Image Credit: The New Yorker

Jan 13, 2024

Elon Musk's Dogecoin Support Fuels $DOGE to $1 Speculation

By: Bhumi Shrivastava

Musk reveals SpaceX holds Bitcoin and emphasizes his backing for the Dogecoin community.

SpaceX's Involvement

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Musk's endorsement contributes to Dogecoin community growth, reaching 3.8 million members.

Community Growth

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Coin Edition predicts $0.1 for DOGE in 2024, with potential for $1 by 2025-2026 if Musk maintains public support.

Price Prediction

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DOGE priced at $0.083, facing consolidation as Aroon indicator suggests sideways movement.

Image Credit: Coinbase

Current Market Status

Indicators show potential for DOGE to trade below $0.1, with RSI at 58.13 and Aroon indicators trending downward.

Short-Term Outlook

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DOGE's correlation with Bitcoin (BTC) may impact its price; observers suggest watching BTC movements for DOGE predictions.

BTC Correlation

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