Doge coin is has had a major pump from the positive announcement of Elon Musk acquiring Twitter. Elon Musk/Twitter has also told the press that implementation and integration of Doge into Twitter is a future possibility which therefore drives the price upwards.
Doge also has to take into account for the Bitcoin price changes which may cause the market to crash or may cause the cryptomarket to go into an alt-season.
To support this analysis and a bullish momentum of Doge does the MACD seeem bullish, as well as an opening of the KC. The RSI may be overbought as the red candle formed but the positive trend is still overarching.
Doge also has to take into account for the Bitcoin price changes which may cause the market to crash or may cause the cryptomarket to go into an alt-season.
To support this analysis and a bullish momentum of Doge does the MACD seeem bullish, as well as an opening of the KC. The RSI may be overbought as the red candle formed but the positive trend is still overarching.
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💥 Free signals and ideas ➡ t.me/vfinvestment
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.