The current feeling towards Dogecoin (DOGE) seems optimistic, and it seems ready for a massive rise in the rise due to the formation of an increased price action and recent opinions of Elon Musk on the Ministry of Effectiveness of the government (DOGE). These factors seem to move the feeling of the market that Doge has witnessed.
Elon Musk technology and blockchain
Recently, Elon Musk, the billionaire founder of SpaceX and Tesla, revealed that he explored blockchain technology to make the Doge department more efficient and to follow government performance. Musk’s thoughts have drawn significant attention from crypto experts and analysts.
Looking at this, the founder of Cardano Blockchain, Charles Hoskinson, posted on X (formerly Twitter) and underlined: “I think it is a job for a Triumvirate of Cardano, Bitcoin and Midnight. Yo, Dogemaster Elon Musk, call us. We will do it for free.
This article on X has drawn the attention of cryptography experts and also indicates how it could benefit the global market of long-term cryptocurrency.
Current price momen
Despite these positive developments, DOGE is currently negotiating nearly $ 0.354 and has experienced a sharp increase of 1.35% in the past 24 hours. During the same period, its negotiation volume fell by 30%, which indicates a lower participation of traders and investors compared to the day before.
Technical Dogecoin (DOGE) analysis and future level
According to an expert technical analysis, DOGE seems bullish, because it is currently at a crucial level of support provided by the trend line and is also ready for a trend line inclined over the four -hour period. Since December 2024, DOGE has taken support four times from this trend, and each time, he has witnessed the upward momentum.
Looking at the historical time of prices, experts expect a similar type of upward momentum. On the basis of the recent price action, if Doge inflates the trendline and closes a four-hour candle above 0.365, there is a strong possibility that it can rise by 20% to reach the level of 0 , $ 43 in the future.
