Dogecoin (DOGE) Price Sees 2.5% Jump Following Elon Musk’s Latest Post
Dogecoin’s price surged by 2.5% to reach $0.20 after Elon Musk shared an image featuring the iconic Shiba Inu mascot on X. This move further extended Dogecoin’s impressive 55% recovery from its recent low of $0.13, signaling renewed bullish momentum in the market.
Technical analysis indicates that DOGE is currently forming an Adam and Eve double-bottom pattern, with a critical neckline positioned at $0.216. This bullish chart pattern suggests a potential rally of approximately 25%, targeting a price level of $0.26.
With the $0.26 resistance in sight, traders and investors are closely watching DOGE for a possible breakout that could further accelerate its upward trajectory.
Stay tuned for more updates on Dogecoin’s price movements as the market evolves.
The post Dogecoin (DOGE) Price: Elon Musk Post Triggers 3% Gain As Bulls Eye Breakout appeared first on CoinCentral.
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