- Doge has surged to over 100% in the past seven days.
- Elon Musk sealed a $44 billion deal with Twitter
- Analysts think Doge might integrate with Twitter
Important: This Dogecoin (DOGE) price analysis is purely based on the writer’s knowledge of technical analysis alone. Price analysis articles of other platforms may use different technical analysis signals and indicators that may influence their DOGE price forecast outcome differently. Hence, we strongly suggest doing your own research before buying DOGE.
Dogecoin is again making noise that can be heard in all corners of the cryptocurrency space. To be exact, Dogecoin has surged its price to over 100% in the past seven days. The performance of the crypto awakens the sleeping blood of the Doge army. According to some, if Doge continues to surge despite the bearish market, it could break the internet.
Thomas Kralow, cryptocurrency enthusiast reacted on this:
The surge comes after Elon Musk sealed a $44 billion deal to take over Twitter. In the wake of the Twitter deal, the crypto analyst cannot stop wondering whether Doge will be integrated with Twitter and how long Doge can keep its uptrend.
Currently, Doge trades at a bullish price of $0.12 per crypto. If Doge is able to increase its market cap from $17 billion to $25 billion, the price of the crypto may skyrocket to $0.3.
As seen in the chart, DOGE broke its resistance level of $0.06, accelerating its price to over $0.1. Additionally, the crypto performed a cup and handle pattern, a bullish signal. Continuing this aggressive market performance may lead to DOGE’s price soaring and breaking another resistance level leading to $.3.
However, it is still advisable to practice caution and be mindful of FOMO since we are still in the bearish market. At any moment, the market could turn against you, a scenario not new in the crypto space.
Disclaimer: The views and opinions in this article belong to the writer alone, and they do not necessarily reflect the position of CryptoNewsLand (CNL). No information in this article, whether expressed or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers perform their own in-depth research before investing in cryptocurrency.
