CandleFocus Dogecoin (DOGE) Price Readies for Next Big Move as Elon Musk Mentions Meme Coin
2024-09-12
Author: Content Editor
Elon Musk recently mentioned Dogecoin in an unconventional manner by referring to a fictitious government department with the acronym DOGE. It is unclear what this authority will do or if it will actually exist, but some politicians are supporting Musk's idea. Despite this, the price of Dogecoin has shown bullish dynamics and has added 6.76% since the beginning of the week. There is a bullish falling wedge pattern on its chart, and if completed, Dogecoin could see a 50% gain to $0.15 per DOGE. Whether Musk's mention will help achieve this goal remains to be seen.
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