The price of Dogecoin (DOGE) is surging after the Department of Government Efficiency, led by Elon Musk, featured the coin's logo on its official website. This news has fueled speculation and caused DOGE to test key resistance levels. Elon Musk has been a longtime supporter of DOGE and has previously altered the logo of major platforms to feature DOGE. The Ichimoku Cloud chart indicates a mixed trend, with short-term bearish momentum but a broader bullish trend. The ADX suggests potential short-term consolidation or correction, as selling pressure overtakes buying momentum. If the current uptrend remains strong, DOGE could test resistance levels at $0.398 and $0.415, with the potential to reach $0.43. However, losing support at $0.348 could lead to a downtrend, with major support at $0.308.
Content Editor ( beincrypto.com )
- 2025-01-21
Dogecoin (DOGE) Price Surges After Elon Musk’s Department Features Its Logo
