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Elon Musk's Dogecoin endorsement triggers short-lived pump as DOGE price technicals turn bearish

From fxstreet.com

stormed into top-50 amid the FOMO triggered by Elon Musk's tweet. The message of Tesla's CEO contained only one word "DOGE"; however, that was enough for the coin's supporters to start buying it like there is no tomorrow. DOGE gained over 30% in a matter of hours and touched $0.0055, the highest level since July 8, when the coin briefly reached $0.0056 before collapsing back below $0.004. At the time of writing, DOGE is changing hands at $0.0047. Despite the sell-off, the coin is still 12% higher on a day-to-day basis. The weekly gains exceeded 50%. DOGE's market capitalization reached $627 million, while its ... (full story)

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  • Category: Technical Analysis