DOGE... so very currency

Doge has seen a rally and a collapse in the last few days, but I dont think its headed back to new lows just yet. Doge has been hugely impacted by Musk's twitter takeover. Expect some consolidation now.

I exited DOGE at 6 cents. I don't expect anyone to care but wanted to bring this thread full circle. Officially the most uncomfortable trade of my life.

Doge is facing resistance near 0.0942 and a move above that could be sharp.

Doge looks to be set on giving up all its gains post Musk buying out Twitter. Support exists at 0.0706.

A move above 0.0950 would see a sharp rally in Doge.

Scalping longs for $0.118

Doge has been sustaining its Nov rally gains and now has an important short term support at 0.0932. The broader medium term trend is Bullish.

DOGE is near a super important support and a break below will open doors towards 0.0500 again.

Doge has bottomed out for the medium term, but no solid uptrend yet.

The new CEO of Twitter is amazing - Elon Musk tweeted a dog picture with caption as new CEO. He is Musk’s pet dog, Floki, a Shiba Inu.
ElonMusk hinting for $SHIB, $FLOKI or $DOGE? This news will definitely boost the prices of DOGe and SHIBA INU.

 

1. According to Coinpedia Shiba coin price could reach a maximum of $0.0000259 by the end of 2023.
2. Dogecoin price may reach a maximum of $0.158 by the end of 2023.

There is little directional movement happening in Doge but strong support exists near 0.0600

New Twitter logo

Or it's a late/incompetent April fools joke, and the bird logo will be back in a few hours.

Late April Fools' joke makes the most sense. Definitely weird that it's up two days later with no explanation.

This theory is pretty funny, makes sense too:

He's just redirecting traffic from his $258B lawsuit to a silly, harmless (late) April Fools joke.

Well it's been up for 48 hours, which isn't the duration you'd expect from a late April fools joke. Maybe Elon is really stupid enough to have rebranded? Seems implausible, but I guess it could fit with all the other stupid decisions he's been making.

What I love about Elon running Twitter is that it's plain to see his incompetence. With a rocket company and car company, he was able to convince most people that his hype was in fact genius. But after seeing Elon operate in an arena they understand -- social media -- nobody is stupid enough to believe he's going to Mars.

Doge has been trading without a clear trend for quite some time now and there is no likely trend coming up as well.

It looks like Dogecoin is poised for a surge, but I believe it might experience a correction or fall before that happens. If you time it right, you can start investing.

Good chart of Doge via Twitter

DOGE after a big runup, is correcting and support comes in around 0.08745