Dogecoin Price Pumps 3% After Trump Musk Interview As Experts Predict New DOGE 2.0 Will Make A 10X Run
The Dogecoin price rose 3% in the last 24 hours to trade at $0.106 as of 03:34 a.m. on trading volume that soared 28% to $817 million.
This comes after Trump’s interview with Elon Musk, where bettors at one point gave an over 60% chance of Trump mentioning digital assets during an interview, but he did not.
The interview mostly covered a variety of topics, including illegal immigration, the economy, AI, and global warming.
Dogecoin Price Aims For A Continued Rally
The Dogecoin price has been in a sustained rally since August 5, rising through the rising channel pattern from $0.0878, according to data from GeckoTerminal .
The bulls now aim to push the price of Dogecoin above the channel, as it now trades above the 50-day Simple Moving Average (SMA). If the momentum continues, DOGE could eventually surpass the 200-day SMA at $0.1169.
Moreover, the Relative Strength Index (RSI) trades within the 50-midline level, an indication that the price of Dogecoin is currently trading in equilibrium, aiming for a bullish rally above.
The Moving Average Convergence Divergence (MACD) is also bullish as it climbs above the zero line. The blue MACD line also crosses above the orange signal line, representing a bullish crossover.
A bullish crossover encourages optimistic investors to buy more, which could push the price of Dogecoin above the rising channel pattern. If the bullish momentum continues, the bulls could push Dogecoin further above, currently targeting $0.138.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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