Dogecoin Price Prediction: DOGE Soars 4% After Elon Musk Comments, But Traders Turn To This Presale With A 1,520% Staking APY
The Dogecoin price rose 4% in the last 24 hours to trade at $0.1434 as of 03:43 a.m. EST on trading volume that skyrocketed 95% to $1.56 billion. This comes as Elon Musk also said he’ll save the US $2 trillion through the Department of Government Efficiency (DOGE) that Donald Trump has said Musk will head if he retakes the White House after November’s US election. Such comments, though not about DOGE itself, have often buoyed the Dogecoin price because of the acronym for the name of the government department. Dogecoin Price To Continue Soaring After being in consolidation in early October, the Dogecoin price went on a markup phase from the $0.108 level to $0.1458, according to data from GeckoTerminal . The $0.1458 is now acting as the immediate resistance zone, which has allowed the price of Dogecoin to trade within the sideways pattern as the bulls aim for a breakout above. DOGE now trades above both the 50-day and 200-day Simple Moving Average (SMA), affirmin...