Elon Musk To Spark Next Dogecoin Rally? Crypto Analysts Look at Catalysts for Shiba Inu’s Biggest Competitor

Elon Musk To Spark Next Dogecoin Rally? Crypto Analysts Look at Catalysts for Shiba Inu’s Biggest Competitor
Cryptocurrency News
Like? Do Rank It! Likes

According to a crypto analyst, Elon Musk may be able to move the Dogecoin meme token () to a sustainable level of resistance.

Analyst pseudonym Pentoshi her 672,200 followers Twitter as the biggest rival with token Shiba Inu () shows bullish support that can send it higher.

He says DOGE has faced resistance at a price level of about $0.0940 for most of this year.

'On a more realistic note, I think it's a very high level. Come out of the tops of the range that set it up for most of nearly a year. We would like this level to continue and to be followed up. We would like that level to continue and there to be a follow-up.

Source: Pentoshi/Twitter

Pentoshi Source: Pentoshi/TwitterPentoshi

Musk, a dogecoin advocate, made to enable crypto payments on twitter, the microblogging social media platform he bought last year.

"What if the musk stretches out is the doge hunter? "And if Elon Musk were the recipient of the DOGES?"

Or is that too obvious when you look back?

Another crypto analyst, Smart Contracter, maybe Dogecoin hit bottom.

If maintained, this could indicate that a break of $0.159 is imminent.DOGE/BTC is at a pretty interesting weekly level here. 'DOGE/BTC stands at a rather good weekly level here.

Source: Smart Contracter/Twitter

Looking at his chart, he forecasts Dogecoin going on a massive surge of more than 100% sometime in March, reaching 0.00000808 DOGE/BTC.

Source: Smart Contracter/TwitterWhen he looks at the graph, he predicts that Dogecoin will experience a massive push of over 100% in March, reaching 0.00000808 DOGE/BTC.Admittedly, DOGE/USD looks like a hot… mess to my eyes, but DOGE/BTC OTOH [on the other hand] looks gearing up for a revenge pump of probably 100% or more. It is true that DOGE/USD sounds like a... waste to me.

Source: Smart Contacter/Twitter

Dogecoin is worth $0.0950, or 0.00000396 DOGE/BTC, at time of writing.