DOGE Price Analysis: Rebound on DOGE/USD to $0.0627, Elon Musk Pushes Dogecoin on Twitter Again

DOGE Price Analysis: Rebound on DOGE/USD to $0.0627, Elon Musk Pushes Dogecoin on Twitter Again
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The cryptocurrency market is on a gradual recovery after experiencing one of the most significant breakdowns since January, BTC recovered to trade past $50k. Since Elon Musk slammed DOGE’s rich list, DOGE’s subsequent uptrend has been stagnant at $0.09 per share. Doge Price Analysis: Doge Price Rebounds to $0.0627, Elon Musk Uses Twitter Again To Push Dogecoin.’s subsequent uptrend was stalled at $0.09 after Elon Musk slammed Doge Price Analysis: Doge Price Rebounds to $0.0627, Elon Musk Uses Twitter Again To Push Dogecoin.’s rich list. The entire cryptocurrency market was not spared the bearish wave, which plunged Dogecoin to $0.0408 at its low. On Feb. 24, Do your research before investing any money in any financial asset or a presented event or product. gained to intraday highs of $0.0627. On Feb. 24, a rebound kickstarted on Doge Price Analysis: Doge Price Rebounds to $0.0627, Elon Musk Uses Twitter Again To Push Dogecoin./USD to intraday highs of $0.0627. Doge Price Analysis: Doge Price Rebounds to $0.0627, Elon Musk Uses Twitter Again To Push Dogecoin. is up by 24.12% in the last 24 hours and 7.46% weekly while trading presently at $0.0564. Elon Musk, Tesla CEO, resumes his Dogecoin tweets after taking a short break. Tesla’s CEO, Elon Musk resumes Dogecoin tweets after a brief break. The world’s richest man is once again pushing Dogecoin with a Twitter bio that reads ‘doge all day, doge all night’. Musk also tweeted on Wednesday Dogecoin is ‘literally’ going ‘on the actual moon’ while sharing a cartoon of the Doge mascot on the surface of the moon.

*Dogecoin embarked on a steady decline till it reached lows of $0.044

*Doge Price Analysis: Doge Price Rebounds to $0.0627, Elon Musk Uses Twitter Again To Push Dogecoin. is up by 24.12% in the last 24 hours and 7.46% weekly while trading presently at $0.0564

*A positive behavior of the RSI and an upward trending MA 50 suggest an advantage against the bulls.

Key Levels

Resistance Levels: $0.0818, $0.0728, $0.0657

Support Levels: $0.0408, $0.0350, $0.0280

Doge Price Analysis: Doge Price Rebounds to $0.0627, Elon Musk Uses Twitter Again To Push Dogecoin./USD The support for DOGE if the price breaks through the $0.050 threshold is expected to be at $0.0343 coinciding with the MA 50. Chart: Ranging

Doge Price Analysis: Doge Price Rebounds to $0.0627, Elon Musk Uses Twitter Again To Push Dogecoin./USD The support for DOGE if the price breaks through the $0.050 threshold is expected to be at $0.0343 coinciding with the MA 50. Chart

Dogecoin price rallied to $0.0627 today but the bulls could not sustain the higher levels. If bullish sentiment remains above $0.6267, they are expected to resume the upward movement. A breakout of $0.073 may allow a rally to $0.09 and then $0.10. If the bulls can propel and sustain the price above $0.0627, the rally may extend to $0.0728 and then $0.09.

On the contrary, If Doge Price Analysis: Doge Price Rebounds to $0.0627, Elon Musk Uses Twitter Again To Push Dogecoin. suffers a breakdown in price below $0.050, support is envisaged at $0.0343 coinciding with the MA 50. If this fails, Doge Price Analysis: Doge Price Rebounds to $0.0627, Elon Musk Uses Twitter Again To Push Dogecoin. will likely slump back to its previous low level of support around $0.028. Doge/USD pairs are only bullish if they trade above the $0.043 mark. Hence, key resistance levels are found at $0.065 and $0.072. *Note: Kryptomoney is not a financial advisor.

Doge Price Analysis: Doge Price Rebounds to $0.0627, Elon Musk Uses Twitter Again To Push Dogecoin./USD Don't hold us responsible for the outcome of your investmentsImage credit: ShutterstockTags: DOGE/USDDogecoin (DOGE)Dogecoin Price AnalysisDogecoin No rewrites were foundPerhaps the bears haven't given up yet. Chart: Ranging

Doge Price Analysis: Doge Price Rebounds to $0.0627, Elon Musk Uses Twitter Again To Push Dogecoin./USD Don't hold us responsible for the outcome of your investmentsImage credit: ShutterstockTags: DOGE/USDDogecoin (DOGE)Dogecoin Price AnalysisDogecoin No rewrites were foundPerhaps the bears haven't given up yet. Chart

Doge Price Analysis: Doge Price Rebounds to $0.0627, Elon Musk Uses Twitter Again To Push Dogecoin. attempted flipping the 4 hour MA 50 resistance cap at $0.054 into support today, rallying to $0.0627. Elon Musk attacked DOGE’s rich list after it returned to $0.09, stalling the uptrend. After reaching lows of $0.044, Dogecoin entered a consolidation phase. Conversely, if the price slips below the current level of $0.056, the Doge Price Analysis: Doge Price Rebounds to $0.0627, Elon Musk Uses Twitter Again To Push Dogecoin./USD pair may again drop below the MA 50 at $0.054.

This is an important area to watch out for because if it cracks, the correction may deepen to $0.0457 which coincides with the MA 200. Doge Price Analysis: Doge Price Rebounds to $0.0627, Elon Musk Uses Twitter Again To Push Dogecoin. must continue trading within the confines of ascending trendline support to avoid a trend change. The Doge Price Analysis: Doge Price Rebounds to $0.0627, Elon Musk Uses Twitter Again To Push Dogecoin./USD pair is only bullish while trading above the $0.043 mark, key resistance is found at the $0.065 and the $0.072 levels.

Note: Kryptomoney.com is not a financial advisor. One of the world's richest men is once again promoting Dogecoin by adding his bio to Twitter: ‘doge all day, doge all night’. Musk also tweeted the day prior that Dogecoin would be literally “standing on the moon”, while sharing a cartoon mascot on the moon.

Image Credit: Shutterstock

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