fxstreet.com 05 Feb, 2021 07:15 am

DOGE explodes again thanks to Elon Musk and remains stronger

DOGE explodes again thanks to Elon Musk and remains stronger
Dogecoin had another massive 50% price explosion in the past 24 hours thanks to several tweets from Elon Musk. Yet again, the richest man in the world

Dogecoin price is contained inside an ascending parallel channel on the hourly chart.Dogecoin price could be poised for another breakout without Elon’s help On the 1-hour chart, it seems that Dogecoin has formed an ascending parallel channel and bulls have just defended the 18-SMA support level and the middle trendline of the pattern.A rebound from this point can quickly push Dogecoin price towards the upper boundary at $0.056 will drive Dogecoin price by 55% towards $0.

Losing the 18-SMA on the 1-hour chart can push Dogecoin price towards $0.DOGE/USD 1-hour chart A breakout above the critical resistance point at $0.

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