Elon Musk has summarized Dogecoin (Doge) in the government efficiency (DOGE), a new cost efficiency point established after Donald Trump returned to the White House.
Why why Doge Army is in musk
Last weekend, Tech Mogul and Dogecoin (Doge) Patriot Elon Musk asked if the TOP DOG MEME COIN would be implemented as a government structure. “As far as I know, there is no plan to use Dogecoin.”– added musk and added “They are very similar but two very different things. We are literally trying to make the government 15% more efficient.”.
ELON Musk’s explanation, which originally refused to have a relationship with the original meme coins, was previously mixed with X, which was previously known as Twitter. For example, Alpha Doge, an encryption lover “Then decentralization will be impossible.”.
But there was a group of more harsh Doge Army members. “ELON betrayed the Dogecoin community. Simply!” While one Dogecoin (Doge) activist was declared, others simply questioned whether ELON Musk could actually solve government issues that did not use Dogecoin’s work blockchain proof.
Dogecoin’s next movement: bounce or flop?
Recently, Dogecoin (Doge) prices have been pushed to less than $ 0.20 by Crypto Bears, and in the process, some important support levels have been abandoned. With a 9%down swing over the last seven days, the TOP DOG COIN should lick the wound after a downward spiral for a month, accounting for 17%of the Doge price.
In a brighter word, the technology setting of the mainstream MEME COIN does not scream at the entire bear. The wedge pattern determined by the 4-hour Dogecoin (DOGE) price chart analysis of the Trader tadrade suggests that Dogecoin can bounce $ 0.16- $ 0.165 to the bottom.
In addition to the falling wedge patterns used to determine the end of the falling price trend, another positive change is the basis of the relative strength index (RSI). As the merchant Tardigrade has already mentioned, the excess condition suggests a possible rebound rally.
According to further research Daily coinIn the 4 -hour price chart of Dogecoin, this metrics confirmed the merchant’s observation due to the hovering between 36 and 30. According to Coingecko, Press-EMBOSSED CRYPTO is changing to $ 0.167, and the only meme coin that produces more than $ 1 billion every day in the niche market, with more than $ 1 billion every day.
on the other way
- Dogecoin (DOGE) has a significant drop of less than $ 0.16, which can lead to a $ 0.10 flame before it is potentially rebounding.
Why this is important
ELON Musk’s remarks can be seen in the change of the purpose of Dogecoin, which started with the original satire coin and gathered a community that loves memes for many years.
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