EloneMusk
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#EloneMusk has added 🔥 to the like button. Try it now.
(this is how you do an engagement farming post) #BrandedFeatures
(this is how you do an engagement farming post) #BrandedFeatures
Dogecoin price bounces 13% as Elon Musk’s X teases P2P payments $DOGE #EloneMusk
Dogecoin briefly touched $0.09 on Jan. 12, rising 13% since Elon Musk's X announced plans for a P2P payment platform earlier in the week. Musk's social media giant outlined 2024 plans, including P2P payments, triggering a positive DOGE price reaction due to their documented affinity.
800 million Dogecoin sell orders could truncate price rally.
Despite a 13% rally, on-chain data suggests the upswing could be short-lived. The retracement below $0.084 on Jan 12 indicates a prevailing bearish sentiment, evident in the order books where sell orders (798 million DOGE) outweigh buy orders (752.4 million DOGE).
Losing the $0.07 support could catalyze major losses.
The substantial oversupply suggests potential downward price pressure, with the market dynamics signaling an imminent DOGE price correction. To validate this, bears must breach the initial support buy-wall around $0.07.
IntoTheBlock's GIOM data highlights a large cluster of DOGE holders (46.9 billion DOGE) at an average price of $0.072. A drop below this support level could induce panic and larger losses. On the contrary, bullish traders could defy this outlook by pushing DOGE to $0.10, but the $0.095 resistance poses a significant obstacle. Monitoring the $0.07 support and $0.10 resistance is crucial for assessing Dogecoin's price trajectory.
Dogecoin briefly touched $0.09 on Jan. 12, rising 13% since Elon Musk's X announced plans for a P2P payment platform earlier in the week. Musk's social media giant outlined 2024 plans, including P2P payments, triggering a positive DOGE price reaction due to their documented affinity.
800 million Dogecoin sell orders could truncate price rally.
Despite a 13% rally, on-chain data suggests the upswing could be short-lived. The retracement below $0.084 on Jan 12 indicates a prevailing bearish sentiment, evident in the order books where sell orders (798 million DOGE) outweigh buy orders (752.4 million DOGE).
Losing the $0.07 support could catalyze major losses.
The substantial oversupply suggests potential downward price pressure, with the market dynamics signaling an imminent DOGE price correction. To validate this, bears must breach the initial support buy-wall around $0.07.
IntoTheBlock's GIOM data highlights a large cluster of DOGE holders (46.9 billion DOGE) at an average price of $0.072. A drop below this support level could induce panic and larger losses. On the contrary, bullish traders could defy this outlook by pushing DOGE to $0.10, but the $0.095 resistance poses a significant obstacle. Monitoring the $0.07 support and $0.10 resistance is crucial for assessing Dogecoin's price trajectory.
$DOGE
The recent news about adding the coin as payment method!!! This will skyrocket the coin ..
Let us watch and learn 😅😅😅
#EloneMusk #doge #Skyrockets
The recent news about adding the coin as payment method!!! This will skyrocket the coin ..
Let us watch and learn 😅😅😅
#EloneMusk #doge #Skyrockets
Is X Building Your Future Bank? Elon Musk's Social Media Giant Hints at Financial Play
#Hold onto your Dogecoin, because whispers of "X Payments" just blew through the Twitterverse like a Muskian tweetstorm. Yes, you read that right. Elon's ambitious X, your daily dose of memes and hot takes, might soon be handling your cash too.Remember when Musk bought X and called it a "digital town square"? Turns out, he might be building a whole financial metropolis within its walls. Analysts are buzzing about X becoming a global money hub, a one-stop shop for your transactions, investments, and maybe even crypto moon missions.While fiat currency takes the front seat for now, crypto whispers linger in the air. Musk loves his Doge, and who knows, it might find a cozy corner in X's financial playground. But don't expect a full Web3 takeover just yet. Those fancy NFT profile pics are already history, and blockchain baubles are gathering dust in the digital attic.One thing's for sure, X is evolving faster than a chameleon on caffeine. Whether it becomes your financial bestie or just another app hoarding your data, buckle up and keep your eyes peeled. This Muskian adventure is just getting started!So, readers, what's your take? Will X become your financial Robin Hood or just another corporate overlord? Share your thoughts in the comments!P.S. Don't forget to follow me for more spicy tech scoops and Muskian mysteries.#TrendingTopic #XPayments #EloneMusk #cryptocurrecny
