๐ธ๐ธ๐ธ๐ธ๐ธ๐๐๐๐๐๐ธ๐ธ๐ธ๐ธ๐ธ๐ฅMusk Says He's Returning to the โMeme Grindstoneโ Dogecoin Price Prediction๐ฅ
๐ฅAfter software entrepreneur Elon Musk tweeted that he will โget back on the meme grindstone soonโ, Dogecoin rose 30% in 24 hours.
๐ฅDOGE has risen 50% in a week and 57% in 30 days, suggesting Musk would start pumping DOGE.
๐ฅBitcoin ETF volumes have boosted market purchasing in a bullish environment.
๐ฅWith DOGE up by โonlyโ 55% in the last year (mostly from this week), the meme token has room to rally shortly.
๐ฅThe market has ignored and oversold DOGE for months, so today's rally may have been long overdue.
๐ฅRSI has risen over 70 in the previous day, indicating strong buying pressure.
๐ฅDOGE's 30-day average has been climbing sharply, predicting a potential breakthrough for the meme currency.
๐ฅMost encouragingly, the coin's 24-hour trading volume has increased to $7.3 billion in the previous few hours from $300 million a few days ago.
๐ฅOther big coins have seen similar high volume surge, suggesting a full-blown bull market.
๐ฅHowever, DOGE's old friend Elon Musk has hinted that he may indirectly boost the joke coin's price.
๐ฅHonestly, Elon Musk tweeting jokes doesn't indicate DOGE will get stronger or more helpful soon.
๐ฅHowever, the market seems to have seen his tweet as a signal to buy in DOGE again.
๐ฅRecent transfer data suggests that many whales have utilized this interpretation.
๐ฅDOGE's only assets are memes and hype, but its community hopes X will bring crypto and DOGE payments one day.
๐ฅX has applied for payments licenses in recent months, but this is unlikely.
๐ฅHowever, Dogecoin may rise to $0.2 in the next months.
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