🚨 If Musk "let go", what will happen to Dogecoin (DOGE) in the future? 🐶💔
1️⃣ Musk's support weakened, DOGE may fall into the "price abyss"?
Elon Musk's support for Dogecoin has always been an important pillar of its market value. However, if his support for DOGE weakens, the price may experience drastic fluctuations, even falling into the 40%-60% range ($0.123-$0.22), and if the key support is lost, it may fall to $0.0098 😱.
2️⃣ Can DOGE become the payment star of the X platform?
Although Musk is working hard to promote X Payments to obtain full regulation, the progress is not smooth. If it is successfully launched, it is still questionable whether DOGE can be used as the main payment currency, because its inflationary characteristics may reduce the possibility of use.
3️⃣ Market pressure vs investment opportunities
Recently, DOGE has fallen by more than 13%, breaking through the key support level of $0.35 and reaching a low of $0.30. Judging from the oversold state of RSI (17.67), there may be buyers' opportunities to buy the bottom and rebound in the short term, but the overall market risk cannot be ignored. 📉
💡 Viewpoint: Risks and opportunities coexist!
The future of DOGE prices depends more on market consensus and technical support. If Musk gradually "let go", investors need to look at it rationally, not blindly chase highs, and pay attention to potential oversold rebound opportunities!
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