Dogecoin has shown a good surge in the past few days, with the coin price rising by more than 12% in 7 days.
As of the time of writing, the DOGE price is currently valued at $0.1571. The trading volume has also increased by 38%, reaching a value of $1,653,651,967. Amid all these ups and downs, many have predicted the possibility of a bull run for Dogecoin due to the surge in prices and increased whale interference.
Now, this has become a reality as Tesla announced that it will accept Dogecoin for shopping at Tesla. The electric car company also made it clear that they only accept Dogecoin for now.
Is the bull run for Dogecoin still going on?
The meme coin has gained support above $0.1, which will help revive the value of DOGE in case of a price drop. Moreover, insights from the past 900 days of data have been taken and it is concluded that Dogecoin has been in a correction zone for a long time, and the next step is to enter a bull run.
The bull run for Dogecoin has been going on since October 2023, with only some ups and downs. However, Behdark’s predictions have not received much support from the community. Investors believe that the king of memes needs more time and more upward momentum to usher in a bull run.
As Dogecoin is still days or weeks away from a bull rally, Tesla's announcement boosted its price and demand. 🚀qun scab👀薇: ygz548 Elon Musk has once again made clear his direct intention to send Dogecoin to the moon. Dogecoin aims to surge to a one-week high, which may happen if it breaks through the resistance level of $0.162. Once it breaks through the resistance level, it will surge to $0,1944.
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