Cryptocurrency News – Discussion in the Dogecoin (DOGE) community is centered around X, formerly Twitter, as the company pushes its microblogging platform towards becoming the “Everything app.” Musk's long-standing connection to the meme coin project has led many enthusiasts to speculate that Dogecoin could be used as a means of payment on the platform.
A video featuring X CEO Linda Yaccarino on Friday outlined potential features on the platform, from supporting messaging, community discussions and calls to supporting payments for online purchases and transferring money.
Musk's love for certain crypto projects, including Dogecoin and Bitcoin, has enthusiasts eagerly awaiting the path X will follow next. Despite the speculation, neither Musk nor Yaccarino said anything to imply that X would add support for crypto payments.
How close is Dogecoin (DOGE) price increase?
Like Bitcoin, Dogecoin price continues to move steadily, especially in September. Currently, DOGE has proven to be even more stable than the market leader, with 30% volatility compared to BTC's 35% 30-day volatility, according to a report by CoinDesk.
This statement is intriguing because Dogecoin has historically been more volatile than Bitcoin. On the other hand, DOGE ushered in the meme coin era and managed to become a crypto project that has been in existence since 2013.
However, this newfound stability is not an indication that Dogecoin is a better cryptocurrency than Bitcoin.
The daily chart shows that the price of the popular meme coin is trading in a tight range between support at $0.06 and resistance at $0.064. If the bulls and bears fail to make a breakout from these key areas, the sideways trading trend will continue.
If the bulls manage to retain the support at $0.06, a bullish wave could come. A careful examination of Dogecoin price performance reveals the formation of bearish and bullish fractals and points to the next leg up.
The bullish fractal, along with a buy signal from the MACD indicators, indicates that buyers may hold the price hold. Still, a break above the $0.064 resistance must occur for the bullish to be confirmed. In this case, the price will target the region between $0.07 and $0.08.
