Has Dogecoin become popular again because of Musk?
Musk once again "played" with Dogecoin through Twitter, this time mentioning $DOGE with a humorous meme. Although he did not clearly state his intentions, the community responded enthusiastically, trading volume surged, and market sentiment was instantly ignited.
📊 Latest Data:
Current Price: $0.4027, up 1.06% in the last 24 hours;
Market Cap: Approximately $59.19B, firmly among the leading mainstream cryptocurrencies;
Daily Trading Volume: As high as $7.40B, indicating increased activity from short-term traders.
Technical Analysis:
Short-term Resistance Level: $0.42, if this area is breached, it may push towards $0.45-$0.50;
Support Level: $0.39, if it doesn't break, short-term fluctuations may lean towards the upside;
On-chain Data: The number of holding addresses is on the rise, with active addresses increasing by nearly 15%.
💡 Operational Advice: Dogecoin's volatility is significant, making it suitable for short-term traders to consider buying low and selling high, but be aware that Musk's short-term impact on the price may be limited, and risks should be assessed rationally.
Can DOGE create miracles again? Feel free to leave a comment! As for what happens next, please give a little click to Baifeiniu Crypto, and let’s look forward together!