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DOGE defies Elon Musk news, bears tighten their grip as the price eyes August lows. 🐕📉
Dogecoin (DOGE) has largely shrugged off the recent news of Elon Musk's legal victory. A federal judge in New York dismissed a class-action lawsuit accusing Musk and Tesla of manipulating DOGE’s price, stating that "no rational investor would base their decisions on Musk's tweets." Despite this, DOGE's price barely reacted, dipping 0.18% in the last 24 hours, with trading volume down by 24%.
Technical indicators suggest that bearish momentum is driving DOGE lower. The 12-hour chart shows the bears firmly in control, with the Directional Movement Index (DMI) revealing a strong bearish trend. The Chaikin Money Flow (CMF) indicator has also slipped into negative territory, reflecting capital outflows from DOGE.
Futures traders, however, remain optimistic, with a positive funding rate indicating a preference for long positions. But if selling pressure continues, DOGE could drop to its August 5 low of $0.08, risking significant liquidations. On the other hand, an improvement in market sentiment could see the token rebound by 10% to $0.11. $DOGE
#doge⚡ #DogecoinCommunity #ilonmusk #Musk
Disclaimer:
Research Yourself before investing, use only risk-worthy funds and take full responsibility for your decisions.
Dogecoin (DOGE) has largely shrugged off the recent news of Elon Musk's legal victory. A federal judge in New York dismissed a class-action lawsuit accusing Musk and Tesla of manipulating DOGE’s price, stating that "no rational investor would base their decisions on Musk's tweets." Despite this, DOGE's price barely reacted, dipping 0.18% in the last 24 hours, with trading volume down by 24%.
Technical indicators suggest that bearish momentum is driving DOGE lower. The 12-hour chart shows the bears firmly in control, with the Directional Movement Index (DMI) revealing a strong bearish trend. The Chaikin Money Flow (CMF) indicator has also slipped into negative territory, reflecting capital outflows from DOGE.
Futures traders, however, remain optimistic, with a positive funding rate indicating a preference for long positions. But if selling pressure continues, DOGE could drop to its August 5 low of $0.08, risking significant liquidations. On the other hand, an improvement in market sentiment could see the token rebound by 10% to $0.11. $DOGE
#doge⚡ #DogecoinCommunity #ilonmusk #Musk
Disclaimer:
Research Yourself before investing, use only risk-worthy funds and take full responsibility for your decisions.
Elon Musk and cryptocurrency
Me About Elon Musk
"His wealth is intelligence, courage and faith in the result. And admitting your mistakes. It's hard to judge, we don't know each other personally. Success is achieved by the one who admits his mistakes and restarts".
Genius in simplicity.
Don't look for hidden subtext in words and actions. If Mr. Musk writes or says, then it should be understood that way. Direct value. Such are his plans. And the powerful of this world, like Elon, do it.
Directness is one of his features. He called the coin a meme $DOGE , because it is his benefit.
Rule number one. Verification of information from official sources and analytics with statistics from open sources from the original source.
Top 50 Performance over the last season (90 days)
Interesting statistics. There is something to think about.
What is the value of an emoticon in chat: the visual transfer of emotions. I think today it is simply impossible to imagine chat communication without them.
And cryptomeme?
In psychology, there is a concept of emotional memory or heart memory. To feel a certain emotion associated with the event caused by the trigger (melody, picture, character, similar type of person...).
I felt the same way when I saw the $PEPE
meme coin. And she remembered carefree student days, conversations with classmates about the character Pepe the frog. It is priceless when something reminds you of happy moments.
This psychological technique is widespread in the niche "Souvenirs for memory".
The practical side, how to use for payment. I don't know about this coin, because it was created with the goal of a unique meme coin to remind of a pleasant memory from childhood or when an adult allows me to be a child, that is, I have to not think that I must ...
Pepe is backed by Binance, which is minus one zero. A month ago there were 5 zeros and 500,000 cost less than €1. Three weeks ago it became four zeros. As the wise saying goes:,, The price will rise".
Time is coming! Successful investments to all!
#cryptotopsell #InvestmentAccessibility #ilonmusk #Top50Coin
"His wealth is intelligence, courage and faith in the result. And admitting your mistakes. It's hard to judge, we don't know each other personally. Success is achieved by the one who admits his mistakes and restarts".
Genius in simplicity.
Don't look for hidden subtext in words and actions. If Mr. Musk writes or says, then it should be understood that way. Direct value. Such are his plans. And the powerful of this world, like Elon, do it.
Directness is one of his features. He called the coin a meme $DOGE , because it is his benefit.
Rule number one. Verification of information from official sources and analytics with statistics from open sources from the original source.
Top 50 Performance over the last season (90 days)
Interesting statistics. There is something to think about.
What is the value of an emoticon in chat: the visual transfer of emotions. I think today it is simply impossible to imagine chat communication without them.
And cryptomeme?
In psychology, there is a concept of emotional memory or heart memory. To feel a certain emotion associated with the event caused by the trigger (melody, picture, character, similar type of person...).
I felt the same way when I saw the $PEPE
meme coin. And she remembered carefree student days, conversations with classmates about the character Pepe the frog. It is priceless when something reminds you of happy moments.
This psychological technique is widespread in the niche "Souvenirs for memory".
The practical side, how to use for payment. I don't know about this coin, because it was created with the goal of a unique meme coin to remind of a pleasant memory from childhood or when an adult allows me to be a child, that is, I have to not think that I must ...
Pepe is backed by Binance, which is minus one zero. A month ago there were 5 zeros and 500,000 cost less than €1. Three weeks ago it became four zeros. As the wise saying goes:,, The price will rise".
Time is coming! Successful investments to all!
#cryptotopsell #InvestmentAccessibility #ilonmusk #Top50Coin