"Dogecoin prices rise due to whale hoarding and Musk's comments"

Dogecoin market sentiment soared on Thursday, driven by on-chain data and comments from Elon Musk. Dogecoin whales hoarded a large amount of Dogecoin, and Musk called the dog behind Dogecoin "the father of Dogecoin", which aroused investor interest. Dogecoin broke through the key resistance level and may enter an upward trend if it is maintained. The prices of other meme coins also rose. The price of Dogecoin was $0.1137, up about 5% in 24 hours. Analysts believe that Dogecoin is expected to enter the final expansion stage of this cycle. Musk's remarks and whale hoarding attracted buying pressure, which has a positive impact on the future performance of Dogecoin.