Dogecoin (DOGE) is once again delighting its fans! 🎉 Recent events around the coin have shown that its potential remains high. Here’s what is happening now:
🔥 Key events
1. Support from Elon Musk and the D.O.G.E. project.
Elon Musk, known as the 'Godfather of Dogecoin', has once again heightened interest in the coin. His involvement in the initiative of the American Department of Efficiency (D.O.G.E.) has attracted the attention of institutional investors and retail traders. 🐕🦺
2. Whale actions 🐋
Large holders of DOGE have bought about 140 million coins in recent days. This signals that big players are preparing for a significant price increase.
3. Technical indicators 📈
A 'bull flag' is forming on the DOGE chart, which could lead to a price increase to $0.87. However, the RSI indicator suggests overbought conditions, and short-term corrections are possible. ⚠️
💡 Forecast and my opinion
• If the positive trend continues and the news background remains supportive (for example, further activity from Elon Musk or a new stage in the development of meme culture), DOGE could reach $0.70–$0.87 by the end of 2024. 🚀
Dogecoin is not just a cryptocurrency, but a symbol of a united community where memes become a real force. The continued growth of DOGE depends on all of us!
Remember, this is not financial advice, but an overview of current events. Trade wisely! 😉$DOGE $DOGE
