![]() His current Dogecoin price prediction is bearish.Īs Robinhood CEO Vlad Tenev tweeted earlier this year, Dogecoin fails to compete with a standard debit card transaction as a means of exchange and payment. Is Dogecoin a Good Investment Now?Įvery short term Dogecoin pump has been an opportunity for high R:R short in 2022 - even down 92%, DOGE has little utility and an infinite supply so has room to keep declining.Īnother noted trader Altcoin Sherpa is now considering a Dogecoin short from the current levels, since this latest Elon Musk related move. TraderSZ tends to take short term trades within a sideways range. Notably one of the best crypto traders on Twitter, TraderSZ, opened a long position targetting that level last week when the Dogecoin price was $0.06.įrom a macro standpoint, little indicates a long term price reversal yet even with the weekly candle up 11.6%. On the weekly chart, if the DOGE price can start closing candles above $0.089, the market structure would then flip bullish. Dogecoin price chart - weekly timeframe range high at $0.089Ĭonservative investors may wish to wait to see if this latest Dogecoin price rally can really spark a new uptrend.įom a technical analysis standpoint, that would mean higher lows and higher highs being printed on a high-timeframe (HTF) chart. Every Elon Musk tweet or news event that previously caused a Dogecoin price pump - such as Tesla accepting DOGE for merchandise purchases, and later SpaceX - has fully retraced. With its high market cap, and being an inflationary asset, Dogecoin may struggle to recover. Its closest competitor Shiba Inu has a market cap of $6.3 billion, and new meme coin Tamadoge recently rose 1,870% from its token presale to hit an over $150 million market cap, overtaking Baby Doge Coin and Dogelon Mars. Dogecoin price history - monthly chart via Binanceĭespite that 18 month bear market, Dogecoin still commands a $8.7 billion market capitalization, the largest meme token in the crypto market. Twitter Investor Relations ( has today confirmed the deal: Dogecoin Price Predictionĭogecoin now is trading at around $0.065, having hit an intraday high of just over $0.066 at press time.ĭogecoin is still down approximately 92% from its all time high of $0.74 hit shortly before Elon Musk appeared on Saturday Night Live to discuss the popular meme coin, in May 2021. Elon Musk is set to buy Twitter at $54.20 per share, for $44 billion. The Twitter share price closed the Tuesday session up 22%, at $52.05. Twitter shares have also pumped on the news, more so than DOGE - could cryptocurrency be lagging behind stocks, and the DOGE price be set to rise higher? Musk (the “Musk Parties”), we write to notify you that the Musk Parties intend to proceed to closing of the transaction contemplated by the ApMerger Agreement. Gentlemen: On behalf of X Holdings I, Inc., X Holdings II, Inc. Will Dogecoin recover to its 2021 highs though? Latest Elon Musk SEC FilingĪ letter sent to Twitter's lawyers from 'the Musk parties' on the sec.gov website states: You hereby agree that we are not providing our own opinions, advice, or recommendations.The Dogecoin price is up almost 9% today as Elon Musk's Twitter acquisition is back on the table. While we endeavor to publish and maintain accurate information on external listings, we do not guarantee the accuracy, completeness, or usefulness of any information on this site, nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties. The brands and the logos appearing on this website are registered trademarks by their respective brand owners. may not offer certain products, features and/or services on the App in certain jurisdictions due to potential or actual regulatory restrictions. Please note that the availability of the products and services on the App is subject to jurisdictional limitations. You may obtain access to such products and services on the App. It is not intended to offer access to any of such products and services. The purpose of this website is solely to display information regarding the products and services available on the App. ![]()
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