Dogecoin 125 % price signs despite Elon Musk and Trump District star-news.press/wp

The price of Dogecoin has been fixed since June, coinciding with the lack of interest among investors. It decreased by 38 % of its highest levels in May. Nevertheless, technical analysis indicates that the DOGE code may be gathered soon as Donald Trump and Eileon Musk escalate.

The technical analysis of the Dogecoin price indicates a recovery

Doge Price is trading at $ 0.1595, giving him the market value of $ 24 billion. The decline of the day was accompanied by a large size of $ 815 million, an increase of 13 % per day.

The Daily Chart refers to the ultimate recovery of the DOGECOIN price after it formed a very bullish plan. It formed a double -bottom pattern at $ 0.1445.

This style features two levels for distinguished support and neckline, which is in this case, at $ 0.2596. The profit goal is calculated in a double -bottom style by finding its height first, which, in this case, is about 44 %. After this, one measures the same distance from the neckline.

In this case, the same distance measurement of the neck line gives the price of $ 0.3753, which rises by 132 % of the current level.

Climb Dog’s price Climate It will become invalid if the distinctive symbol decreases down the double level at $ 0.1445. The move down this level will be a sign that the bears have prevailed, which will push it down, and perhaps to the psychological point at $ 0.10.

Dog to ignore Elon Musk and Donald Trump’s dispute

Dogecoin’s positive price expectations ignore the ongoing accusations between Donald Trump and Elon Musk. This dispute, which was on the ice for a while, encouraged this week after criticizing Musk Beautiful beautiful bill.

Musk is concerned about the end of the incentives of electric vehicles, which provided up to $ 7,500 credit for buyers. Its end will hurt Musk personally because he is the CEO of Tesla, the largest EV company.

Donald Trump criticized muskHe said he was aware of EV’s credits when he approved him. He also threatened to reduce funding from SPACEX, other Musk company, which has billions of government contracts.

Musk also pledged to finance Thomas Massi, a Republican of which Trump complained. Massi collected the Republican Party and failed to support its higher priorities.

the Musk and Trump Accusation It will not have an impact on the price of Dogecoin because their relationship collapsed in May. Also, MUSK’s statements and even his appointment to the leadership of the Ministry of Governmental efficiency (DOGE) did not have a effect on the currency.

summary

The price of Dogecoin has been under pressure in the past few months, reflecting the performance of most coins. On the positive side, it has a double pattern that can lead to a strong recovery.

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CRISPUS is an experienced financial analyst in CoingApe with over 12 years of experience. It focuses on Bitcoin and other altcoins, which covers the intersection of news and analysis. His visions were shown on famous platforms such as banklestimes, Coinjournal, Hypeindex, Seekingalpha, Forbes, Investingcube, Investing.com and MoneytransFers.com.

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