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Dogecoin Soars 6.5% Following Elon Musk’s Post, Is A Breakout Imminent? Newsbtc 3週間前

Dogecoin Soars 6.5% Following Elon Musk’s Post, Is A Breakout Imminent? 🚀

Dogecoin Elon Musk USA Trading Tesla

Dogecoin (DOGE) saw a 6.5% price increase after Tesla CEO Elon Musk's post on X, which acknowledged the cryptocurrency. This sparked excitement among investors and the DOGE community.

Musk's post was a response to Donald Trump's suggestion of naming him for an advisory role or cabinet job if elected, further bolstering Musk's popularity.

Musk clarified he wouldn't promote crypto but has a soft spot for Dogecoin. This led to a 9.3% recovery from an August crash, pushing DOGE's price to $0.1056 and market activity up by 50%.

Analysts speculate that DOGE might lead a broader market uptrend, with some suggesting a potential breakout in the near future. Observers suggest the token's price will likely range between $0.085 and $0.11 in the coming months.

Source: www.newsbtc.com ↗

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