Is Dogecoin Backed By Elon Musk Preparing For The Rise? Popular Analyst Commented!

Tesla CEO Elon MuskPopular meme token supported by Dogecoin (DOGE) It is quite far from the ATH it reached in the bull rally in 2021.

Strong whale movements and Elon Musk’s Twitter payments in this rise of Dogecoin, which has recovered around 40% since the rally that started in 2023. dogecoinThere are expectations to use .

Popular cryptocurrency analyst as activity continues in Dogecoin Rekt Capital, He said DOGE has emerged from the falling wedge pattern on the weekly chart.

In this context DOGEStating that , successfully retested the top of the falling wedge as support, the analyst predicted that Dogecoin price is technically in a good upside position.

“Dogecoin also seems to have successfully retested the top of the Falling Wedge as support to fully confirm the breakout.

Technically, DOGE is well positioned for the uptrend.

Now it’s all about tracking.”

$DOGE has broken out from its Falling Wedge#DOGE also appears to have successfully retested the top of its Falling Wedge as support, to fully confirm the breakout

Technically, DOGE is well-positioned for upside

Now it’s all about follow-through#BTC #Crypto #dogecoin https://t.co/1YJvK9RkZR pic.twitter.com/AjDaM7s2XQ

— Rekt Capital (@rektcapital) February 6, 2023

Ranked ninth by market value dogecoin It has fallen by 0.42% in the last 24 hours, trading at $0.0912 at the time of writing.

*Not investment advice.