Dogecoin (DOGE), the most valuable meme token in the crypto money market, has been on the rise with the Elon Musk-Twitter deal being talked about again.
Elon Musk, the richest person in the world It is known that the social media giant wants to buy Twitter. According to Bloomberg’s October 4 report, Elon Musk values Twitter at $54.20 per share, as in the past.
When the billionaire first started his ventures, progress was made due to the disagreement between the parties, but there are still unresolved problems had been said.
With the emergence of allegations that Elon Musk will retake the social media company, DOGE, which Elon Musk is an investor, close to 10% experienced a rise.
In the last 24-hour period, the cryptocurrency market has not been relatively bullish, but DOGE has Upward performance of nearly 6% showed.
Dogecoin Technical Analysis
Among the most valuable cryptocurrencies CoinGecko has made 10. approximately DOGE 8.5 billion dollar market value. 0.05 DOGE, which finds support from the levels of 200 days moving is well below the average.
If its rise continues, DOGE will first 0.073 to dollar levels 0.09 dollar is expected to rise.
However, if there is a negative situation in the deal or in the crypto money market, DOGE will declare that its rise has started. $0.05 levels may decrease. With the loss of support at these levels, it is thought that the cryptocurrency may seek new lows.
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