Can Dogecoin Price Hit $10 As Elon Musk Signals Truce With Trump?
The post Can Dogecoin Price Hit $10 As Elon Musk Signals Truce With Trump? appeared on BitcoinEthereumNews.com. Billionaire Elon Musk, self-proclaimed as “DOGE Father”, publicly hinted at a truce with Donald Trump, gaining market attention. At the same time, Dogecoin (DOGE) price traded higher, crossing above the $0.2 resistance before slightly declining. Consequently, this has stirred market speculation about a potential breakout for the top meme coin. DOGE Father Suggests Reconciliation with Trump, Dogecoin Price to React? Elon Musk posted a statement on X (formerly Twitter) addressing his previous comments about former U.S. President Donald Trump. In his post, Musk stated: “I regret some of my posts about President Donald Trump last week. They went too far.” The X post has quickly gained traction, with many likes and millions of views recorded within the initial hours. Additionally, Musk’s acknowledgement came after a period of online friction between the two public figures. Critical posts from Musk circulated widely. Notably, the timing of the tweet coincides with increasing attention on cryptocurrency markets, particularly Dogecoin price. Musk has publicly supported the meme coin over the years, earning the nickname DOGE father. Important to note, Elon Musk led the Department of Government Efficiency (D.O.G.E.) in the Trump administration for a few months before resigning. The acronym of the agency has a close resemblance to that of the meme coin, and hence the impact. Dogecoin Volume Data Indicates Cooling Accumulation Meanwhile, on-chain analytics from CryptoQuant revealed that Dogecoin price recent bottom coincided with a cooling phase in spot volume. A volume bubble map indicated green signs, which implied that the accumulation activity took place at not very high trading levels. These conditions frequently a precursor to price actions as more holders become exposed when the market is still reserved. Dogecoin Chart Source: CryptoQuant In the past, comparable cooling periods have signaled the start of the previous upward trends in Dogecoin price. In…
The post Can Dogecoin Price Hit $10 As Elon Musk Signals Truce With Trump? appeared on BitcoinEthereumNews.com.
Billionaire Elon Musk, self-proclaimed as “DOGE Father”, publicly hinted at a truce with Donald Trump, gaining market attention. At the same time, Dogecoin (DOGE) price traded higher, crossing above the $0.2 resistance before slightly declining. Consequently, this has stirred market speculation about a potential breakout for the top meme coin. DOGE Father Suggests Reconciliation with Trump, Dogecoin Price to React? Elon Musk posted a statement on X (formerly Twitter) addressing his previous comments about former U.S. President Donald Trump. In his post, Musk stated: “I regret some of my posts about President Donald Trump last week. They went too far.” The X post has quickly gained traction, with many likes and millions of views recorded within the initial hours. Additionally, Musk’s acknowledgement came after a period of online friction between the two public figures. Critical posts from Musk circulated widely. Notably, the timing of the tweet coincides with increasing attention on cryptocurrency markets, particularly Dogecoin price. Musk has publicly supported the meme coin over the years, earning the nickname DOGE father. Important to note, Elon Musk led the Department of Government Efficiency (D.O.G.E.) in the Trump administration for a few months before resigning. The acronym of the agency has a close resemblance to that of the meme coin, and hence the impact. Dogecoin Volume Data Indicates Cooling Accumulation Meanwhile, on-chain analytics from CryptoQuant revealed that Dogecoin price recent bottom coincided with a cooling phase in spot volume. A volume bubble map indicated green signs, which implied that the accumulation activity took place at not very high trading levels. These conditions frequently a precursor to price actions as more holders become exposed when the market is still reserved. Dogecoin Chart Source: CryptoQuant In the past, comparable cooling periods have signaled the start of the previous upward trends in Dogecoin price. In…
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