• Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt
No Result
View All Result
Card Bitcoin
Shop
Card Bitcoin
No Result
View All Result
Home Dogecoin

Crypto Analyst Puts Dogecoin Price As High As $2.4, What Does Elon Musk Have To Do With It?

n70products by n70products
October 31, 2024
in Dogecoin
0
Crypto Analyst Puts Dogecoin Price As High As .4, What Does Elon Musk Have To Do With It?
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter



Este artículo también está disponible en español.

The Dogecoin worth now seems to be prefer it has established support of round $0.17, having rebounded just under it previously 24 hours. With the $0.17 worth degree cleared, the subsequent step is a convincing break above $0.18. Apparently, technical evaluation of the Dogecoin worth suggests a powerful multi-year resistance degree between $0.18 and $0.20.

Technical evaluation utilizing Elliot waves suggests a break above the resistance ranges may open up the trail to a peak of $2.4. Whereas this goal could seem formidable, Dogecoin has attracted renewed popularity and recent price gains, which mirror its means to seize investor curiosity. That is significantly evident in current actions by billionaire Elon Musk, who introduced Dogecoin into the mainstream dialog. 

Crypto Analyst Says Dogecoin To $2.4, Elon Musk A Enormous Issue

Other than the current wider enhance in crypto costs spearheaded by Bitcoin, it’s evident that the present Dogecoin efficiency has additionally been bolstered by Elon Musk and his “Division Of Authorities Effectivity.” 

Associated Studying

In line with an analysis by an analyst that goes by @HovWaves on social media platform X, Dogecoin is prime for a surge to $2.4. As you possibly can think about, reaching this degree would require Dogecoin to draw funding inflows from each nook of investor cohorts. Fortuitously, current occasions have been drawing increased attention to Dogecoin, one in every of which is the presidential election campaigns in the US.

Campaigns have seen the introduction of the Division of Authorities Effectivity by Elon Musk, which is a marketing campaign tactic by Republican candidate Donald Trump to chop $2 trillion in federal spending. Though seemingly unrelated to cryptocurrencies, the time period has caught waves amongst Dogecoin traders, particularly because it abbreviates as DOGE, the Dogecoin ticker. Apparently, Elon Musk has fueled this narrative amongst Dogecoin traders by recently posting an image of him alongside the Dogecoin avatar.

As HovWaves famous, all of the speak surrounding the Division Of Authorities Effectivity has made DOGE a family identify in current weeks. This surge in curiosity is mirrored within the Dogecoin worth, which has elevated by 60% since October 1.

Dogecoin’s Timeline To Reaching $2.4

In line with technical evaluation utilizing the Elliot Wave concept, Dogecoin is presently on the third impulse wave, a section recognized to be massively bullish. This bullish pattern has seen Dogecoin on its method to breaking above a major resistance level, which HovWaves highlighted to be just under $0.18.

Associated Studying

A profitable breakout of the resistance degree would open up the stage for Dogecoin to retest its 2024 excessive of $0.22. A subsequent break above this excessive would ship it in direction of its all-time excessive of $0.73 in Could 2021. With sufficient momentum, HovWaves predicted Dogecoin would finally settle at a worth goal within the $1.9 to $2.9 confluence space by July 2025.

Dogecoin price
Supply: X

On the time of writing, Dogecoin is buying and selling at $0.1725. A break in direction of $1.9 and $2.9 would mirror 1,000% and 1,585% features, respectively.

Dogecoin price chart from Tradingview.com
DOGE worth begins one other restoration | Supply: DOGEUSDT on Tradingview.com

Featured picture created with Dall.E, chart from Tradingview.com



Source link

Tags: AnalystCryptoDogecoinElonhighMuskPricePuts
Previous Post

‘Satoshi Nakamoto’ says he also designed the Twitter logo

Next Post

Top Trader Says Layer-One Blockchain Gearing Up for SUI-Style Run After Parabolic Impulse

Next Post
Top Trader Says Layer-One Blockchain Gearing Up for SUI-Style Run After Parabolic Impulse

Top Trader Says Layer-One Blockchain Gearing Up for SUI-Style Run After Parabolic Impulse

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Product categories

  • Bitcoin Book
  • Bitcoin Coin
  • Bitcoin Hat
  • Bitcoin Merch
  • Bitcoin Miner
  • Bitcoin Miner Machine
  • Bitcoin Shirt
  • Bitcoin Standard
  • Bitcoin Wallet
  • Products
  • Uncategorized

Related News

Ethereum (ETH) Eyes ,000: Data Suggests Imminent Breakout

Ethereum (ETH) Eyes $3,000: Data Suggests Imminent Breakout

September 1, 2024
Ethereum Is Crypto’s ‘Most Cursed’ Coin—What’s Haunting It?

Ethereum Is Crypto’s ‘Most Cursed’ Coin—What’s Haunting It?

January 18, 2025
Coinbase CEO Brian Armstrong Says US Economy Wins if Stablecoin Laws Allow Users To Earn On-Chain Interest

Coinbase CEO Brian Armstrong Says US Economy Wins if Stablecoin Laws Allow Users To Earn On-Chain Interest

April 2, 2025

Recents

Uptick in XRP Whale Accumulation Could Catalyze Price Rally to

Uptick in XRP Whale Accumulation Could Catalyze Price Rally to $4

July 28, 2025
Powell, tariffs, and BTC: The perfect storm for Bitcoin’s next big move?

Powell, tariffs, and BTC: The perfect storm for Bitcoin’s next big move?

July 28, 2025
Dems Want Answers On Plan To Consider Crypto For Mortgages

Dems Want Answers On Plan To Consider Crypto For Mortgages

July 28, 2025

CATEGORIES

  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • NFTs
  • Regulations
  • XRP

BROWSE BY TAG

Altcoin ALTCOINS Analyst Binance Bitcoin Bitcoins Blog Breakout BTC Bullish Bulls Coinbase Crash Crypto DOGE Dogecoin ETF ETH Ethereum Foundation Heres high Key Level Major Market Memecoin Move Outlook Predicts Price Rally Report Ripple SEC Solana Support Surge Target Top Trader Trump Updates Whales XRP

© 2024 Card Bitcoin | All Rights Reserved

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • DeFi
  • Dogecoin
  • Ethereum
  • Market & Analysis
  • More
    • NFTs
    • XRP
    • Regulations
  • Shop
    • Bitcoin Coin
    • Bitcoin Hat
    • Bitcoin Book
    • Bitcoin Miner
    • Bitcoin Standard
    • Bitcoin Miner Machine
    • Bitcoin Merch
    • Bitcoin Wallet
    • Bitcoin Shirt

© 2024 Card Bitcoin | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
💳 The Smartest Bitcoin Card Is Almost Here! Spend crypto anywhere, earn up to 8% cashback, and unlock exclusive early-bird bonuses. 🚀 Coming soon — don’t miss your chance to save big!
Coming Soon
This is default text for notification bar
Learn more
Go to mobile version