Can Dogecoin Rise to $0.1 With Elon’s Blessings?
Dogecoin lost its relevance in the market over the past few weeks, but it started gaining traction recently. Consequentially, it managed to secure the third-highest social engagement last week. The same trend is occurring, and DOGE was yet again trending on platforms like Twitter at press time. Source: Twitter On the price front, the largest meme coin was one of the loftiest gainers on Wednesday. Standing at #2, DOGE noted an inclination of 20.58%. In comparison with #1 KLAY, Dogecoin was lagging by a mere 0.21%. Source: CMC On the charts, the asset was trading at levels seen 10 weeks ago in August. It had already surpassed the 50 MA and 100 MA [red, blue] on the daily. However, it was trading slightly below its 200 MA [green], even though it had broken above the same rate earlier during the day. Given such a massive spike in such a short span of time, a retracement can be expected. In fact, the overbought reading of the RSI supported the said narrative. Source: Tradin...