Dogecoin Price Pumps 6% After Elon Musk Mentions DOGE Department On Joe Rogan Podcast, But Experts Say Consider This Rival Meme Coin For Mas...

Dogecoin Surges Over 6% After Elon Musk Mentions on Joe Rogan Podcast

Over the past 24 hours, the Dogecoin price has surged by more than 6%, reaching $0.1622 as of 11:24 p.m. EST. This spike follows Elon Musk's recent mention of DOGE during an interview on the Joe Rogan podcast, referring to the potential for a "Department of Government Efficiency" (DOGE) if Donald Trump is elected president. Previous references to Dogecoin by Musk have often led to significant price increases.

Dogecoin Price Poised to Challenge Resistance

On the 4-hour chart, Dogecoin has been exhibiting positive movement and is currently attempting to surpass the $0.1680 resistance level. A 4-hour candle close above this threshold within the next 12 hours could provide the necessary momentum for Dogecoin to rally as high as $0.1921 in the near term.

Conversely, if bears prevent DOGE from breaking above $0.1680 within the next 12 hours, the positive momentum could be halted. This could lead to Dogecoin testing the closest support level at $0.1440, with extreme sell pressure potentially causing a drop to $0.1211.

Technical Indicators Suggest Continued Rise

Technical indicators on DOGE's 4-hour chart suggest that the meme coin may continue its upward trajectory over the next 24 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are indicating bullish sentiment.

The MACD line has crossed above the MACD Signal line, and the gap between the two lines is widening. Traders typically view this crossover as a sign of a positive trend. Additionally, RSI readings have risen above 50 in the last 24 hours, indicating that buyers are in control of the Dogecoin price. The positive slope of the RSI line suggests that bulls are unlikely to ease their pressure on the meme coin's price anytime soon.

Investors Rotate Profits to Memebet Casino (MEMEBET Token)

With technical indicators pointing to a continued rise for Dogecoin, it may be an opportune time for crypto enthusiasts to consider rotating some profits into Memebet Casino (MEMEBET Token). Memebet Token is the first online casino to allow direct wagering in meme coins, providing users with the chance to win big without the need to convert their meme coins to other cryptocurrencies.

In addition to DOGE, players can also wager with other popular meme coins, such as Pepe, on the Memebet Casino platform. Memebet Token offers a wide variety of games, including a no KYC Telegram casino, a global sportsbook, and thousands of other crypto-native games, providing users with a fun and engaging way to potentially grow their meme coin holdings.

Beyond the potential for substantial rewards, experts believe that MEMEBET Token has significant speculative potential. Popular YouTuber ClayBro has expressed his belief that early investors could reap substantial gains once the token launches.

Investors Show Confidence in MEMEBET Token

Investor confidence in the future of MEMEBET Token is evident in the $564K raised through its ongoing ICO. With the potential for significant rewards and bullish predictions from experts, it is understandable why investors are excited about the meme coin.

Anyone can participate in the project by using either bank cards or cryptocurrencies, including ETH, USDT, BNB, and POLY. MEMEBET Token is currently priced at $0.0264, but interested investors should act quickly as the token's price will increase with each subsequent stage of its presale. There are only 3 days remaining until the next price hike.

To purchase MEMEBET tokens, visit their official website.