Elon Musk’s Influence on Dogecoin Prices Remains Limited

Elon Musk's Influence on Dogecoin Prices Remains Limited

While composing this article, Elon Musk published several Dogecoin-related posts. However, Dogecoin (DOGE) showed minimal price fluctuation. Previously, Musk had sparked significant Dogecoin price increases by establishing D.O.G.E., a department intended to balance government spending. Currently, updates regarding this department do not have an immediate impact on the price.

Dogecoin and CEEK Coin

During the preparation of this article, Musk stated, "DOGE is inevitable." Subsequently, a visual featuring Dogecoin's mascot was shared on the official Department Of Government Efficiency Community account. Despite this, Dogecoin's price remains stagnant. Similar indirect posts previously had substantial effects on price movements.

Price Predictions for CHZ and BONK Coin

CHZ Coin's recent price movements align with our previous predictions. It has adhered to the indicated levels, demonstrating expected fluctuations. With closures above $0.07, the anticipation of targeting the parallel channel's resistance has been realized, along with the recovery of $0.0856 and $0.0952 thresholds.

In the near future, CHZ bulls may intend to establish $0.1127 as support. Upon success, they will likely target $0.3 and beyond, reaching for the 2024 peak of $0.1661. Enthusiasm surrounding leagues and tournaments concluding next year is expected to sustain this momentum.

Lastly, we analyze BONK Coin. Continuous rises during this period are improbable. BONK Coin reached a peak of $0.00006205 and currently holds $0.00004518 as support. This level is critical, and short-term profit-seekers may liquidate positions if it dips below this point. Risks are present for jumpfun due to the SOL Coin ecosystem.

In the worst-case scenario, BONK Coin's price may decline to $0.00003413 and $0.00002914 due to potential Solana ecosystem disruptions. Conversely, it may strive to surpass its all-time high (ATH). However, significant declines after an ATH should not be unexpected.