Dogecoin Breaking News | New Dogecoin Move from Elon Musk! Dogecoin Analysis | Adpanel Coin

Original author：Emre Arslan

Original source：https://www.youtube.com/embed/8SR-HDbx3Wc

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Dogecoin's price is rising after the Department of Government Efficiency led by Elon Musk started displaying the coin's logo on its official website. This news created a wave of speculation that caused the Doge to test important resistance levels, and traders are assessing the sustainability of this momentum.
This caught the attention of the department run by Elon Musk, a long-time Doge supporter. Also, during Trump's oath ceremony yesterday, Musk said, "We are taking the Doge to Mars."
This isn't the first time Musk has replaced the logo of a major platform with Doge. In the past, Twitter replaced its iconic blue bird logo with the Doge symbol for a few hours.
The Ichimoku Cloud chart for Doge shows a mixed trend. Currently, the price is below the blue Conversion Line and the red Baseline, indicating a short-term bearish trend. However, it remains above the green cloud, indicating that Doge price is in a broader uptrend despite the recent pullbacks.
The cloud ahead is thinning and the green color indicates potential support levels in the near term. If the price can regain the Conversion Line and the Baseline, it may attempt a recovery. Otherwise, a drop below the green cloud could break an important support zone, signaling a bearish trend.
If Doge proves that the current uptrend is strong, it could test the $0.39 resistance. A break of this level could pave the way for more gains with the next target at $0.41.
A successful breach of $0.41 could push the Doge price higher and reach the $0.43 range with momentum from recent positive news.
However, if the recent momentum fades, the trend could reverse and Doge price could test the $0.34 support. A loss of this important level could accelerate the downtrend and the next major support could be found at $0.30.


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