IS IT TIME FOR A RISE IN ELON MUSK'S BELOVED ALTCOIN?

IS IT TIME FOR A RISE IN ELON MUSK'S BELOVED ALTCOIN?

...


Elon Musk's favorite cryptocurrency, the DOGE, is in good shape. After falling to $ 0.0014 in mid-March, altcoin managed to rise as high as $ 0.0027 before dampening its upward channel and losing momentum.

Despite being on the Up channel, since the end of April, it has been trading horizontally between $ 0.0023 and $ 0.0026. The MACD for Altcoin is still above 0, but on the daily scale the MACD line was crossed by the signal line on May 10 and is now heading downwards.

Dogecoin may be as low as 33 on the cryptocurrency ladder, but Elon Musk's legacy as a favorite allows him to tap into trading platforms. Robinhood, the crypto-trading app that received $ 280 million in Series F funding in May 2020, listed Dogecoin with high-end cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ethereum Classic.


Source