Dogecoin (DOGE) suddenly jumps, here's what might trigger further growth DOGE $DOGE Dogefam DogeArmy Dogecoinrise
Dogecoin enjoyed attention this week as Burger King UK flirted with the dog-themed coin. As reported, Burger King UK tweeted,"Trying to convince my manager to let me have an office doge" while earlier it made a rather unusual request in reaction to a crypto user's tweet,"We need doge."
Elon Musk, the CEO of Tesla, requested on Friday that a U.S. court dismiss a $258 billion racketeering lawsuit that accuses him of operating a pyramid scheme to support the cryptocurrency Dogecoin. In a footnote, the attorneys also rejected the assertion of claims that Dogecoin met the criteria for securities.According to crypto analyst Ali, Dogecoin appears to be forming an ascending triangle on its 12-hour chart.
He urges traders to watch out for a candlestick closing above the 200 EMA , which might trigger a 20% upswing for DOGE toward $0.093. On the other hand, he notes that a sustained drop below $0.072 could serve as invalidation for the signal. On the daily chart, the dog-themed cryptocurrency is portraying mixed indications: a bearish crossover of the moving averages coupled with a positive daily RSI might suggest that Dogecoin's price action might weigh in favor of either bulls or bears in the coming days.
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