Elon Musk shared an ambitious Doge target to cut US federal expenditures. After this development, an expert foresees a rally for breast coin. However, the expert said he should clean two important resistance levels to reach this level.
Dogge price fell, but the expert continues to rise!
Kriptokoin.comAs you have followed from the Dogecoin price today has been traded in red today. However, he watched close to the horizontal line with $ 0.3281. The one -day transaction volume decreased by 35 %to $ 1.27 billion. In particular, the breast coin has watched between $ 0.3381 and $ 0.3258 in the last 24 hours. In addition, the Dogge -term transactions open interest rates decreased by 1.2 %, reflecting the cautious atmosphere in the market. Meanwhile, Elon Musk, an active supporter of breast Coin, recently shared targets for Dogge. This fueled market debates even more.
In addition, a market expert continues to rise in Dogecoin. In an recent X post, Market Analyst Rose Premium Signals envisaged a significant domestic price increase. According to the expert, the Doge Fibonacci is prepared for a strong return after testing support zones. The expert foresees that a leap confirmed at the current level can push Diege towards three potential targets: $ 0.49784, $ 0,58185 and $ 0,66228. This will point to an important rally in which the highest target represents an increase of approximately 100 %of existing prices.
Source: Rose Premium SignalsIn addition, Rose Premium Signals says that historical models may be preparing for another explosive rally of Doge and reflects the reputation of the crypto currency on volatility. In particular, on an earlier prediction, another market expert pointed out a 900% potential dog rally, which attracted a significant interest from investors.
Elon Musk Doge shared its target
Elon Musk recently shared ambitious targets for the Government Efficiency Department, which aims to reduce the US federal deficit from $ 2 to $ 1 trillion by 2026 to $ 2026. The suggestion includes an average deduction of 4 billion dollars per day for expected expenditures. While the plan focused on reducing inflation, Dogecoin has unintentionally led to optimism among its investors. The reason for this is that “Dogge”, which is the abbreviation of the department and has a striking similarity to the breast coin’s ticket symbol.
How will Musk’s plan affect the price of Dog?
Elon Musk’s proximity to Dogecoin was well caused by the previous social media shares often affecting the price of Coin. As a result, it is possible that any development related to the department will affect the investor sensitivity and then the price of Dogecoin. However, it should be noted that the connection between the targets of the department and the price of Dogecoin may look weak. However, Elon Musk’s participation enables investors to closely monitor any potential impact on breast coin’s value. At the same time, Musk recently asked the founder of Dogecoin to join the Government Efficiency Department (Doge), which fired market speculation even more.
For the context, Elon Musk’s X Money recently fueled the launch speculation by establishing a partnership with Visa, while the price of the Dogecoin rose. Given the increasing popularity of digital assets under Donald Trump, it is seen that investors expect the potential integration of Dogecoin, Bitcoin or other crypto currencies into X Money.
