Dogecoin Price Prediction as Elon Musk Launches Fragrance Accepting DOGE Payments
Disclaimer: The Industry Talk section Features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Elon Musk, the billionaire industrialist and Dogecoin enthusiast, has launched a new fragrance that can be purchased using Dogecoin. Can this be the catalyst for DOGE’s jump, especially with the market's bear run? DOGE Price Movement DOGE, one of the best meme coins, has been bearish for the past few days. The digital asset currently trades at $0.06045. Although DOGE has pumped by 0.38% in the past 24 hours, its weekly price peg indicates a downtrend of 7%. DOGE’s technicals show that the crypto asset currently trades above all of its short-term moving average (MA) indicators; however, its 100-day and 200-day MAs ($0.06070 and $0.0609) are above its current price. With a positive moving average convergence divergence (MACD), DOGE indicates a buy signal. In addition, the crypto asset 's relativ...