TL; D
- Despite the rumors and prediction that Doug, led by musk, may use the Mimi currency, the billionaire refuted the claims on Sunday evening.
- While such a statement made by the most famous Doug supporter can harm the original, some technical aspects indicate that there may be some gains in the corner or lower.
Do not use it to use
During the Trump’s presidential campaign last year, it was one of the pioneering promises he made to him and the people close to him, in this case Elon Musk, was the establishment of a government ministry “that would determine and eliminate government government spending, with the aim of reducing federal expenses by a trillion dollars.”
Its name, the Ministry of Governmental efficiency (DOGE), and the role of Musk leading to the tremendous excitement in the Meme Coin community. Moreover, people began to predict that Dogecoin will be used in the end in a form and that it will benefit from the similarity of the name.
Rumors were provided by adding the Meme Coin logo to the Doge website on the web, one day after Trump’s inauguration. All this noise resulted in a large gathering of Dogecoin, with a price of $ 0.14 before the elections to a multi -year peak at $ 0.48 a month.
However, DOGE has failed to maintain its operation and decreased by more than 60 % since the January $ 0.42 summit, as it is now struggling at $ 0.163.
What could be worse for the price movements coming from Dog is the fact that Musk refuted the above rumors on Sunday. He speaks at a meeting in the city hall in Wisconsin, CEO of Tesla He said The government has no plans to use Dog in any way.
“It coincides with similar names, but in reality, we literally try to make the government more efficient by 15 %.”
The end or not?
Musk’s statement can be considered as a major blow to the aspirations of Dogoin Bull, especially since the original is far from the peak of this session. However, there are some positive signs on the technical side of things, as they put them on Martinez.
The analyst noticed that the TD sequence to publish A purchase signal on the weekly graph added that as long as the price of Dog remains higher than the lower limits of the channel published below, it may have another increase.
#DogeCoin $ Doge Continue keeping the lower boundaries of this channel. The high demand for demand here can lead to a crowd towards the medium or upper range!
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Ali (ali_charts) March 30, 2025
Analyst with more than 130,000 x followers as well Advocated This Doge is preparing to try great fluctuations in the following weeks because “anxiety builds among Dogecoin”.
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