Elon Musk Cryptocurrency Dogecoin Price Prediction

Dogecoin Price Prediction as Elon Musk Suggests He Might Footstep Downwardly as Twitter CEO – Here are DOGE Levels to Expect Out For

DOGE could autumn back to its September/Oct range. Source: TradingView

Elon Musk might soon be stepping down equally the CEO of Twitter and, judging by Dogecoin’south price activity on Monday, the news isn’t going downward well. DOGE, the token that powers the decentralized dog meme-inspired Dogecoin blockchain payments network, was last down simply shy of two.0% on Mon nigh $0.077 and eyeing a retest of last Friday’south lows in the $0.074 area. Cost predictions for the cryptocurrency remain downbeat, with DOGE currently down close to xxx% on the month.

DOGE eyes key support area. Source: TradingView

Traders are eying a retest of Nov’due south double bottom lows in the $0.07 area, which as well coincides with the cardinal 78.6% Fibonacci retracement level dorsum from the November highs nigh $0.16 to the annual lows simply under $0.05. DOGE had pumped dorsum in late October through to early November on hopes that Musk might implement Dogecoin into a future Twitter payments system.

Price Prediction – Where Next For DOGE?

If Musk does stride down as Twitter CEO, that doesn’t mean an end to his influence over the company. He will even so exist its owner. In that regard, the Dogecoin customs won’t yet lose hope that their cryptocurrency might find itself part of a time to come Twitter payments ecosystem. But whatever such hope isn’t evident in DOGE’due south price action on Monday, with the cryptocurrency threatening a break below support in the $0.07 area, which could trigger a drib back into the $0.055-$0.068ish range that had been in play during September and virtually of October.

DOGE could autumn back to its September/Oct range. Source: TradingView

But looking at DOGE over a longer time horizon, things don’t look so bad. During the late October surge, Dogecoin broke above a key long-term downtrend. Dogecoin bulls will exist hoping that if there is a brusque-term dip dorsum to the $0.05 area, this could form a longer-term lesser ahead of a button back to record highs in 2023.

Longer-term Dogecoin technicals still look good. Source: TradingView

Musk to Stride Downward equally Twitter CEO

Over the weekend, Elon Musk asked Twitter via a poll whether he should step down as the head of the social media visitor. “I will bide past the results of this pole”, he said. The poll closed with 57.v% of votes saying yes and 42.5% no.


Musk has a history of constant by the results of of import Twitter polls that he conducts, such as one when he asked whether he should sell $10 billion in Tesla stock and another when he asked whether he should purchase Twitter. The suggests that Musk volition before long step down as the CEO of the company. Some twitter users speculated that Musk already has a replacement lined up and had already been planning on leaving.



Tesla, of which Elon Musk is also CEO, has seen its share cost underperform in recent weeks since Musk’due south Twitter takeover on fears that Musk is distracted. TSLA shares had been up as much as iii.0% in earlier Mon trade on optimism that a Musk resignation would hateful more focus returning to the electrical automobile maker, just shares have since handed back virtually of these gains.

Musk’s Recent Twitter Controversies

Musk’s recent actions equally Twitter CEO take attracted pregnant criticism and ire in recent days and may accept something to do with his decision to poll Twitter users equally to whether he should proceed as CEO. A few days agone, a series of journalists were banned from the platform for allegedly violating a new Twitter anti-doxxing policy later sharing the whereabouts of Musk’south private jet.

After facing heavy criticism over the move, Musk reinstated the journalists post-obit after asking Twitter users via a poll as to whether they should be reinstated or not. Meanwhile, Musk has also received meaning criticism over a move to ban users from promoting competing platforms such every bit Facebook, Instagram, and Mastodon.

Altcoins Offer Quicker Returns

Cryptocurrencies have been trading sideways for a few weeks now, leading some traders to outset looking at alternatives with more potential in the short term. Listed below are some of the leading presales in the market, assuasive investors to get in on the ground flooring.

FightOut (FGHT) – Presale Launches

FightOut, a brand-new move-to-earn (M2E) fitness application and gym chain that seeks to bring the fitness lifestyle into web3, has opened its pre-auction and investors think the projection could transform the existing web3 M2E landscape. While existing M2E applications such every bit STEPN only runway steps and crave expensive non-fungible token (NFT) buy-ins to take part, FightOut takes a more holistic approach to tracking and rewarding its users for their practice and activity, and doesn’t require whatsoever expensive purchase-ins to accept part.

FightOut’south FGHT tokens are currently selling for 60.06 per 1 USDT, and interested investors are encouraged to move fast to secure their tokens, with the pre-sale having already raised over $2.xv million in just a few days. FGHT is the token that will power the FightOut crypto ecosystem.

Visit FightOut Now

Nuance 2 Trade (D2T) – Presale Enters Last Stage

Those interested in investing in a promising crypto trading platform start-up should look no farther than Dash 2 Trade. The up-and-coming analytics and social trading platform hopes to take the crypto trading space past storm with its host of unique features.

These include trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert organisation and a strategy dorsum-testing tool. Nuance ii Merchandise’due south ecosystem volition be powered by the D2T token, which users will need to buy and hold in order to access the platform’s features.

Dash ii Trade is currently conducting a token pre-sale at highly discounted rates and sales recently surpassed $10.xviii meg. The pre-sale dashboard is going to be released soon, with the development squad currently running alee of schedule. Tokens are currently selling for $0.0533 each and will be listed on multiple centralized exchanges in effectually one month.

Visit Dash 2 Trade here

Calvaria (RIA) – Last Presale Stage Now

Major blockchain-based games like Axie Infinity lost meaning traction in 2022. Every bit a event, many investors interested in the crypto gaming infinite are looking for alternative avenues. Calvaria, an upward-and-coming play-to-earn battle card crypto game, could exist a expert alternative. Calvaria seeks to heave crypto adoption past creating a bridge between the real world and crypto, a fun and attainable crypto game.

Investors should consider Calvaria’s RIA token pre-sale. Calvaria has now raised $two.49 million, with a crypto whale scooping upwards $97.5K in i purchase earlier this calendar month. The presale is in the final stage, with simply twenty% of tokens left.

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Source: https://cryptonews.com/news/dogecoin-price-prediction-as-elon-musk-suggests-he-might-step-down-as-twitter-ceo-here-are-doge-levels-look-out-for.htm

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