Price Dogecoin (DOGE) is growing after the Department of State Efficiency, headed by Elon Musk under the control of Trump, began to show the coin logo on his official website.
This news caused a wave of speculation, pushing the dog to checking key levels of resistance, while traders evaluate the stability of this impulse.
The Department of State Efficiency shows the DOGE logo on its web
Doge Price survived a significant surge after the Department of Government Efficiency showed the coin logo on his official home page.
This attracted the attention of many, since the department is headed by Elon Musk, a long -standing supporter of the Doja. In addition, yesterday, during the inauguration of Trump, Musk mentioned that “we are delivering a rain to Mars.”
This is not the first time MUSK has changed the logo of a large platform to show DOGE. In the past, he replaced the Blue Bird’s cult logo on Twitter with a DOGE symbol for several hours before switching it back.
Metrics show that the ascending trend cannot last long
ICHIMOKU cloud diagram for DOGE shows a mixed trend. Currently, the price below the blue conversion line (Tenkan-Sen) and the red base line (Kijun-Sen), which indicates a short-term bear Impulse. Nevertheless, it is still higher than the green cloud (Senkou Span a and B), which indicates that Doge Price remains in a wider bull tendency, despite the recent rollbacks.
Ahead the cloud is thinner, and the green color signals the potential levels of support in the near future. If the price can restore the conversion line and the base line, it may try to restore. Conversely, a drop below the green cloud can signal the bearish circulation, since it breaks through a significant support zone.
DOGE ADX is currently 26.2, compared with 27.9 a few hours ago.
+DI is 24.5, while -DI is 26.2, which indicates that the pressure of sales slightly overtook the impulse, signaling the potential short -term consolidation or correction.
This shift assumes that although the dog Price initially grew up in the news, the impulse is not so strong.
Nevertheless, with a recent surge due to significant news, a wider mood can remain positive, and restoration can be possible if the pressure intensifies again, a +di moves above -DI.
Price forecast: Can soon reach $ 0.43?
If the current upward DOGE trend is strong, it can check the resistance of $ 0.398. A rupture of this level can make a path for further profit, and the next goal is 0.415 US dollars.
A successful violation of $ 0.415 can lead to an even higher price, potentially reaching a range of $ 0.43, since the impulse is building from recent positive news.
However, if the recent impulse disappears, this trend can change, which led to the fact that Dog Price checks the support of $ 0.348. The loss of this level of the key can accelerate the descending trend, and the next major support is $ 0.308.
