- Dogecoin is gaining momentum with a 3D chart breakout and approaching key levels supported by technical trends.
- Elon Musk and Vivek Ramaswamy launch Dogecast to promote government efficiency and discuss DOGE-related updates.
Dogecoin (DOGE) has been rising slowly after a significant breakout on the 3D (days) chart, which caught the attention of crypto analyst Javon Marks.
Marks claims that the meme coin has surged over +555% (>6.54X) and is currently near a major target of $0.50874. Brands tweeted“With alternative trends and breakouts pointing upwards, we could see this target pushed and exceeded well above.”
Towards $0.3934 at the time of writing, DOGE has gained 1.91% in the last 24 hours and 180.73% over the last 30 days. While many are speculating on the long-awaited $1 level for Dogecoin During the next bull run, the $0.50 mark not only marks a psychological milestone, but also a possible basis for more bullish momentum. Market analysts say DOGE could outperform even the most optimistic predictions based on the current price.
Musk and Ramaswamy Amplify DOGE Buzz With New Podcast Initiative
To further intensify the buzz, Elon Musk and fellow entrepreneur Vivek Ramaswamy revealed the launch of a new podcast called Dogecast. With updates and information from the recently created Department of Government Effectiveness (DOGE), the podcast aims to educate the public about their efforts to reduce public spending by $2 trillion.
This development supports Musk’s continued relationship with Dogecoin, even as a market manipulation case against him ends. The case was dropped on August 29 following the withdrawal of appeals and requests for sanction from both parties.
Beside this, following the closure of Dogechain.info, developer Mishaboar advised DOGE holders to safeguard their funds before December 31, 2024. As we previously reported noteTargeting gullible consumers, scammers used the shutdown as a basis for phishing campaigns on fake websites like Dogechain.com.