- On Wednesday, the Dogecoin price won 0.30%, approaching the level of $ 0.26.
- The slight resumption of DOGE coincided with the news that Elon Musk plans to collect funds for the social media X with an evaluation of $ 44 billion.
- The increase in market volumes suggests that DOGE could move forward more as speculative merchants gains in imminent volatility.
Dogecoin Price won 0.30% Wednesday, approaching the resistance of $ 0.26 after four consecutive days of losses. News The reports show that the DOGE markets have been raised by new discussions on investments involving Elon Musk X’s social media society.
Dogecoin (DOGE) signals an optimistic reversal while Elon Musk enters $ 44 billion for investment discussions
Dogecoin jumped Wednesday while Bloomberg reported that Elon Musk’s X was in talks to raise funds to an evaluation of $ 44 billion – the same price as musk paid for Twitter in 2022.
The news sent undulations to the cryptography market, reviving speculations on the potential role of DOGE in the financial ecosystem of X.
The latest X funding push a pivotal moment for the platform, which faced major advertising criticisms and evaluation markers after the acquisition of Musk.
The company’s recovery efforts now seem to gain ground, private investors considering new capital injections.
Musk frequently exploited the private markets to obtain billions for its companies, notably Tesla, SpaceX and its AI Startup, Xai, who seeks would have an assessment of up to $ 75 billion.
Now, with X exploring the financing options, market observers are considering its potential impact on digital assets, in particular Dogecoin.
Dogecoin price action, February 18, 2025
On Wednesday, the Dogecoin price increased by 0.30%. The rally coincided with the reports of Musk financing negotiations, strengthening the length correlation Between his corporate maneuvers and the action of DOGE prices.
Will Elon Musk’s X offer be the prices of Dogecoin?
After several references over the years, Dogecoin has become a speculative asset so that investors hide for or against Elon Musk’s business movements.
Based on the overvoltage of Dogecoin prices as a result of current reports, traders can provide that any expansion of X’s financial infrastructure could actually extend the usefulness of Doge.
In particular, in March 2024, X Payments LLC – The financial branch of X – secured three additional driver in additional silver issuer, Oregon and Illinois, bringing its total to 22 approved states.
These licenses allow X to facilitate money transfers, similar to Paypal and Venmo.
Given the history of Musk as a former CEO of Paypal, he knows the navigation in the regulatory landscape of digital payments.
Musk’s ambition to transform X into an “application everything that” has long included a payment component, although regulatory control has slowed the implementation.
However, with the change in regulatory feelings and the close ties of Musk with the Trump administration, speculation mounts that X could soon deploy financial services.
If X makes you advance with a payment system, many expect Dogecoin to play a role, given the repeated mentions of Musk and its historic association with its companies.
This perspective has positioned DOGE as a speculative bet on the future of the Payments of X.
Dogecoin price forecasts: DOGE could target a rally of $ 0.50
If Elon Musk adopts Doge as official cryptocurrency For X, daily transactions on the network could potentially double, inevitably resulting in prices.
However, the technical indicators highlight the main road dams to live before an attempted viable breakthrough of $ 0.50.
As we can see below, Dogecoin (Doge) has early signs of a bullish reversal, with a price for flirting with key resistance levels.
The daily graph shows that DOGE is negotiated at $ 0.252, having won 0.30% in the current session.
In particular, the price oscillates near the Bollinger middle band at $ 0.265, a critical resistance level which, if it were raped, could open the doors for a prolonged rally to $ 0.30.
Dogecoin price forecasts | Dogeusd
On the bearish side, DOGE remains capped under the upper Bollinger strip at $ 0.306, a major supply area.
The recent price action shows a failed attempt to exceed this level, which suggests that sellers remain active.
If DOGE does not resume $ 0.265, a rejection could send it falling to the Bollinger band support less than $ 0.225, invalidating the upward configuration and delaying any attempted escape around $ 0.50.