- Dogecoin gains 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 slowly rising following a significant breakout on the 3D (days) chart, which drew the attention of crypto analyst Javon Marks.
Marks claims that the meme coin jumped by more than +555% (>6.54X) and is currently close to a $0.50874 major target. Marks tweeted, “With trends and alternative breakouts pointing to higher, we could see this target pushed and broken well above.”
At about $0.3934 as of writing, DOGE has gained 1.91% over the last 24 hours and 180.73% over the last 30 days. With many speculating about the much-awaited $1 level for Dogecoin’s 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 hopeful forecasts based on the present course.
Musk and Ramaswamy Amplify DOGE Buzz with New Podcast Initiative
To further heighten the buzz, Elon Musk and fellow entrepreneur Vivek Ramaswamy have revealed the start of a new podcast called Dogecast. With updates and insights from the recently formed Department of Government Efficiency (D.O.G.E.), the podcast seeks to raise public knowledge of their $2 trillion government expenditure-cutting effort.
This development supports Musk’s ongoing relationship to Dogecoin even if a case against him of market manipulation comes to an end. The matter was dropped on August 29 following both sides’ withdrawal of appeals and requests for punishment.
Beside that, following the closing of Dogechain.info, developer Mishaboar has advised DOGE holders to backup their funds before December 31, 2024. As we previously noted, targeting gullible consumers, scammers have been using the closure as a basis for phishing campaigns across bogus websites like Dogechain.com.
