• Trending
  • Comments
  • Latest
FBI nabs Nigerian ‘tech queen’ Sapphire Egemasi in multi-million dollar fraud scheme

FBI arrests Nigerian ‘tech queen’ Sapphire Egemasi in $1.3M heist targeting U.S. government

06/05/2025 - Updated On 06/17/2025
Bitcoin ETF Flows surge as Fidelity, ARK & BlackRock attract $667M in one day

Bitcoin ETF Flows surge as Fidelity, ARK & BlackRock attract $667M in one day

05/20/2025
Just In: LastPass Hackers Strike Again Ahead of Christmas, Losses Near $45M

New York Post X account hacked in high-profile breach, triggers cybersecurity scrutiny

05/05/2025
Polygon Discord Channel Hacked, Throws Crypto Community in Turmoil

Polygon Discord Channel Hacked, Throws Crypto Community in Turmoil

2

Hello world!

1
Peter Brandt Warns of Major Ethereum (ETH) Crash to $1,651 in Latest Ethereum (ETH) Price Prediction

Ethereum Merge Fades: Supply Surge May Lead to Price Dip, Expert Warns, as ETF Hype Loses Steam

1
create a landscape image illustrating this with pictures, not texts. Use a real human figure and make the entire composition look real. Make it different from the last image:

Jupiter Exchange hits pause on DAO voting until 2026 to accelerate DeFi dominance

06/20/2025
16 billion login credentials leaked in unprecedented breach—Apple, Google at risk

16 billion login credentials leaked in unprecedented breach—Apple, Google at risk

06/20/2025
Exposed: How North Korean hackers crushed crypto defences with strategic PylangGhost scam

Exposed: How North Korean hackers crushed crypto defences with strategic PylangGhost scam

06/20/2025
  • Trending
  • Comments
  • Latest
FBI nabs Nigerian ‘tech queen’ Sapphire Egemasi in multi-million dollar fraud scheme

FBI arrests Nigerian ‘tech queen’ Sapphire Egemasi in $1.3M heist targeting U.S. government

06/05/2025 - Updated On 06/17/2025
Bitcoin ETF Flows surge as Fidelity, ARK & BlackRock attract $667M in one day

Bitcoin ETF Flows surge as Fidelity, ARK & BlackRock attract $667M in one day

05/20/2025
Just In: LastPass Hackers Strike Again Ahead of Christmas, Losses Near $45M

New York Post X account hacked in high-profile breach, triggers cybersecurity scrutiny

05/05/2025
Polygon Discord Channel Hacked, Throws Crypto Community in Turmoil

Polygon Discord Channel Hacked, Throws Crypto Community in Turmoil

2

Hello world!

1
Peter Brandt Warns of Major Ethereum (ETH) Crash to $1,651 in Latest Ethereum (ETH) Price Prediction

Ethereum Merge Fades: Supply Surge May Lead to Price Dip, Expert Warns, as ETF Hype Loses Steam

1
create a landscape image illustrating this with pictures, not texts. Use a real human figure and make the entire composition look real. Make it different from the last image:

Jupiter Exchange hits pause on DAO voting until 2026 to accelerate DeFi dominance

06/20/2025
16 billion login credentials leaked in unprecedented breach—Apple, Google at risk

16 billion login credentials leaked in unprecedented breach—Apple, Google at risk

06/20/2025
Exposed: How North Korean hackers crushed crypto defences with strategic PylangGhost scam

Exposed: How North Korean hackers crushed crypto defences with strategic PylangGhost scam

06/20/2025
Saturday, June 21, 2025
  • Login
The Bit Gazette
  • Home
  • News
  • Crypto
  • Expert Analysis
  • Finance
  • Tech
  • Sponsored Articles
  • Contact
No Result
View All Result
The Bit Gazette
No Result
View All Result
Home Crypto

Dogecoin Price Surges by 42% as Elon Musk’s Team Showcases Its Logo

by Davidson Okechukwu
5 months ago
in Crypto, Breaking News
Reading Time: 3 mins read
0
Dogecoin Price Surge Hits New Heights | Photo: Freepik

Dogecoin Price Surge Hits New Heights | Photo: Freepik

Share on FacebookShare on Twitter

Dogecoin Price Surged by 42% following Elon Musk’s Department of Government Efficiency features the DOGE logo prominently on its official website. This unprecedented move by Musk, a long-time DOGE supporter, has sent shockwaves through the crypto community.

The Dogecoin price surge was further fueled by Musk’s bold statement during Trump’s inauguration, where he proclaimed, “We are taking DOGE to Mars.”

This surge has driven Dogecoin to test significant resistance levels, raising questions about the sustainability of this momentum. Traders are closely watching the market to determine whether this Dogecoin price surge will hold or fade.

Musk’s Influence Behind the Dogecoin Price Surge

The Dogecoin price surge stems largely from Elon Musk’s continued advocacy for the meme coin. The Department of Government Efficiency, led by Musk, recently featured the DOGE logo on its homepage, sparking speculation and optimism among DOGE enthusiasts.

DOGE Ichimoku Cloud. Source: TradingView
DOGE Ichimoku Cloud. Source: TradingView

This isn’t the first time Musk has boosted Dogecoin’s profile. Previously, he temporarily replaced Twitter’s iconic blue bird logo with the DOGE symbol, showcasing his commitment to the cryptocurrency. His latest gesture has reignited bullish sentiment, pushing Dogecoin’s price to new highs.

Technical Metrics: Is the Dogecoin Price Surge Sustainable?

While the Dogecoin price surge appears promising, technical analysis suggests mixed signals about its long-term sustainability.

Ichimoku Cloud Analysis:
The Ichimoku Cloud indicates short-term bearish momentum, with the DOGE price below the blue Conversion Line (Tenkan-sen) and red Base Line (Kijun-sen). However, it remains above the green cloud (Senkou Span A and B), signaling a broader bullish trend.

The thinning green cloud ahead suggests potential support levels, which could help DOGE recover if buying pressure strengthens. A drop below the green cloud, however, would signal a bearish reversal, breaking key support zones.

Average Directional Index (ADX):
DOGE’s ADX currently stands at 26.2, slightly down from 27.9 earlier. The +DI is at 24.5, while the -DI is at 26.2, indicating selling pressure outweighs buying momentum. This could lead to short-term consolidation or correction.

DOGE DMI. Source: TradingView
DOGE DMI. Source: TradingView

As Dogecoin price surge tests resistance, analysts are focusing on key price levels:

Resistance at $0.415: A successful breach could propel DOGE toward the $0.43 range, fueled by sustained buying momentum.
Support at $0.348: If the momentum fades, DOGE could retest this level. Losing this support may lead to a sharper decline, with the next major support at $0.308.

These levels will play a crucial role in determining whether the Dogecoin price surge can maintain its bullish trajectory.

Community Reaction to the Dogecoin Price Surge

The crypto community has been buzzing since news of the Dogecoin price surge broke. Notable figures have weighed in, highlighting both the opportunities and risks ahead.

DOGE Price Analysis. Source: TradingView
DOGE Price Analysis. Source: TradingView

Crypto analyst Lark Davis tweeted:

“Elon Musk is at it again, pushing DOGE to new heights! But traders should keep an eye on those support levels. This momentum needs strong buying pressure to sustain.”

Meanwhile, Charles Hoskinson, founder of Cardano, offered a cautionary perspective:

“Dogecoin’s price surge is impressive, but relying on single events like this is risky. Sustainable growth requires robust adoption and real-world utility.”

The Dogecoin price surge, driven by Musk’s high-profile endorsement, has captured the attention of investors and traders alike. However, the long-term trajectory depends on several factors:

Sustained Buying Momentum: For DOGE to maintain its gains, buying pressure must outweigh selling activity, as indicated by key technical indicators.
Broader Market Sentiment: DOGE’s price often correlates with overall market trends. A bullish crypto market could support further growth.
Real-World Adoption: Beyond Musk’s influence, Dogecoin’s utility and adoption will play a critical role in its future performance.

Can the Dogecoin Price Surge Continue?

The Dogecoin price surge reflects the power of high-profile endorsements and community enthusiasm. Elon Musk’s actions have once again demonstrated their ability to influence DOGE’s market dynamics.

Dogecoin Price Surge Hits New Heights | Photo: Freepik
Dogecoin Price Surge Hits New Heights | Photo: Freepik

However, the sustainability of this surge hinges on technical factors, market sentiment, and broader adoption. Traders should monitor key support and resistance levels as DOGE navigates this volatile period.

As Musk himself stated, “We are taking DOGE to Mars.” Whether this rally has the fuel to reach such heights remains to be seen.

Dogecoin price surge has ignited optimism, but its future will depend on whether the broader crypto market aligns with this newfound momentum. Get more from The Bit Gazette

Tags: Dogecoin price surge
Share196Tweet123
Davidson Okechukwu

Davidson Okechukwu

Davidson Okechukwu is a passionate crypto journalist/writer and Web3 enthusiast, focusing on blockchain innovation, deFI, NFT ecosystems, and the societal impact of decentralized systems. His engaging style bridges the gap between technology and everyday understanding with a degree in Computer Science and various professional certifications from prestigious institutions. With over four years of experience in the crypto and DeFi space, Davidson combines his technical knowledge with a keen understanding of market dynamics. In addition to his work in cryptocurrency, he is a dedicated realtor and web management professional.

  • Trending
  • Comments
  • Latest
FBI nabs Nigerian ‘tech queen’ Sapphire Egemasi in multi-million dollar fraud scheme

FBI arrests Nigerian ‘tech queen’ Sapphire Egemasi in $1.3M heist targeting U.S. government

06/05/2025 - Updated On 06/17/2025
Bitcoin ETF Flows surge as Fidelity, ARK & BlackRock attract $667M in one day

Bitcoin ETF Flows surge as Fidelity, ARK & BlackRock attract $667M in one day

05/20/2025
Just In: LastPass Hackers Strike Again Ahead of Christmas, Losses Near $45M

New York Post X account hacked in high-profile breach, triggers cybersecurity scrutiny

05/05/2025
Polygon Discord Channel Hacked, Throws Crypto Community in Turmoil

Polygon Discord Channel Hacked, Throws Crypto Community in Turmoil

2

Hello world!

1
Peter Brandt Warns of Major Ethereum (ETH) Crash to $1,651 in Latest Ethereum (ETH) Price Prediction

Ethereum Merge Fades: Supply Surge May Lead to Price Dip, Expert Warns, as ETF Hype Loses Steam

1
create a landscape image illustrating this with pictures, not texts. Use a real human figure and make the entire composition look real. Make it different from the last image:

Jupiter Exchange hits pause on DAO voting until 2026 to accelerate DeFi dominance

06/20/2025
16 billion login credentials leaked in unprecedented breach—Apple, Google at risk

16 billion login credentials leaked in unprecedented breach—Apple, Google at risk

06/20/2025
Exposed: How North Korean hackers crushed crypto defences with strategic PylangGhost scam

Exposed: How North Korean hackers crushed crypto defences with strategic PylangGhost scam

06/20/2025
The Bit Gazette

Copyright © 2025 - The Bit Gazette.

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Crypto
  • Expert Analysis
  • Finance
  • Tech
  • Sponsored Articles
  • Contact

Copyright © 2025 - The Bit Gazette.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?