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Dogecoin Rises 3.68% After Musk and Trump Tweets

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by Giorgi Kostiuk

6 hours ago

On September 28, 2024, Dogecoin experienced a 3.68% price increase after tweets from Elon Musk and Donald Trump, igniting interest among investors.

Price Growth Following Tweets

The price of Dogecoin surged significantly after Elon Musk's tweet featuring Donald Trump, highlighting the Shiba Inu symbol. This incident drew considerable attention from both media and cryptocurrency investors.

Impact of Major Purchases on the Market

The market saw a reported purchase of 1.5 billion DOGE by a single entity, which was a key factor in the price increase. The actions of large investors, known as cryptocurrency whales, highlight their significance in price dynamics.

Potential Resistance Levels

Reports indicate that Dogecoin may encounter resistance at the $0.15 level. A breach of this level might signal new market trends influenced by major industry figures.

Overall, the engagement of Elon Musk and Donald Trump on social media platforms continues to have a significant impact on the Dogecoin market, creating conditions for potential price volatility.

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