Elon Musk's recent comment on X has triggered reaction from Dogecoin community
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The comment was meant to highlight Dogecoin’s potential as an alternative, decentralized financial solution in a world where traditional banking systems sometimes falter.“Ride or Die” Bitcoin Message Issued by Michael Saylor As BTC Recovers $58,000,"Hmm. you make a good point." This seemingly casual acknowledgment from Musk was enough to trigger a reaction from the Dogecoin community, with many interpreting it as a sign of Musk seeing potential in Dogecoin.
The Dogecoin Foundation is nearing the launch of Dogebox, a drop-in platform for building solutions on top of the Dogecoin blockchain.At the time of writing, Dogecoin was down 1.88% in the last 24 hours to $0.096, mirroring the lackluster trading action on the general crypto market. However, there may be some good news on the horizon, as crypto analyst Ali Martinez observes that Dogecoin is showing a bullish divergence against the RSI on the four-hour chart, with the TD indicator flashing a buy signal. These positive signs might suggest a potential price rebound for DOGE on the horizon.Tomiwabold is a cryptocurrency analyst and an experienced technical analyst.
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