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Dogecoin [DOGE] Price Analysis Before and After Elon Musk SNL Tweet



Dogecoin [DOGE] Price Analysis Before and After Elon Musk SNL Tweet

Dogecoin today at press time is trading at $0.71 and the price is up by 20.15% from the last 24hrs. The market capitalization of DOGE at press time is $93,000,075,584 making it the 4th largest cryptocurrency in terms of market cap.

Now, as you know Dogecoin is on a bull run for the last few days. Elon Musk tweets on Apr 28, 2021, about the SNL on May 8 quoting, “The Dogefather SNL May 8”.

DOGE was trading at around $0.27 before this tweet as per CoinMarketCap. Today is May 8th, the SNL that DOGE lovers are waiting for. The price today is $0.72, i.e. 266.66% up today after the Elon Musk SNL tweet.

On May 5th the DOGE price touches the $0.68 mark and then underwent slight correction. The price went down to $0.52 on May 7th and after that, it’s again increasing.

Let me tell you one more interesting thing today, DOGE today made its ATH of $0.732 USD. The 52 weeks low and high for DOGE is $0.002277 and $0.732 respectively. Today DOGE price is almost 32147.56% more than its 52 week low.

Also, if we look at the technical indicators then all seems to be in bullish mode. All EMA (10, 20, 30, 50, 100) and SMA (10, 20, 30, 50, 100) are indicating buy signal.

If we look at the oscillators like MACD Level (12, 26) then it’s 0.12654 and in the buy zone. The Relative Strength Index (14) is in the neutral zone with a value of 77.40837

Twitter: @cz_binance

If we look at the 3rd largest cryptocurrency by market cap then it’s BNB. The BNB market cap at press time is $96.8 B while that of DOGE the 4th largest cryptocurrency is $94.32. So the BNB market cap is only 3% more than DOGE. Let’s see what happens today after SNL.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.