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🐶 DOGE Soars In Support Of Elon Musk

Word On The Street: Dogecoin has surged by over 23% in the past 24 hours, currently trading at $0.2771. This marks its highest value since October 2021.

The details:

• The rally has solidified DOGE as the best-performing cryptocurrency in the market today, driven by speculation around potential support from Elon Musk.

• DOGE's upward momentum has boosted its market capitalization to over $41.2 billion, surpassing USDC’s $36.9 billion and XRP’s $32.7 billion.

• DOGE’s price has now broken above the neckline of a U-shaped recovery pattern at $0.228, a bullish formation.

Why it matters: Should DOGE secure a decisive close above the psychological level of $0.30, it could target a further rise to $0.377, representing an additional 34% upside from the current price.

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