- Dogecoin (DOGE) skyrocketed its price to almost +20% in the past 24 hours.
- Tesla (NASDAQ:TSLA) accepts DOGE as payment option for merchandise
Dogecoin (DOGE) blows the crypto space once again as it skyrocketed its price to almost +20% in the past 24 hours. This aggressive movement made by DOGE is due to the tweet post made by Elon Musk that Tesla will now begin to accept DOGE as payment options for some of its merchandise. Indeed, this news awakened the sleeping blood of the DOGE army across the community.
In the past month, Elon already told its followers about its plan to open the doors of Tesla to DOGE. This tweet gathered different opinions across the crypto Twitter (NYSE:TWTR) community. Some are very excited, while the others stay silent and simply wait for it to happen. The tweet was retweeted almost 54K times with more than 365K likes.
Meanwhile, based on the chart below, it is seen that DOGE has continued to perform a bullish trend in the past four days. If this position keeps on, DOGE may be able to break its $.22 resistance level and slowly but surely climb back to its bullish throne of $.3. But of course, there is a big chance that this will happen if the bullish market remains in favor of the crypto.
Source: TradingView
On the other hand, DOGE is just one crypto asset that is now taking the bullish spotlight despite the bearish market. Tons of crypto assets are now starting to wake up from their sleep at the bearish level.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.