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Dogecoin Continues Up and Down Movement

B
Benzinga

67 Views • Jan 04, 2022

Description

Dogecoin is continuing its up and down movement going into Tuesday, as it seems to refuse to rise or fall more than a fraction of a penny. As the global market cap is decreasing once again, Dogecoin is falling with other currencies like Bitcoin, Ethereum, and Solana. DOGE fell out of favor on Twitter ($TWTR@US) on Monday as it was not one of the most often mentioned tokens on the platform. This lackluster social media boost comes on the heels of an interview in which Tesla CEO and DOGE bull, Elon Musk, said that he did not believe Dogecoin could be the cryptocurrency of Mars as he pushes for colonization of Earth’s closest neighbor. Additionally, Benzinga’s Melanie Schaffer believes that DOGE might have settled into what is known as a “bear flag pattern” on its daily chart, which could lead the token to drop as low as 15 cents.

Keywords & Tags

#bitcoin #crypto #cryptocurrency #nft #non-fungible token #finance #ethereum #inflation #business #crypto news #dogecoin #doge #blockchain #tech #Twitter #social media #Elon Musk #altcoins #token #economic recovery #digital asset #crypto broker #crypto mining #Solana #economic growth #virtual currency #economic outlook #Melanie Schaffer #Dips #Up and Down Momentum #Tesla CEO #DOGE bull #Mars #bear flag pattern

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