Dogecoin may enter an uptrend again.

The recent bad situation for Elon Musk's favorite cryptocurrency Dogecoin (DOGE) has changed in a short time. After DOGE reached up to $ 0.71, it fell sharply with Elon Musk's comments on the Saturday Night Live program and was tested even for $ 0.30.

Elon Musk continues to Support For DOGE.

While crypto money investors thought it was time for DOGE to decline, Elon Musk again took steps that would affect the whole market. Tesla and SpaceX CEO announced that they will no longer accept BTC payments as Tesla, citing the energy consumption of Bitcoin.

Musk's BTC interpretation, on the other hand, negatively affected the crypto money industry, causing the price to decline to $ 45,000 with the FUD. The loss of billions of dollars in the cryptocurrency industry only with Musk's tweets led the famous billionaire to have too many enemies.

There has even been a campaign to delist Dogecoin from the Binance cryptocurrency exchange, and it is known that Elon Musk is solely responsible. However, Musk's statement that he is working with DOGE developers and that Coinbase will list DOGE in the coming weeks has raised the price over $ 0.50 again. So now what path will be followed for DOGE?

Considering the DOGE comments of the experts, it is seen that DOGE is said to be in a very good condition right now. Popular analyst Altcoin Sherpa emphasized in his analysis published about DOGE that the price was holding support and the target for the continuation of this was $ 0.62.