X Payments

Momentum

Dogecoin

Gains

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-struggles-for-recovery-as-dogecoin-gains-momentum/" data-wpel-link="internal">Bitcoin Struggles for Recovery as Dogecoin Gains Momentum</a><br></p>
<p style="text-align: justify">The leading cryptocurrency <strong><a href="https://coin-turk.com/12-bitcoinini-kaybeden-yatirimciya-sevindirici-haber" data-wpel-link="internal">Bitcoin</a> (<a href="https://en.coin-turk.com/unveiling-bitmexs-mysterious-wallet-a-deep-dive-into-the-massive-bitcoin-transfer/" data-wpel-link="internal">BTC</a>)</strong> is struggling to maintain its comeback from the $60,000 level while the crypto market operates in uncertainty. There is limited growth in the overall supply of many major <a href="https://coin-turk.com/shiba-inu-shib-yuzde-33-yukselebilir-ama-bu-seviyeye-dikkat" data-wpel-link="internal">altcoins</a>, but this is not the case with <a href="https://coin-turk.com/yanit-geldi-cme-dogecoin-doge-vadeli-islemlerini-mi-piyasaya-surecek" data-wpel-link="internal">Dogecoin</a>. What lies ahead for the popular meme token in the coming days?</p> 
<h2 id="doge-price-analysis">DOGE Price Analysis</h2> 
<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/elon-musk-faces-a-setback-in-dogecoin-related-lawsuit-as-key-lawyer-withdraws/" data-wpel-link="internal">Dogecoin</a></strong> has recently rebounded from the 61.8% Fibonacci retracement level, achieving approximately a 40% increase in four days, reaching the current trading level of $0.17. Will this momentum continue to surpass $0.22? The daily time frame analysis could reveal that the Dogecoin price correction is resonating precisely between two approaching trend lines, which could indicate the formation of a flag pattern.</p> 
<p style="text-align: justify">The indicated chart pattern is often seen within an established uptrend as it may suggest a temporary pullback for buyers to regain strength. Midweek, the <strong><a href="https://en.coin-turk.com/dogecoin-price-analysis-and-market-predictions/" data-wpel-link="internal">DOGE</a></strong> price witnessed a significant entry, resulting in a rise from $0.122 to $0.177. This increase was likely influenced by Elon Musk’s financial service X Payments successfully expanding its operational footprint by acquiring money transmission licenses in Illinois, New Mexico, and Oregon.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-332489 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/03/dogecoin.png" alt="" width="1946" height="937"></p> 
<h2 id="critical-formation-in-doge">Critical Formation in DOGE</h2> 
<p style="text-align: justify">The acquisition of these licenses has reignited discussions about the potential inclusion of cryptocurrencies like <strong>Dogecoin (DOGE)</strong> into the social network’s ecosystem. An 11.6% gain in the <strong>cryptocurrency</strong> during the day could see the DOGE price challenge the upper trend line of the flag formation. A break above the structure could signal a resumption of the recovery, providing suitable support for buyers.</p> 
<p style="text-align: justify">A post-breakout rally could potentially increase the Dogecoin price by 46%, reaching $0.26 and recording a 48.6% potential gain. Consequently, while uncertainty prevails in the crypto market, Dogecoin’s price has risen 40% to $0.17, influenced by Elon Musk’s progress with X Payments and the impact of license acquisitions. Moreover, experts believe that the formation of a flag pattern carries rally potential.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-struggles-for-recovery-as-dogecoin-gains-momentum/" data-wpel-link="internal">Bitcoin Struggles for Recovery as Dogecoin Gains Momentum</a></h5>

Bitcoin Struggles for Recovery as Dogecoin Gains Momentum

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