ELON MUSK'S TWEETS RESULT DOGE

After Musk's tweet about X, the DOGE price increased. However, due to the bearish influence and low volatility, the price's continued upward momentum looks suspicious. The Moving Average Convergence Divergence (MACD) from the technical indicators shows that the buyers are still effective, while the Relative Strength Index (RSI) tends to recover from the oversold zone.
Despite this, the rectangle pattern, which shows short-term trends, urges traders to be cautious. This pattern suggests that DOGE could retrace a bit more before showing a major rebound soon.
As a result, Musk's posts about DOGE continue to affect the value of the coin. However, investors need to act by taking into account the general trends and technical indicators across the market.
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