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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
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- 🎊 ETH Deposit & Trading Carnival Kicks Off!
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- 📢 ETH Heading for $4800? Have Your Say! Show Off on Gate Square & Win 0.1 ETH!
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- 🧠 #GateGiveaway# - Crypto Math Challenge！
💰 $10 Futures Voucher * 4 winners
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1️⃣ Follow Gate_Square
2️⃣ Like this post
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📅 Ends at 4:00 AM July 22 (UTC)
Dogecoin Price Eyes $2 Rally After Elon Musk Ghibli Anime
Dogecoin price has shown remarkable strength, gaining over 14% on the weekly chart and approaching a key resistance level at $0.21. A breakout above this point could potentially ignite a rally toward $2, representing a 10x gain. Adding to the excitement, Elon Musk has teased DOGE once again by sharing a Ghibli anime-inspired illustration, parodying the iconic “Lion King” scene with a Shiba Inu mascot. Advertisement Dogecoin Price Eyes A 10x Breakout Ahead In the last 24 hours, the Dogecoin price has surged another 4%, moving to $0.205 with its market cap just touching $30 billion. Additionally, the daily trading volumes have surged more than 32%, crossing $2 billion showing a strong bullish sentiment aong traders. Additionally, the Coinglass data shows that the DOGE futures open interest is also up 4%, moving above $2 billion, while the 24-hour liquidations have soared to $13.82 million. Popular crypto analyst CryptoELITES has cited the formation of a cup-and-handle chart pattern, wherein the DOGE price is on the move to complete the cup pattern. As a result, he expects the meme coin to register 10x gains from here onwards.
Some traders also expect the DOGE price rally to continue to $8 as the meme coin breaks past the three-month trendline. Advertisement
DOGE SuperTrend Indicator Crypto analyst Ali Martinez has highlighted a potential bullish phase for Dogecoin (DOGE) based on the SuperTrend indicator. According to Martinez, the popular meme coin could enter a significant upward trend if it manages to break through the critical resistance level of $0.21. The SuperTrend indicator usually helps to identify trend reversals and potential breakout points. Thus, surpassing this key threshold of $0.21 Dogecoin price could signal renewed investor momentum for the meme coin.