Dogecoin Price Pumps 5% As Elon Musk Unveils X TV App To Rival YouTube, And Traders FOMO Buy This Multi-Chain Meme Coin With Time Running Out
The Dogecoin price rose 5% in the last 24 hours to trade at $0.0990 as of 09:02 p.m. EST even as trading volume fell 8% to $428 million. This comes after Elon Musk’s X TV app beta version was officially launched, allowing users to access the platform directly from their smart TVs. This move is part of Musk’s plan to transform X into an “Everything App,” and potentially positioning it as a rival to YouTube. The app aims to capitalize on X’s growing video engagement. Dogecoin Price Aims For A Continued Bullish Trend Reversal The Dogecoin price has been on a downtrend, trading within the falling channel pattern, as the bears gained control around the $0.114 resistance zone, according to data from GeckoTerminal . DOGE has now plunged below both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the recent bearish trend. The Relative Strength Index (RSI) trades up towards the 50-midline level, currently at 48, which is a sign that buying pres...