The re -emergence of ‘DogeFather’ continues to bring joy to Dogecoin loyalists who mourned as the crypto market ‘crash’ this week.
Tesla CEO Elon Musk once again uploaded a Twitter tweet which in turn gave an impact and a price spike to the Dogecoin cryptocurrency in yesterday’s trading.
How much is that Doge in the window? pic.twitter.com/bxTkWOr50V
- Elon Musk (@elonmusk) May 20, 2021
He has also stated that he will be HODL and will not sell his holdings of Dogecoin. Now many are puzzled maybe Elon Musk is the owner of the 36 billion Doge wallet!
Most currency investors inspired by this shiba inu dog are always waiting for Elon Musk to make a tweet on Twitter just because speculation says from the tweet could drive the Dogecoin price spike higher.
Meanwhile, it can be seen on the DOGE/USDT price movement chart that the Dogecoin price has risen more than 11% around $ 0.42 a few hours after the impact of Musk's tweet yesterday.
If examined, the price has passed the SBR (support become resistance) level of $ 0.40, has fallen to the level of $ 0.20 and it seems that in the European session the Dogecoin price is making a reversal in the SBR zone before the expectation will make a decline again.
But if the price movement makes a rebound, the next SBR zone around $ 0.55 will be tested before giving signs and expectations for a higher surge.
At the time of writing, Dogecoin traded $ 0.39 down more than 12% from that gain.
