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Musk is shouting “$DOGE ” again—this time is it different from before?
Recently, Musk mentioned the news about Dogecoin on social media again, placing it five years ago; DOGE could directly jump by 50 points.
But now? The market’s reaction is much more muted. It’s not that Musk isn’t working anymore—it’s that DOGE has changed. For assets driven by extreme emotions, technical analysis often fails.
No matter how beautifully you draw your support and resistance lines, one Musk tweet can make the candlestick chart look as if it’s been chewed up by a dog. With this kind of coin, it’s better to look at the trending topics than the indicators.#DirectIPOSeason2JerseyMikes