The price of Dogecoin has fallen more than 25% in the last 24 hours and reached at least $ 0.38.
DOGE is in parallel with the rest of the crypto market after Elon Musk announced that Tesla would ban car purchases with Bitcoin.
The coin note may wait to be returned if Tesla decides to accept DOGE instead of paying.
The cost of Dogecoin is driven by Elon Musk. His appearance on "Saturday Live" disappointed investors and led to sales. Now Musk can launch Bitcoin and enable Tesla and SpaceX to accept payments in the DOGE switch.
Tesla does not pay Bitcoin
Elon Musk has been pumping and packing gifts for DOGE for the past few months. In fact, his recent unveiling of 'Saturday Night Live' has even 'sold the news' to many traders. Dogecoin has since fallen almost 50% to a low level of $ 0.38.
Top cryptocurrencies by market value have also undergone reforms after Musk announced on Twitter that Tesla would not accept Bitcoin as payment for its vehicles. The billionaire investor talks about the potential impact on the environment due to fossil fuels for mining and trading in BTC.
Although Tesla was rich in Bitcoin as a payment method, it also did not want to sell a BTC on its banknote. The only goal is to use crypto-currency as a means of exchange when the exchange has been converted into multiple forces for a long time. Musk says:
We also look at other cryptocurrencies that use less than 1% of Bitcoin / s energy / exchange.
Fortunately, Musk posted a statement on Twitter asking his audience if Tesla should accept Dogecoin as a means of payment. This coincides with SpaceX's decision to demand that DOGE pay for the project sent to the moon in 2022.
Chain Inspector Willy Woo introduces:
Elon asked the community if DOGE (Certificate of Functionality, Safety by Energy) should be received by Tesla, and in the next tweet, Tesla announced that BES would not accept it because of the energy effort. Tell us what really happened.
Dogecoin value in the spotlight
Estimates have risen around Dogecoin, as Tesla will soon adopt cryptocurrency as a payment method instead of Bitcoin. When the news comes to the fore, the DOGE award seems to be trading in the falling power lines in its 4-hour plan.
The price of Dogecoin should remain above the channel's low and a 200-hour moving average of $ 0.35 to keep speculators well.
If you do not, the coin note may fall by a further 30% to 46% of the Fibonacci highs of 127.2% or 141.4%. These key resources are between $ 0.24 and $ 0.18, respectively.
On the other hand, cutting channel limits higher and the $ 0.47 moving average price of $ 0.47 may mean that the Dogecoin price is set to recover.
If DOGE manages to get $ 0.47 in support back, it will have to break the 50 moving average of $ 0.56 in order to move to the new daily. It appears that the need for the crash will depend on whether Tesla decides to accept Dogecoin as payment for its products.
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