Dogecoin

Solana

Elon Musk

<ul> 
 <li>Dogecoin’s price rose 4.02% from $0.09854 to $0.1018 after the lawsuit against Musk and Tesla was dismissed.</li> 
 <li>Dogecoin is at a key support level of $0.15. If it holds, the price could rise to $0.13 and even $0.15 soon.</li> 
</ul> 
In the last 24 hours, Dogecoin (DOGE) saw a modest uptick of 4.02%, reaching $0.1025 as it attempts to recover from recent setbacks. The slight boost in price was followed by the dismissal of a federal <a href="https://thenewscrypto.com/elon-musk-and-tesla-celebrate-dogecoin-manipulation-lawsuit-dismissal/" target="_blank" rel="noreferrer noopener">lawsuit against</a> Elon Musk and Tesla, with the court ruling that Musk’s Dogecoin-related tweets were not misleading but rather optimistic expressions. 
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 <img decoding="async" width="767" height="341" src="https://thenewscrypto.com/wp-content/uploads/2024/08/image-113.png" alt="" class="wp-image-106894" srcset="https://thenewscrypto.com/wp-content/uploads/2024/08/image-113.png 767w, https://thenewscrypto.com/wp-content/uploads/2024/08/image-113-300x133.png 300w" sizes="(max-width: 767px) 100vw, 767px">
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 DOGE Price Chart (Source: <a href="https://coinmarketcap.com/currencies/dogecoin/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>)
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Despite the price increase, Dogecoin’s trading volume experienced a 19% decline, settling at $467 million. This decrease in activity reflects the broader market’s cautious stance, as DOGE continues to mirror <a href="https://thenewscrypto.com/why-is-bitcoin-facing-challenges-to-surpass-62k/" target="_blank" rel="noreferrer noopener">Bitcoin’s trend</a>, with BTC trading below $60K. 
Interestingly, Dogecoin’s gradual price increase suggests a healthier, more sustainable growth pattern, allowing for the establishment of stronger support levels. Reports indicate that large holders of DOGE have been accumulating, signaling confidence in the memecoin’s potential. 
<h3 class="wp-block-heading" id="h-technical-outlook-and-price-targets-for-dogecoin">Technical Outlook and Price Targets for Dogecoin</h3> 
DOGE is currently at a pivotal price point. According to the <a href="https://thenewscrypto.com/dogecoin-doge-price-prediction/" target="_blank" rel="noreferrer noopener">Dogecoin price prediction</a>, the coin’s price is slightly above its 9-day moving average (MA), which means the current price is just a bit higher than the average price over the last nine days. This can indicate a short-term upward trend. 
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 <img decoding="async" width="1024" height="511" src="https://thenewscrypto.com/wp-content/uploads/2024/08/image-114-1024x511.png" alt="" class="wp-image-106895" srcset="https://thenewscrypto.com/wp-content/uploads/2024/08/image-114-1024x511.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/08/image-114-300x150.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/08/image-114-768x383.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/08/image-114.png 1301w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
 Dogecoin (DOGE) Price Chart (Source: <a href="https://in.tradingview.com/symbols/DOGEUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow">TradingView</a>)
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Further, the relative strength index (RSI) of 47.33, indicates a neutral stance in the market. The meme coin’s price might stay steady or move slowly in the upper direction. 
In that case, a successful defense of the $0.105 support level could potentially ignite a bullish trend, with the price possibly reaching $0.13 in the coming week.&nbsp; 
Should Dogecoin break past $0.13, the next target could be $0.174, setting the stage for a continued upward trajectory. Conversely, if the $0.10 support fails, DOGE could slip to $0.095, putting further gains at risk. 
Overall, the market sentiment around Dogecoin remains optimistic, with social media buzz reflecting its sustained popularity despite recent price fluctuations. 
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Will Elon Musk’s Legal Win Propel Dogecoin Above $0.15?

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