Rally

Rekt

Elon Musk

<ul class="news-points"> 
 <li><strong>Rekt Capital observed notable price behavior on the DOGE/USD chart.</strong></li> 
 <li><strong>DOGE’s price is experiencing rejection at a pattern resistance.</strong></li> 
 <li><strong>The recent DOGE rally was triggered by rumors attaching DOGE to Twitter.</strong></li> 
</ul> 
<p>Renowned crypto trader and analyst Rekt Capital observed a notable price behavior on the DOGE/USD price chart. In a Twitter post, the analyst noted that <a href="https://coinedition.com/dogecoin-doge-price-prediction/" rel="noopener noreferrer nofollow">DOGE’s price</a> is experiencing rejection at a pattern resistance. Rekt Capital thinks recent rumors of DOGE could have triggered the rejection of the meme coin’s latest price rally.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$DOGE</a> currently rejecting at pattern resistance<br><br>The catalyst that enabled euphoria at resistance were rumours about Elon Musk introducing <a href="https://twitter.com/hashtag/DOGE?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#DOGE</a> as a payment option on X<a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Dogecoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Dogecoin</a> <a href="https://t.co/K8KUgizgNw" target="_blank" rel="noopener noreferrer nofollow">https://t.co/K8KUgizgNw</a> <a href="https://t.co/mKidPdJ9WT" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/mKidPdJ9WT</a></p>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1687034877391122432?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 3, 2023</a> 
  </blockquote> 
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div> 
</figure> 
<p>After Elon Musk rebranded Twitter to X, rumors emerged that he would adopt DOGE as a payment option for services on the social network. Many users believed implementing DOGE payments formed part of the rebranding process, considering the various payment aspects Musk continues introducing on Twitter (now rebranded to ‘X’).</p> 
<p>Musk rebranded Tw…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/doge-rumor-influenced-rally-rejected-at-pattern-resistance/">DOGE Rumor-Influenced Rally Rejected at Pattern Resistance</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

DOGE Rumor-Influenced Rally Rejected at Pattern Resistance

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