Dogecoin must rise 700% to copy its Elon Musk-led rally of 2021.
Dogecoin price soared over 23,000% in 2021 primarily due to Elon Musk's vocal support. Ironically, DOGE/USD topped after Musk called it a"hustle"DOGE price entered a prolonged long bearish cycle, furthered by the prospects of the Fed tightening . Also, the collapse of multiple leading crypto firms, such as Terra , Three Arrow Capital, FTX, etc., exacerbated the DOGE selloff.amid hopes that DOGE would become the social media platform's official payment token.
Conversely, a reversal from the aforementioned EMAs risks triggering a classic continuation setup called the ascending triangle.
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