According to @elonmusk on Twitter, Elon Musk reiterated his support for Dogecoin and mentioned Bitcoin as a key digital asset. Musk stated that he still holds Dogecoin and believes in its long-term potential, which led to a 5% price surge in DOGE within hours of his comments (source: @elonmusk, Twitter, 2024-06). Bitcoin also experienced a brief uptick as traders reacted to Musk's positive stance. This direct endorsement from Musk, a high-profile influencer, continues to create short-term volatility and liquidity opportunities for active crypto traders, especially in meme coins and related altcoins.

According to Trader Tardigrade, Dogecoin is anticipated to see a significant price surge in the near term, followed by a prolonged pullback in a falling wedge pattern (source: Twitter/@TATrader_Alan, June 4, 2025). This technical chart setup suggests traders should prepare for a possible upswing in $DOGE, but also remain cautious of a correction phase. The analysis highlights key trading signals for swing traders, as the forecasted pattern often precedes renewed bullish momentum after the pullback, making $DOGE a closely watched asset in the current crypto market environment.

According to Trader Tardigrade, Dogecoin's weekly candle has closed above the 100 EMA, effectively reclaiming a key technical level after a recent breakdown (source: Trader Tardigrade on Twitter, April 28, 2025). This bullish pattern is often interpreted by traders as a sign of renewed upward momentum, indicating a potential surge in DOGE price. Historical price action suggests that reclaiming the 100 EMA on the weekly chart can act as a catalyst for strong bullish trends, making this a critical level for traders to watch as they assess entry and exit points.