DOGE Price Prediction: Elon Musk Drops X Money News and Dogecoin Immediately Pumps

The Dogecoin price shot up 10% today after Elon Musk announced that X Money early public access starts in April.

DOGE is now trading near $0.0985, just below the key $0.10 level that traders are watching closely.

Musk’s X Money News Sparks Immediate Rally

The move happened fast. Within minutes of the announcement, buyers stepped in and pushed the Dogecoin price higher. The news came from “Wise Advice” on X, sharing that Musk confirmed the platform’s digital payment system will open to the public next month.

This follows Musk’s long-standing vision of turning X into an “everything app” that handles payments, messaging, and media all in one place. X already partnered with Visa last year to help make this happen.

For DOGE holders, this pattern looks familiar. Musk announces something, and Dogecoin moves first. The market immediately starts speculating about potential integration, even when nothing is confirmed.

Where Is the Dogecoin Price Headed Next?

We had a look at the chart, and DOGE is facing a real test right now. The chart shows price action from January 23 through March 9, with DOGE trading in a range between $0.08 and $0.12. The recent move pushed price toward the upper end of that range.

DOGE Price Action and Key Levels

The daily chart shows DOGE bouncing off support near $0.08 and making its way higher. That $0.08 area has held multiple times, with buyers stepping in each time the price dropped. The current pump brought DOGE to $0.0985, right below that psychological $0.10 level.

Source: CoinAnk

On the upside, $0.10 is the big one. If the Dogecoin price breaks above that and holds, the next targets sit at $0.12 and then higher. The chart shows $0.12 acted as resistance in late January and early February.

On the downside, support sits at $0.09 and then $0.085. If DOGE loses those, $0.08 comes back into play as the major floor.

The indicators on the chart show momentum building. The green line crossed above the red line, which points to bullish momentum. The histogram bars turned green and positive, showing buyers are in control right now.

DOGE Price Prediction: Can Dogecoin Break $0.10?

The big question is whether the Dogecoin price can finally clear $0.10. This level has acted as a ceiling since January. The news from Musk gives buyers a reason to try, but they need volume to follow through.

If DOGE breaks $0.10 and holds, the next targets are $0.12 and then $0.14. Some analysts see $0.18 as upside goals if momentum really picks up.

On the flip side, if $0.10 rejects the price again, DOGE could slide back to $0.09 or even $0.085.

The CPI report coming Wednesday could also move markets. If inflation data comes in soft, risk assets like DOGE might get a boost.

For now, traders are watching that $0.10 level like hawks. A clean break above it changes the story. Another rejection keeps DOGE stuck in the same range it’s been in for months.

Read also: Grok AI Predicts the Price of XRP, Cardano and Dogecoin if NATO Enters the War

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The post DOGE Price Prediction: Elon Musk Drops X Money News and Dogecoin Immediately Pumps appeared first on CaptainAltcoin.