Dogecoin (DOGE) Hits Three-Year High of $0.48, Attributing the Surge to Elon Musk's X Platform Rumors

Dogecoin (DOGE) has hit a three-year high of $0.48 on November 23rd with a 20% gain in the past week and a staggering 219% gain in the last month.

Dogecoin (CRYPTO: DOGE) hit a three-year high of $0.48 on Wednesday amid chatter of X "Payments" and widening interest in the meme cryptocurrency.

What Happened: Dogecoin, the third most traded cryptocurrency, saw its price rise 20% over the past week and 219% over the past month. The last time DOGE traded at a higher price was in April 2019.

The seven-day rolling average price for Dogecoin stood at $0.38.

The fast adoption of Dogecoin saw its trading volume hit $15.40 billion over a 24-hour period. Only Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) had higher trading volumes.

Among the seven-day price changes for the top 20 cryptocurrencies, DOGE ranked second, behind only Aptos (CRYPTO: APT).

Dogecoin Price Predictions: Technical analysis of Dogecoin showed bullish signals, with key price levels and patterns offering targets and support.

Analyst Javon Marks highlighted the $0.43 price as a critical breakout point.

"Relative Strength Index (RSI) and 50-day Exponential Moving Average (EMA) show strength, expecting further upside."

Chart patterns analyst Tardigrade remained bullish on Dogecoin,フレーズを強調するテキスト High-Tight Flag" pattern, offering targets and support.

"This chart pattern is known as the "High Tight Flag" pattern. It stands out as a rare, BUT Extremely Bullish signal that indicates a highly possible significant upward price movement.

$Doge $1 is inevitable "

With this strong price action momentum, high vibe in the crypto markets, and anticipation of X "Payments," memecoins are⬆️礒焼け止めテキスト礒焼け止めテキスト礒焼け止めテキスト礒焼け止めテキスト礒焼け止めテキスト礒焼け止めテキスト礒焼け止めテキスト礒焼け止めテキスト礒焼け止めテキスト礒焼け止めテキスト礒焼け止めテキスト礒焼け止めテキスト礒焼け止めテキスト礒焼け止めテキスト礒焼け止めテキスト礒焼け