Dogecoin Spikes: Analyst Lists Out Key Levels For Those Looking To Buy

Dogecoin DOGE/USD traded 2.3% higher at $0.12 over 24 hours leading up to early Tuesday morning.

See Also: How To Buy Dogecoin (DOGE)

Why Is It Moving? Dogecoin spiked along with other major coins at press time as the global cryptocurrency market cap rose 4.8% to $1.9 trillion. 

DOGE was not among the most mentioned coins on Twitter at press time, according to Cointrendz data. 

On Monday, a single transaction of 261 million DOGE, worth over $31.1 million at the time, was observed. According to blockchain data analysis, noted by Benzinga’s Adrian Zmudzinski, it is the same DOGE being moved over and over again. 

Amsterdam-based cryptocurrency analyst Michaël van de Poppe tweeted Monday that investors would want to buy DOGE between the 0.0814 and 0.1194 levels. 

Want to buy $DOGE here. pic.twitter.com/Y1CDEsI349

— Michaël van de Poppe (@CryptoMichNL) March 21, 2022

Van de Poppe clarified that he was not against DOGE in response to a query from a Twitter user.

No, I'm not against $DOGE.

People are great at putting words into people their mouths.

— Michaël van de Poppe (@CryptoMichNL) March 21, 2022

Dogecoin Chatter: DOGE co-creator Billy Markus reacted to the sudden spike in Bitcoin prices in the early hours of Tuesday.

pic.twitter.com/zbQiHuM8Ii

— Shibetoshi Nakamoto (@BillyM2k) March 22, 2022

Meanwhile, Dogecoin-oriented YouTuber Matt Wallace retweeted a post that showed the Tesla Inc TSLA CEO and DOGE-bull Elon Musk heading for Berlin. 

Wallace “theorized” that Musk was on his way to fight with Russia’s President Vladimir Putin. 

Omg Elon is actually gonna fight Putin  https://t.co/ZhJe9aiVJk

— Matt Wallace (@MattWallace888) March 21, 2022

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