🔥💥 Dogecoin (DOGE) Price Prediction: Will Elon Musk Rise 50%?

On March 14,#Dogecoin(#DOGE) price surged 15% to surpass the elusive $0.00002 territory, before entering a retreat amid the market decline on Friday. Elon Musk's recent comments implying that Tesla accepted Doge for payments were a major catalyst behind the surge in Sunday demand for DOGE.

"I think at some point we're going to have to allow this," Musk said.

Elon Musk's defense of Dogecoin is nothing new, often calling the crypto asset the “People's Crypto” in 2021.

However, Tesla began accepting cryptocurrencies for Tesla products on January 15, 2022. However, crypto transactions were limited to DOGE only.

Tesla fans recently discovered that Dogecoin is mentioned in the code for Tesla's Cybertruck payment page.

This has led to speculation about whether the company will begin accepting Doge for its long-awaited futuristic truck.

Despite these promises, an official statement from Tesla or Musk regarding Dogecoin as a payment method has yet to be released.

Dogecoin Price Forecast: Consolidation Before 50% Breakout?

Looking at historical trends, the surge in market demand and media coverage caused by Elon Musk's recent bullish comments may push Dogecoin price into an accelerated breakout during the next rally.

In terms of short-term price movements, DOGE price should first remain stable above the $ 0.15 support level. As you can see below, DOGE is currently trading just above the 20-day SMA price.#elonMusk#binance #BTC