The Twitter hints from Elon Musk about DOGE payments are exactly what the Dogecoin community has been waiting for. Musk posted slides from a “Twitter company talk” on November 27. In Musk’s presentations, it was evident that Twitter had accomplished notable feats since the billionaire investor acquired the dominant social media platform. These include a rise in the number of active minutes and new user signups.
The word “payments” appeared in Musk’s PowerPoint. It has been part of Twitter 2.0’s long-term plan. Despite the fact that Musk did not specifically mention using DOGE as payment, it raised expectations for the meme cryptocurrency.
The recommended cryptocurrency for use in Twitter’s payment has always been DOGE. Musk surprised the Twitter community in April 2019 by claiming that DOGE may be his preferred cryptocurrency. There have been more requests for adopting the meme token after Twitter was acquired.
Technical analysis of a daily chart reveals that DOGE has surpassed a significant resistance at $0.09. After a protracted period of consolidation just below the resistance that later became the support, a breakthrough occurs.
The cryptocurrency is also supported by the 20-day and 50-day moving averages. The MACD indicator is moving in a positive direction, indicating that DOGE’s momentum is strengthening.
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