Is a DOGE Price Breakout Coming? Co-Founder’s DOJ Critique Sparks Investor Interest 

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Arslan Butt

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Arslan Butt

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Last updated: 

October 27, 2024

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DOGE co-founder Billy Markus (aka Shibetoshi Nakamoto) just went off on social media about the US Department of Justice’s (DOJ) treatment of big names like former President Donald Trump and Tesla CEO Elon Musk.

He says it looks political, like authoritarian regimes. This is in response to VP Kamala Harris’s tweet that Trump would “weaponize” the DOJ if re-elected.

Markus says the administration is already using the DOJ against political opponents, citing Trump and Musk. He says this is what dictators do.

Public and Media Perception of Musk

In addition to the DOJ, Markus defended Elon Musk saying the media has created a bad public image of him. He says the media narratives have created an “Elon Musk bad” sentiment and public opinion is shaped negatively because of it.

He thinks this has made Musk into a villain in the public’s eyes.

• Markus on DOJ: Dogecoin co-founder says DOJ actions against Trump and Musk are political.
• Media Bias: Markus says the media is targeting Musk and shaping a bad public image.

Cardano Founder Joins the Debate

In the midst of all this Charles Hoskinson, founder of Cardano, called out Kamala Harris for saying Trump is acting like authoritarian figures.

Hoskinson said such comparisons trivialize real historical atrocities and create unnecessary polarization.

Markus and Hoskinson’s comments are generating a lot of chatter online and in the crypto and political communities.

DOGE Price Nears Key $0.1387 Resistance; Breakout Could Signal Bullish Rally

On the technical side of Dogecoin, the DOGE/USD is testing the resistance near $0.1387, where a downward trendline has been limiting further upside.

A bullish breakout above this level could propel DOGE towards $0.1402 and potentially $0.1419.

However, if the resistance holds, immediate support lies at $0.1361, with further downside risk to $0.1333 and $0.1310. The 50-period EMA, positioned at $0.1375, is offering mild support, aligning with the pivot area.

The Relative Strength Index (RSI) currently stands at 54, reflecting neutral momentum but suggesting a potential for upside if DOGE breaches the $0.1387 resistance.

Traders should watch closely for a breakout, which could determine DOGE’s next directional move.

• Resistance Levels: Immediate resistance at $0.1387, with potential targets at $0.1402 and $0.1419.
• Support Levels: Key support at $0.1361, with further downside at $0.1333 and $0.1310.
• RSI & EMA Insight: RSI at 54 and 50 EMA at $0.1375 support mild bullish momentum.

Conclusion: A breakout above $0.1387 could trigger a bullish rally, while failure to break may prompt short-term retracements.

Flockerz Presale Hits $1 Million – Last Chance to Buy Before Price Increase

Flockerz ($FLOCK) is rapidly gaining attention in the meme coin space, showcasing an innovative “vote-to-earn” model that empowers its community.

Currently, the presale has raised $1,090,527.61 out of a $1,336,793 target, with just over a day left until the price rises from the current $0.0058628.

This unique project enables $FLOCK holders to participate in Flocktopia, a decentralized autonomous organization (DAO) where each token holder has a voice in governance.

Investors aren’t merely holders; they’re crucial decision-makers in Flockerz’s future direction.

The presale offers high staking rewards, with rates reaching up to 7,888%, providing an attractive long-term incentive and enhancing token scarcity.

With upcoming listings on major exchanges and increasing influencer support, Flockerz is poised for a significant impact in the Web3 space.

Time is running out to secure $FLOCK tokens at the current price before the next increase. Purchase is available using ETH, BNB, USDT, or a bank card through the presale website.

Visit the Flockerz Presale Website