After Elon Musk’s tweet featuring a picture of Dogecoin, the currency experienced a 30% increase. However, after the tweet was taken down, the currency faced a decline. Furthermore, from a technical standpoint, the currency faced a correction upon reaching the important range of $0.1. If the currency intends to continue its growth, it needs to reach the $0.1 range once again and then consolidate above it, otherwise a bearish scenario may be possible.
Disclaimer: This analysis is for educational purposes only.