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The crypto universe has been buzzing more than usual recently, and there’s a good reason for that. Paul Tudor Jones, a titan in the hedge fund space, recently advocated for Bitcoin and gold over equities. And why? He points to an unstable geopolitical scene and a burgeoning US debt that’s looking less like a molehill and more like Everest. Tensions from the Israel-Hamas conflict only add fuel to this fire. Paul isn’t alone in his sentiments. Major players like JPMorgan are making waves with blockchain-based transactions, as seen with their collaboration with BlackRock and Barclays.

2023 has been a roller-coaster for Dogecoin. Despite a decline of 17% year-to-date, hope springs eternal, especially with whispers of Dogecoin’s integration into X (Twitter’s successor). Elon Musk’s affinity for Dogecoin (DOGE) is no secret. Might DOGE be the payment currency of the future X platform? There isn’t a way to know until it happens.

Dogecoin (DOGE) Price Analysis 

DOGE’s market dynamics have been intriguing. A major buzz was its potential integration into the X platform. Notably, DOGE’s volatility reduced in September, even undercutting Bitcoin’s. This stability is a promising sign for the meme coin’s future.

Dogecoin (DOGE) is currently trading within a narrow band, hovering close to its 10-day moving average of $0.06015. This positioning gives it a near-term support that, if maintained, could propel the coin toward a bullish trajectory. Additionally, if DOGE breaks past its immediate resistance at $0.06760, it stands a strong chance to test and possibly breach the more significant resistance at $0.07312. 

Source: TradingView 

The 200-day moving average at $0.07046 acts as a crucial threshold; a sustained move above this level can be a strong bullish signal, indicating a potential long-term upward trend for the coin. The recent

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Author: Crypto Daily

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