Could Dogecoin Skyrocket 10x After Elon Musk’s Ghibli Anime Tease? Here’s What the Charts Say!

Jakarta, Pintu News – The Dogecoin DOGE->Current DOGE PriceRp 0Market Cap-Trading Volume-Circulating Supply- price is showing significant strength, with a rise of more than 14% on the weekly chart and approaching the important resistance level of $0.21 (27/3).

If it manages to break this level, it could trigger a rally of up to $2, which would mean a 10-fold increase. Adding to the enthusiasm, Elon Musk teased the DOGE community again by sharing a Ghibli anime-style illustration parodying an iconic scene from “The Lion King” with a Shiba Inu mascot SHIB->Current SHIB PriceRp 0Market Cap-Trading Volume-Circulating Supply-.

Dogecoin Price Poised for a 10x Spike

On March 27, 2025, Dogecoin’s price had risen another 4% to $0.205, with its market capitalization hitting $30 billion. Daily trading volume also increased by more than 32%, surpassing $2 billion – signaling strong bullish sentiment among traders.

Read also: Dogecoin Price Slumped 5% Today (3/28/25): Crypto Analyst Optimistic DOGE will Rise to $8!

Data from Coinglass shows that open interest for DOGE futures also rose 4%, breaking through the $2 billion mark. Meanwhile, liquidations in the last 24 hours surged to $13.82 million.

Popular crypto analyst, CryptoELITES, noted the formation of a cup-and-handle chart pattern on the price movement of DOGE. He predicts that the price of DOGE is completing the “cup” pattern and has the potential to print an increase of up to 10 times from its current position.

Some traders even predict that DOGE’s rally could continue until it hits $8, especially if the meme coin manages to break the three-month trend line.

DOGE SuperTrend Indicator

Additionally, crypto analyst Ali Martinez highlighted a potential bullish phase for Dogecoin (DOGE) based on the SuperTrend indicator.

According to Martinez, the popular meme coin could enter a significant uptrend if it manages to break the crucial resistance level at $0.21.

The SuperTrend indicator is usually used to identify trend reversals and potential breakout points.

Therefore, if Dogecoin is able to cross the important $0.21 threshold, it could signal a new momentum from investors to push the DOGE price higher.

Elon Musk Teases DOGE with a Touch of Ghibli Anime

In a parody of an iconic scene from Disney’s “The Lion King,” Elon Musk teased the Dogecoin community again by utilizing popular Ghibli-style anime characters.

Read also: Hamster Kombat GameDev Heroes Daily Combo & Daily Cipher Update March 28, 2025

But instead of holding up a lion cub, the character in the illustration holds up a Shiba Inu dog – the mascot of the Dogecoin cryptocurrency.

The animation style in the image is reminiscent of the work of Studio Ghibli. The recent skyrocketing popularity of Ghibli anime, coupled with Elon Musk’s involvement in the trend with DOGE, could be an additional trigger for the price increase of this meme coin.

Additionally, the Dogecoin price prediction chart shows a potential consolidation above the $0.20 level throughout April.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Dogecoin Price Eyes $2 Rally After Elon Musk Ghibli Anime. Accessed on March 28, 2025