Dogelan Mars Token Surges Double Digits On Monday
Fantasy Sports Platform Rage Fan Announces Partnership With Doglon
ELON Could Maintain Gains If Buyers Defend Key Support at $0.0000003
Dogelon Mars (ELON/USD) inspired by Elon Musk is making shockwaves. The cryptocurrency rose by double digits on Monday, showing huge interest from investors. Trading volume on the little-known cryptocurrency was up 400% on the day.
This boosted gains in the Dogelen Mars token cryptocurrency news in the weekends. Fantasy sports platform Rage Fan has announced a partnership with Doglon. The partnership will introduce blockchain gaming for individuals holding ELON. Rage Fan said it is launching a free Call of Duty tournament for Alone holders to celebrate the partnership.
The Doglon token is also gaining a huge following. It already has 454,000 followers on Twitter. Perhaps its name combination, Dogecoin + Elon, is helping it apart from its partnership with Rage Fans. We are all aware of the growing speculation about Elon Musk using Twitter on digital payments. Therefore, investors can look to Elon as the next big thing in the meme space after Dogecoin. This is all speculation, but one thing is for sure. Dogeln Mars is building a hardcore community, which may grow if the project finds more utility in the crypto space. Let’s look at the technical bits of it.
ELON corrects after an intraday surge
A daily chart from a technical perspective shows that ELON is correcting after breaking above $0.0000004. The 20-day and 50-day moving averages have joined the support for the cryptocurrency. The RSI also remains above the midpoint, which indicates the strength of the buyers.
Will Elon Go Higher?
A retest of the $0.0000003 support followed by a bullish price action could attract the bulls. Investors will again target the $0.0000004 resistance or a higher one at $0.0000005.
if you want buy elon, You may consider having some patience with the bullish reversal signal. The developments surrounding the project as well as Dogecoin could also be potential bullish triggers.
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