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Dogelon Mars Token Gains Double Digits on Monday
Fantasy Sports Platform Rage Fan Announces Partnership With Dogelon
ELON Can Maintain Profits If Buyers Hold Critical Support At $0.0000003
Elon Musk-inspired Dogeron Mars (ELON/USD) is making an impact. Investors showed great interest as the cryptocurrency rose his double digits on Monday. The little-known cryptocurrency’s trading volume soared by 400% that day.
Dogelon Mars token gain is cryptocurrency news over the weekend. Fantasy sports platform Rage Fan has announced a partnership with Dogelon. This partnership will bring blockchain gaming to individuals holding ELON. Rage Fan said it will introduce free Call of Duty tournaments for ELON owners to celebrate the partnership.
The Dogelon token is also gaining a large following. He already has 454,000 followers on Twitter. Perhaps that name combination, Dogecoin + Elon, has served it well beyond its partnership with Rage Fans. We all know there is growing speculation about Elon Musk’s use of Twitter for digital payments. So investors may see his ELON as the next big thing in the meme space after Dogecoin. All this is speculation, but one thing is certain. Dogelon Mars has built an enthusiastic community, which could grow if the project finds more utility in the crypto space. Let’s look at that technical bit.
The technical outlook on the daily chart shows that ELON is correcting after breaking out to $0.0000004. 20-day and 50-day moving averages have been added to support cryptocurrencies. The RSI is also above the midpoint, indicating the strength of the buyers.
A retest of the $0.0000003 support and subsequent bullish price action may attract the bulls.
if you try Purchase ELON, A little patience can be considered for a bullish reversal signal. Developments around the project and Dogecoin developments could also be potential bullish triggers.
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