You Won’t Believe What Dogecoin Did While Tesla Rumors Went Off the Rails 🚀

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Now, I reckon if you’d asked Tom Sawyer about Dogecoin, he’d have thought it was some kind of riverboat poker chip, but folks these days have made it into a downright spectacle. Picture this: the rumor mill’s clanking away, talking ’bout Tesla swapping out ol’ Elon Musk himself—the very fella who’s half the reason Dogecoin ever comes up at adult dinner parties or bar stools. Turns out the company said, “No, we’re not looking for a new ringmaster. ‘Deliberately false,’” they called it. Capital letters. Internet fights are fun, ain’t they?

So while everybody with a pulse was waiting for DOGE to shoot off to the moon—and maybe circle Mars or two—what did it do? Why, it just sat there, flat as a Mississippi pancake. At around $0.175 each, up just 0.5% over the last day, which is less action than my Aunt Polly’s prize pig on a hot summer’s noon.

  • DOGE price: $0.18 (about the price of a lukewarm soda pop in Twain’s day!)
  • 24h volatility: 2.1% (hardly enough to ruffle Becky Thatcher’s bonnet)
  • Market cap: $26.62 B (more than all the rafts on the river put together)
  • 24h volume: $1.04 B (yes, that’s a “B” for “Bless your heart, that’s a lot”)

It is an EXTREMELY BAD BREACH OF ETHICS that the @WSJ would publish a DELIBERATELY FALSE ARTICLE and fail to include an unequivocal denial beforehand by the Tesla board of directors!

— Elon Musk (@elonmusk) May 1, 2025

Tesla’s been letting folks spend their Dogecoins on T-shirts and mugs since early 2022—tell me that isn’t one for the history books. And every sneeze or sniffle from Elon seems to jiggle the DOGE price chart. But this time? The coin barely blinked. Either folks are wising up, or they’re just napping at the wheel. Hard to say. 😴

Dogecoin ETF Stampede Gathering Steam

Meanwhile, somewhere on Wall Street, the bulls are snorting and pawing over whispers of a spot DOGE ETF. Bloomberg’s Eric Balchunas and James Seyffart say there’s an 80% chance of an SEC thumbs-up by the end of 2025. The last time odds were this high, Tom Sawyer got a fence painted for a nickel. Now it could mean millions in suits deciding DOGE is “respectable.” Imagine that!

Would love to hear directly from Atkins, but all good chance of happening. Here’s our latest odds of approval for all the dif spot ETFs via @JSeyff

— Eric Balchunas (@EricBalchunas) April 30, 2025

Nasdaq even filed a 19b-4 with the SEC (which sure sounds fancier than painting a fence), letting the 21Shares DOGE ETF try to sneak onto the big stage. And the Dogecoin Foundation’s business arm, gloriously labeled the House of Doge, is in on it. Every circus needs a ringmaster, I suppose.

While the bickering goes on, whale-sized wallets (I’m picturing the kind that could tip over a steamboat) gobbled up 100 million DOGE. That’s about $17.5 million, or as I like to call it: “enough money to swim in.” 🐳

Whales have bought 100 million #Dogecoin $DOGE over the past week!

— Ali (@ali_charts) May 1, 2025

DOGE Price Outlook: A Wild West Showdown

On DOGE’s daily chart, it’s wobbling just above the middle of the Bollinger Bands—think of it as holding its balance on a seesaw, not quite sure if it wants to fly up to $0.21 or flop down to $0.15 for a nap. RSI’s sitting at 53.7. That means the crowd’s neither cheering nor booing—call it “Missouri neutral.”

DOGE price chart | Source: TradingView

If it slips below $0.165, the bears might come out to play and knock it down to $0.15. But if DOGE breaks above $0.19, there might be enough excitement to float Huck’s raft across the blockchain.

$DOGE prints a textbook Accumulation Cylinder 🧐

According to this pattern, we should see a giant pump in the next few months 🔥 🚀

We don’t know what the catalyst will be, but something interesting is coming. Add here the BTC Dominance topping out and we have a perfect recipe…

— CryptoBullet (@CryptoBullet1) April 30, 2025

And would you believe it, the charts are even showing a so-called “Accumulation Cylinder”—which, far as I’m concerned, sounds like a device Huck Finn would use to catch catfish. But the market’s full of fancy talk, and CryptoBullet swears up and down we’re in for a big ol’ pump in the months ahead. Let’s just hope it’s not hot air. 🤠

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2025-05-01 14:58