Elon Musk is known for his support of the meme cryptocurrency Dogecoin. Every time he posts something about the altcoin, its price skyrockets. However, the community hopes that the billionaire will take DOGE even further - to Mars.
Today, Dogecoin (DOGE) has corrected to $0.30, but faces a rejection of the recent high. The price has pulled back to the low of $0.28. If DOGE holds above the current support, the market will rise to break the initial resistance at $0.30.