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DOGE Surges Following Elon Musk Comments on the Meme Coin

Dogecoin was one of the only crypto tokens to trade higher on Saturday, as comments from Elon Musk boosted prices. Speaking in a Twitter Spaces centered around the FTX collapse, Musk was heard saying: “Doge to the moon.” Solana on the other hand extended its declines, falling by over 15%.

Following a low of $0.0793 on Friday, DOGE/USD rose to a peak of $0.09399 earlier in today’s session. This surge saw the token climb by as much as 6%, breaking out of a key resistance level of $0.08900 in the process.

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