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Dogecoin Pulls Back After Tesla's Merchandise Sale: Is The Crypto Resting Before Next Leg Up?

Posted by Melanie Schaffer on Tuesday, January 18, 2022, In : Technical Analysis 

On Monday, Dogecoin (CRYPTO: DOGE) continued to give back the gains, and more, that were propelled by Tesla, Inc’s (NASDAQ: TSLA) decision to begin accepting the crypto as payment for some of its merchandise.

Dogecoin soared over 25% higher at one point on Friday after Tesla listed some of the products for sale on its website in Dogecoin, including its Cyberwhistle and Cyberquad for Kids which cost 300 DOGE and 12,020 DOGE, respectively.

When Dogecoin hit 21 cents on Friday, the Cyberquad wou...


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