DOGE’s 12% Surge: Elon Musk’s Tweet and AIXA Miner Fuel Bullish Momentum

Dogecoin (DOGE) has experienced a significant 12% price surge within just 48 hours, driven by a cryptic tweet from Elon Musk on X (formerly Twitter). This rally underscores the meme coin's growing utility, with speculation mounting about Tesla potentially reinstating DOGE payments for its Supercharger services. Additionally, developers have announced a LAYER 2 scaling upgrade aimed at reducing transaction friction, further boosting investor confidence. While retail traders capitalize on the volatility, AIXA Miner has emerged as a regulated cloud mining platform offering passive DOGE earnings, adding another layer of interest to the cryptocurrency's ecosystem. As of August 7, 2025, DOGE's resurgence highlights its evolving role in the digital asset space, blending meme culture with tangible utility.

Dogecoin Surges 12% Following Elon Musk Tweet; AIXA Miner Offers Passive DOGE Earnings

Dogecoin (DOGE) has rallied over 12% in 48 hours after Elon Musk's cryptic reference on X (formerly Twitter). The meme coin's resurgence reflects growing utility, with Tesla potentially reinstating DOGE payments for Supercharger services and developers announcing a Layer 2 scaling upgrade to reduce transaction friction.

While retail traders chase volatility, AIXA Miner emerges as a regulated cloud mining solution for passive DOGE accumulation. The platform enables automated daily yields without active trading—a trend gaining traction among crypto investors seeking exposure to Dogecoin's evolving ecosystem beyond its meme origins.

Dogecoin (DOGE) Price: Golden Cross Formation Signals Potential Rally in August

Dogecoin's price has retreated 30% from its July peak of $0.28, testing a crucial support level at $0.19. Despite the pullback, a golden cross formation in late July maintains a bullish long-term outlook. Momentum indicators show mixed signals—the RSI has cooled from overbought territory to below 50, while the MACD has turned bearish.

Exchange data reveals trader optimism, with Binance and OKX showing long-to-short ratios of 3:1 and 3.6:1, respectively. Macroeconomic pressures, including new trade policies and Fed rate decisions, have created headwinds for crypto markets. The $0.19 level now serves as a critical battleground—a breakdown could see targets at $0.17 or even $0.15, while a bounce may reignite momentum toward $0.22-$0.24.

Dogecoin Enthusiasm Wanes as Traders Pivot to Unilabs Finance for Potential 25x Gains

Dogecoin's recent price volatility has shaken investor confidence, with the meme coin struggling to maintain momentum after a sharp retracement from its $0.28 peak. Technical analysis shows Doge testing critical support at the 0.618 Fibonacci level, currently trading around $0.20 amid a 7.4% weekly decline.

Meanwhile, Unilabs Finance emerges as a dark horse contender, attracting attention with its $0.0097 presale that has already raised $11 million. Market analysts suggest this undervalued project could deliver substantial returns by 2025, potentially outperforming established meme coins.