Dogecoin DOGE/USD is trading higher by some 9.18% to $0.139 Tuesday morning, though off the day's high of $0.157. Per the Benzinga overnight newsdesk, the rise in the meme crypto followed a tweet fromElon Musk,where the CEO of Tesla shared a photo of a Shiba Inu dog wearing a Twitter-branded t-shirt.

See Also:If You Invested $1,000 In Dogecoin When Elon Musk Revived His $44B Twitter Offer, Here's How Much You'd Have Now

Our Benzinga team has also reported some analysts are predictingsignificant momentum ahead,which could see it cross the 50-cent mark.

Doge has been on the run-up since CEOElon Musktook over Twitter. Nearly$140 million of the meme coin has been liquidatedsince then. $80 million has been liquidated from traders holding short positions.

Santimentnoted that social dominance has been a primary indicator for DOGE as crowd hype spikes have created local tops, and crowd fear foreshadowed bottoms. The market intelligence platform noted in a tweet that DOGE-related discussions peaked at Saturdays local top and that the meme coin is still decoupled from markets….Read More