Dogelon Mars, crypto named after Elon Musk, looks poised to rally 70% on bull flag setup

Dogelon Mars, crypto named after Elon Musk, looks poised to rally 70% on bull flag setup
Dogelon Mars (ELON) price could rally 70%. Pic Credit: Dogelonmars.com

Key Takeaways

  • Dogelon Mars (ELON) price could rally 70% thanks to the bull flag formation on the charts
  • Several major cryptocurrency exchanges have listed ELON in the past week

YEREVAN (CoinChapter.com) – Dogelon Mars (ELON) crypto is a dog-themed meme coin named after Tesla CEO Elon Musk. It is the next canine-inspired cryptocurrency looking to replicate the successes of Dogecoin, Shiba Inu, and Floki Inu.

Despite the occasional bumps on the road, the ELON coin has maintained a decent run. Even though it has slightly dipped in price, it still runs over 4,700% above its all-time low of April this year, according to CoinStats

ELON could potentially welcome 2022 with a massive rally, according to the readings on the chart. The 12-hour chart on TradingView by the Poloniex exchange displays a bull flag setup. 

It is currently trading at $0.000001430, but the meme token looks poised for a massive 70% rally. Should that happen, the Dogelon Mars coin price could flip a zero to go as high as $0.0000235.

Dogelon Mars coin displays a bull flag on the price charts.
Dogelon Mars displays a bull flag on the charts. Credit: ELONUSDT on TradingView

The Dogelon Mars coin plays on several catchy terms in crypto, capitalizing on Elon Musk’s popularity. They use Musk’s name, the market craze of Dogecoin (DOGE), and even gave Elon’s hair to the Shiba Inu dog on the logo. 

The website has several short comics published that follow Dogelon’s adventures to Mars, where he meets friends. 

“Follow the story of Dogelon Mars as he explores the greatest mysteries of the galaxy and seeks to recolonize the planet he once called home with the help of the friends he’s made during his travels through the stars.” 

the website reads.
Recommended: Dogecoin Co-Creator revealed he holds less than $40K in DOGE

Major exchanges list Dogelon Mars (ELON) Coin

Dogelon Mars (ELON) is listed on several major cryptocurrency exchanges in the recent weeks.
Dogelon Mars (ELON) is listed on several major cryptocurrency exchanges. Pic Credit: Project’s website

The meme coins recent listings on major cryptocurrency exchanges have worked their magic. The Huobi and Gemini cryptocurrency exchanges recently boosted the meme coins rally by announcing the listing of ELON. The coin is also available on other popular platforms like KuCoin OKEx and Uniswap. 

In November, ELON’s price rallied by 120% following an announcement from the devs. The team announced plans to launch xELON, a governance token that facilitates decision-making and incentives for the ELON DeFi ecosystem. 

The team also announced that the next development phase would include building DeFi and staking opportunities with a new contract.

“Dogelon Mars is venturing into the next phase of development, building DeFi and staking opportunities with a new contract. At this very moment, construction is underway as the community leaders introduce DeFi and a new token to the ecosystem,”

the announcement read.

Last week ELON flipped Chainlink (LINK) to become the most traded token among the top 1000 ETH whales. Major Ethereum Whale tracking website WhaleStats announced the exciting Dogelon mars news on Twitter.

With speculations of a massive rally for major dog-themed meme tokens in 2022, Dogelon Mars might see better days ahead. After all, if SHIB aims for the moon, ELON is going to Mars. 

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Dogelon Mars, Dogelon Mars, crypto named after Elon Musk, looks poised to rally 70% on bull flag setup

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