This is expected as Elon has a lot of followers and we've already seen before his effect to the crypto market.
DOGECOIN is the first cryptocurrency that I bought because of Elon but sold all of it at some point. I have no regrets though, the time where I can easily be affected by FOMO is past long gone. As you have said, DOGE is currently overbought. The best move right now might be to short it (Not a financial advice). 😁
!1UP
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That's right my friend, we already know the influence Elon has on the cryptocurrency market, and how FOMO can drive many to turn to this particular cryptocurrency.