HomeCoinsDogecoin Hits $0.2 Milestone While TRUMP Surges by 25% – What’s Next...

Dogecoin Hits $0.2 Milestone While TRUMP Surges by 25% – What’s Next for These Tokens?

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Dogecoin has seen a significant rally, closely following Donald Trump’s momentum in the presidential race. Additionally, Bitcoin trading volume has spiked, reaching over $81 billion, nearly doubling from the previous day and achieving a new all-time high of $75,000. With this surge, Dogecoin briefly overtook XRP, ranking as the 7th largest cryptocurrency by market cap. Meanwhile, MAGA (TRUMP) has experienced a steep upswing with a sharp increase in trading volume.

Where Dogecoin and TRUMP Could Head Next

Dogecoin’s price has rallied by nearly 30% from the October lows, maintaining a steady upward trend. Trading volume has surged over 200%, hitting close to $10 billion for the first time since the 2021 bull run. This influx of volume positions Dogecoin for a strong breakout above its long-standing trend line.

source: Trading view 

The recent price movement allowed Dogecoin to break through a multi-year descending trend line, echoing the 2021 parabolic rally. If a similar pattern follows, Dogecoin could potentially surpass the $1 mark within the coming months. Currently, the RSI is climbing and approaching the overbought zone, indicating potential for sustained upward momentum.

Read Also: Dogecoin Signals Bull Run with key support: price target revealed 

source: Trading view 

TRUMP Token Sees Volume Spike, Approaching Key Resistance Levels

TRUMP has also experienced a volume increase, pushing it close to a critical resistance level. The token is attempting to enter a crucial ascending triangle as recent price gains lifted it from consolidation around $3.3. However, bears are working to contain the price below $4.5, resulting in a power struggle with the bulls.

https://twitter.com/acinemaboy/status/1853516056528036321?t=NN_MYrtlrnQkyfraeKAeXg&s=19

Despite this, TRUMP’s technical indicators have turned bullish. The RSI has risen above its average, and the MACD is nearing a bullish crossover. Given these conditions, MAGA (TRUMP) is expected to rise beyond $5, potentially setting the stage for further gains toward double-digit figures.

https://t.me/acinemaboy

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