Dogecoin Hits $0.2 Milestone While TRUMP Surges by 25% – What’s Next for These Tokens?
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.
Dogecoin Signals Bull Run with Key Support: Price Target Revealed!
Dogecoin (DOGE) recently displayed a bullish indicator that has traders excited. A MACD bearish cross just formed, often signaling that DOGE will trade sideways for about a week before potentially entering another bull run. As this cross appears now, many traders eagerly anticipate an upward surge. Crypto analyst Ali recently pointed out an important development for Dogecoin on the 4-hour chart. He observed that the TD Sequential indicator has issued a buy signal, suggesting that bullish momentum could be building. According to Ali’s analysis, if Dogecoin stays above the key support level of $0.141, it could rebound to reach approximately $0.162. Buy Signal and Price Target Identified by Analysts Ali’s chart analysis revealed that the TD Sequential displayed a “9” green buy signal. This particular signal suggests that an ongoing downtrend may be nearing exhaustion. Traders often view this pattern as a prime buying opportunity, as it suggests the price is poised for a correction upward. At the time of Ali’s analysis, DOGE traded around $0.1457 within a 4-hour timeframe. Closing above the $0.141 support level becomes essential for a potential bullish move. If Dogecoin falls below this level, the bullish outlook could fade. Critical Support and Current Price Action Currently, DOGE trades above the critical $0.141 support level, at about $0.156. This price movement further validates Ali’s identified buy signal and strengthens expectations for a rally toward the $0.162 target. This target level aligns with previous price action, where resistance might emerge if bullish momentum continues. Many traders are now hopeful that Dogecoin will continue this upward path. Technical Indicators Favor an Upward Move Ali highlighted that the “9” green buy signal, issued by the TD Sequential, typically points to the exhaustion of a downtrend. Many traders consider this a strong buying opportunity, as it indicates potential for an upward shift in price. Meanwhile, another analyst noted that Dogecoin’s 2-month Logarithmic MACD just turned bullish, which last happened before its major rally in 2021. This crossover reinforces positive momentum, suggesting a potential breakout. Read Also: LUNC 24-hour Price Analysis: Strong Resistance Near $0.00009300 As Bulls Battle For Dominance Outlook for Dogecoin in November 2024 Looking at November’s trends, analysts predict that Dogecoin may see a parabolic bull run. If Dogecoin holds above the $0.141 support, traders may see considerable gains as market conditions stabilize post-election. With multiple technical indicators aligning and historical patterns pointing to similar gains, the outlook for DOGE this November remains optimistic.
