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Elon Musk’s $75 Mln Donation to Trump & the Impact on DogecoinCould CRYPTOCAP:DOGE Hit $1? In a striking move, Elon Musk, one of the most influential figures in both tech and crypto, has once again made headlines—this time for his massive $75 million donation to support Donald Trump’s presidential campaign. As Musk campaigns for Trump, Dogecoin ( CRYPTOCAP:DOGE ), the meme cryptocurrency Musk has championed, has seen a surge in price. Could this lead CRYPTOCAP:DOGE to hit $1? Elon Musk’s Role in Trump’s Campaign Musk’s $75 million donation to the America PAC, a pro-Republican group supporting Donald Trump, has positioned him as one of Trump’s top donors. This America PAC, which Musk created, champions core values such as secure borders, sensible spending, and free speech—principles that align with Trump’s policy objectives. Musk's political move also includes a series of campaign talks in Pennsylvania, one of the key battleground states in U.S. presidential elections. His influence in boosting Trump’s odds in Pennsylvania has already become apparent, with data revealing that Trump is 14% ahead of Kamala Harris in the state. Beyond the donation, speculation has risen about Musk’s role in the proposed "Department of Government Efficiency" (DOGE), a political initiative tied to Trump’s vision for improving government operations. This has led to renewed optimism for Dogecoin, with traders and investors anticipating a strong correlation between Musk’s political influence and CRYPTOCAP:DOGE ’s price trajectory. DOGE Price Gains Amid Political Buzz As of the time of writing, Dogecoin ( CRYPTOCAP:DOGE ) is trading at $0.1247, up nearly 7% in the last 24 hours. This surge comes despite broader selloffs in the crypto market, showing Dogecoin’s resilience. Volume has also spiked by over 50%, indicating renewed interest and momentum for the meme coin. Investors have flocked to CRYPTOCAP:DOGE , speculating that Musk’s close ties to the Trump campaign and potential government positions could help propel the coin higher. Rumors of Dogecoin reaching $1 have started circulating again as Musk’s political moves boost both optimism and price action. Technical Outlook From a technical perspective, Dogecoin ( CRYPTOCAP:DOGE ) is currently riding a wave of bullish momentum. The coin is trading above key moving averages, such as the 50-day and 100-day moving averages, which is a strong bullish indicator. CRYPTOCAP:DOGE has been in a prolonged falling wedge pattern, a classic bullish reversal setup. The Relative Strength Index (RSI) currently sits at 67, just below the overbought territory. This indicates that while CRYPTOCAP:DOGE still has room to grow, traders should be cautious of a potential short-term correction if the RSI crosses into the overbought range. Immediate resistance is set at the $0.15 pivot point. If CRYPTOCAP:DOGE breaks through this level, it could move into a more aggressive bullish phase, potentially pushing toward the much-anticipated $1 mark. However, failure to break this resistance could see the coin retrace to its support level around $0.12. Below this, CRYPTOCAP:DOGE could revisit its one-month low of $0.10. Is CRYPTOCAP:DOGE Primed for Growth? Dogecoin’s fundamental outlook has always been heavily tied to Elon Musk’s influence, and this latest move adds more fuel to the fire. Musk’s advocacy for the cryptocurrency and his high-profile donation to Trump’s campaign have bolstered confidence in the coin. Musk’s public appearances and ongoing support for Dogecoin ( CRYPTOCAP:DOGE ) have previously sparked massive price surges, as seen when CRYPTOCAP:DOGE rallied to $0.74 in 2021. With the upcoming U.S. election and Musk’s increased visibility, the possibility of a similar rally is not out of the question. Additionally, Musk’s involvement in the proposed "Department of Government Efficiency" ( CRYPTOCAP:DOGE ) under a Trump administration could provide CRYPTOCAP:DOGE with newfound utility, further elevating its value. This initiative could serve as a bridge between traditional governance and decentralized financial solutions, potentially opening doors for CRYPTOCAP:DOGE in the policy arena. What’s Next for Dogecoin? As the U.S. presidential election draws closer, CRYPTOCAP:DOGE may continue to see heightened volatility, driven largely by political developments and Musk’s involvement. If the momentum continues and Dogecoin breaks through key resistance levels, the $1 milestone could become a reality. For now, the immediate focus is on whether CRYPTOCAP:DOGE can maintain its bullish momentum as it approaches the $0.15 resistance. Investors are keeping a close eye on both the crypto market and the broader political landscape, which will likely have a profound impact on the meme coin’s future. Conclusion Elon Musk’s $75 million donation to Trump has not only amplified the political discourse but also reignited excitement for Dogecoin ( CRYPTOCAP:DOGE ). While CRYPTOCAP:DOGE has already seen impressive gains, much hinges on the upcoming election and whether Musk’s influence can continue driving the meme coin higher. Both technically and fundamentally, CRYPTOCAP:DOGE is positioned for potential growth, but as with any asset, caution and careful monitoring of market conditions are key. Could CRYPTOCAP:DOGE hit $1? Only time will tell, but with Musk’s backing, nothing seems impossible.
Long
by DEXWireNews
Elon to Mars or to drop dead?This weekly price action of Dogelon Mars (ELON) against Tether (USDT). Here's a detailed technical analysis based on my above chart: Descending Triangle Breakout (2022-2023) : The price formed a descending triangle, which is typically a bearish continuation pattern. However, in this case, it led to a breakout to the upside in early 2023. Ascending Channel (2023-2024) : Post-breakout, the price action has been following an ascending channel, with higher highs and higher lows. The channel is marked by two parallel trendlines indicating a gradual upward trend. Resistance Levels: 0.0000002383 USDT : This level acted as resistance multiple times. The price struggled to break above it in May 2023 and again in early 2024. 0.0000003992 USDT : This level marked a significant resistance point and a potential target for the next upward movement. 0.0000005180 USDT : This is the major resistance level to watch if the price breaks above the 0.0000003992 USDT resistance. Support Levels : 0.0000001745 USDT : This is the immediate support level. The price has tested this level multiple times, indicating its significance. 0.0000001244 USDT : This is a major support level and acts as the lower boundary of the ascending channel. The Stochastic RSI at the bottom of the chart is showing a crossover in the oversold region (below 20), indicating a potential bullish reversal. The blue line crossing above the orange line is a buy signal. Potential Bullish Scenario : - If the price respects the lower trendline of the ascending channel and the Stochastic RSI confirms a bullish crossover, there could be a rally towards the immediate resistance at 0.0000002383 USDT. - A successful breakout above 0.0000002383 USDT could lead the price to test the next resistance at 0.0000003992 USDT and possibly 0.0000005180 USDT. Bearish Scenario: - If the price fails to hold the support at 0.0000001745 USDT, a breakdown could occur, potentially leading the price to retest the major support at 0.0000001244 USDT. - A breakdown below 0.0000001244 USDT would invalidate the ascending channel pattern and could lead to further downside.
Long
by Z4F4R
Doge Megabull targets $2-3 by November 2025 - Up to 3,000% gainsHi everyone! Today, lets dive in the technicals and boom and bust cycles of Dogecoin: Short-term: Doge will likely for the rest of the 2024 year remain in sideways and bound in the wide range delimited with the: Support block (green box) at: 0.056-0.036; and, Top resistance block (red box) at: 0.11-0.16c. In the incoming days / weeks, I am expecting doge to rally (a bit similar to the blue fractal as reference) towards the top resistance block (red box) at 0.11-0.16c which would be a great opportunity to take a little profit off the table there. There is a chance that doge retraces down from that resistance block to the 0.07c support block again which would be a great rebuy in 2024. I do not anticipate lower target unless there is a black swan even, but I do not expect any currently. Midterm: There are clear patterns that repeat across Crypto on altcoins which I always point to for those familiar with my charting and in this case doge is clearly displaying those bottoming bull reversal patterns although still unconfirmed: (1) Basing with a double bottom at 0.056-0.036c (2) Rounding bottom (half blue circle) Long-term: Dogecoin has still not broken the top resistance block (red box) at 0.11-0.16c and is still very far from breaking the previous ATH at 0.74c~. So buying know at 0.088c (see the WE ARE HERE arrow) is still considered an extremely cheap entry and you could still make a whopping 3,000% in gains if my 2025 forecast plays out as expected and we see Dogecoin top at either T1: $2 or at T2: $3 by October 2025 through December 2025. Looking further ahead at the next bear market of 2026-2027 and based on the repetitive boom and bust cycles of doge and crypto, we could expect the final bottom to shape a nice rounding bottom bull reversal and double bottom buying opportunity at 0.61-044c! Closing Notes: This multiyear Dogecoin chart is my attempt at forecasting the action of doge for the next 4 years and will be updated regularly. Please give a like and follow to this chart if you appreciate this chart and the work put behind it. Best of luck and happy trading! Carl M.
POLONIEX:DOGEUSDLong
by BitcoinGuru
4
DOGE/USDT IS READY TO GO 10X FROM HERE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this DOGE/USDT Trade update. DOGE looks good here. Breaks out from the long-waiting descending triangle and looks like it starts a new uptrend rally from here. It breaks a very long more than 900 days downtrend which is a very good sign for this coin. Buy some here and accumulate more of this one in dips. This will surely give you a 10-12x return in the upcoming bull run. What do you think about this? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
DOGE ---> is ready for pump?!hello guys... as you can see I compare two time frames of dogeusdt! in the daily time frame, it is on descending channel and everything depends on it! if the middle line of the channel (I mean the yellow circle) it would be great for getting a long position or holding it! on the other hand in 4h time frame, you can see it formed an ascending channel and touched the top line very well, if this line breaks up and makes a consolidation upper then you can get a long position too! ______________________________ always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
30
Dogecoin Chart Pattern Suggests Volatility Explosion AheadDogecoin (DOGE), the meme cryptocurrency known for its wild price swings, has experienced an unusual period of calm this year, lagging behind the performance of Bitcoin (BTC) and Ethereum (ETH). However, a technical analysis with the Bollinger bandwidth indicator suggests that this tranquility may soon come to an end. Understanding Bollinger Bands: A Tool to Assess Dogecoin's Volatility The Bollinger bandwidth is a tool that illustrates periods of varying volatility relative to price movements. It is calculated by dividing the spread between the Bollinger bands by the 20-day simple moving average (SMA) of the cryptocurrency's price. Bollinger bands are volatility lines placed two standard deviations above and below the 20-day SMA average. When the distance between the two bands widens and the bandwidth increases, it indicates a period of rising volatility. Conversely, when the bands contract and the width narrows, it signifies a lull in volatility. An unusually wide or high bandwidth suggests that the current bullish or bearish trend is approaching its end, while an abnormally low bandwidth indicates that the market is on the verge of a significant move in either direction. Recent data shows that Dogecoin's daily chart has experienced contracting Bollinger bands, resulting in a bandwidth of 0.06, the lowest level since February 2019. This suggests that Dogecoin could soon experience a surge in volatility, as the bandwidth has a tendency to alternate between expansion and contraction. It's important to note that this anticipated volatility explosion is independent of price direction, meaning that the significant move can be either bullish or bearish. Looking Ahead: As Dogecoin prepares for a potential volatility spike, traders and investors should remain vigilant and be prepared for a pronounced price swing in the near future.
by cryptohopper
A Dime a DOGE?Looking at DOGE daily chart with BOLL BANDS, 200MA & S/R defined. The chart shows from Nov '22 but the colored lines date back to as far as Feb '22. So in technical analysis we don't consider what comes next for the DOGE icon on twitter. Nor do we wonder what the Musk wildcard might do. He could make it so you have to pay for blue in DOGE only, but from a TA perspective we can't think about that too much. That all being said let's look at the chart. Doge has been trading between $.05 - $.10 since May of 2022. The spike in Nov '22 retraced back into that channel and proved to be legless. Notice the five punctures of the upper BOLL band that astute traders would have loaded their shorts into. On a daily chart, rapid successive punctures of a wide, expanding upper BOLL band are never good news. Well, lo and behold we have rapid, successive punctures of a wide, expanding upper band on the past three daily candles. It's easy to think a retraction is coming over the next week. Now the good news is that the 200MA is finding strength within the middle of the bands, which should prove to be a strong support. This should come around $.083. The anticipated bounce off the 200MA will setup for the next battle at a dime. Ten cents is a relatively new price point to consider, with most of Doge's trading history well below that level. Given the recent rejection on April 3, I don't expect it to be an easy target; but if the challenge comes on sustained green volume it could be overtaken. I do think Doge will eventually pass a dime, with the next major resistance at $.158. This price point hammered down wicks in Feb, Apr, and Nov of last year. The first dance with the yellow line will be a great short opportunity. Should things ever go terribly wrong, longing a bounce off the black line should be a great op. Enjoy, NFA.
BINANCE:DOGEUSD
by ChartswithChip
DOGECOIN's perfect entry point?! Clear pattern 06.02.2023WOW! Very clear parallels highs and lows ascending tunnel pattern appears on chart. Buy entry around current rate 0.092 could be an easy ~10% catch to the peak of the tunnel at 0.107. Stop loss below the tunnel floor at around 0.0877 to be safe for false break could be a great immediate trade with much lower risk than potential reward. Good luck -------------------------------------------------------------------------------------- Always do your own research and practice caution when trading leveraged products! I appreciate any comment, question or interaction :) Thank you! --------------------------------------------------------------------------------------
Long
by Exactus
5
DogeCoin 4H AnalysisTrade Idea 🟡 #DogeCoin 4H ✍️The strength of the trend in Dogecoin is more likely to move up to the supply limits in the four-hour time frame. Consider two trading setups for buying or selling Dogecoin in the following ranges. 🔰 For buy a limit Orders👇👇 🟢Minor Order Block >🟢0.0.087$ -0.09$ 🟢Major Order Block >🟢0.079$ -0.082$ 🔰For Sell limit Orders👇👇 🔴Minor Order block >🔴0.113$ - 0.115$ 🔴Major Order Block> 🔴0.122$-0.1305$ 📊Poc (Point of Control) : 0.095$ ⚠️ Margin 1% For each position. ⚠️Use Tight Stop Loss. ✍️Desert Eagle 📊Analysis Method SMART Money Concept + ICT+ Volume Profile (DYOR) 📆11.27.2022 ⚠️This Analysis Will Be Updated⚠️ 💸Good Luck Traders.
Long
by Trader_Needs
1
$DOGEUSDT Supernova 💫❤️🕊️What Is Dogecoin? Dogecoin (DOGE) is based on the popular "doge" Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.
Long
by BADQOMOCAWGOWLD
2
PLSD PULSEDOGECOIN daily is continuing smashing other coinsPLSD : PULSEDOGECOIN DAILY CHART This is a new coin launched as a meme coin for the soon to launch PULSECHAIN Layer 1 Network that will spank ETH's lights out. PLSD will only realistically have 5-6 million tokens in circulation due to users must claim thier tokens from their wallets and only half of the 12 million total supply will probably be claimed. I belive this token will straight up be a monster compared to every other meme coin ever created. Dig into the website www.pulsedogecoin.app This asset has been ripping even in a bear market...so much to come with the PULSECHAIN LAUNCHING SOON.
PLong
by bylerzone
3