The current situation in the U.S. government is quite complicated. If Trump is elected, we might see a market rally, whereas if Harris is elected, a decline is possible. One of the major projects anticipating this news is Dogecoin. If Trump wins, DOGE could see a significant rally, mainly due to Trump’s strong supporter, Elon Musk. Whenever Musk’s name is mentioned, there tends to be an impact on DOGE, and Trump’s election would also be considered a victory for Elon. In this scenario, DOGE could experience a notable increase.
From a technical perspective, DOGE is currently at a key resistance level. If this resistance is broken, we may see a quick move toward the 0.22 region. However, the 0.18 level is also crucial; if this level fails to break, DOGE could start declining again. This potential drop may suggest Trump has lost the election. For now, we should only follow the breakouts. Entering a trade without a breakout could lead to a trapped position, so waiting is advisable.
DOGE Market Data
Price: $0.1742
Daily Change: +11.25%
Market Cap: $25.55B (+11.45%)
24-Hour Volume: $3.72B (+56.10%)
FDV: $25.55B
Volume / Market Cap (24 Hours): 14.20%
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