Dogecoin

Donald Trump

<p>During the U.S. presidential election, <strong>Dogecoin</strong> (DOGE) has seen a surge in demand, with large whale transactions propelling it higher. With a <strong>12% price increase</strong> and a 75% rise in trading volume, technical and on-chain indicators suggest DOGE may be primed for a substantial rally.</p> 
<p><a href="https://www.qubetics.com/?utm_source=TNYR&amp;utm_medium=postBANNER" target="_blank" rel="noopener nofollow"><img loading="lazy" decoding="async" class="size-full wp-image-24541 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/10/Qubetics-is-728x90-1-1.jpg" alt="Qubetics is 728x90 1 1" width="728" height="90" title="Meme Coin Momentum: Dogecoin Rally Gains Investor Attention 51"></a></p> 
<h2 id="doge-demand-rises-amid-election-impact">DOGE Demand Rises Amid Election Impact</h2> 
<p>The ongoing election and reports of crypto-friendly candidate Donald Trump leading have sparked further interest in DOGE. The excitement surrounding Trump’s potential win is seen as a catalyst for Dogecoin’s price, which has risen by over 12% in the last 24 hours. Whale Alert reported that, on November 5, 2024, over 1.06 billion DOGE (approximately $180.22 million) were transferred in two large transactions on Binance and Robinhood.</p> 
<h2 id="dogecoin-price-analysis-key-resistance-broken">Dogecoin Price Analysis: Key Resistance Broken</h2> 
<p>Technical analysis shows that DOGE recently broke a crucial resistance level of $0.1785, and is currently trading around $0.18. If the price closes above $0.184, it could surge by another 20%, potentially reaching $0.22. DOGE is now trading above its 200-day Exponential Moving Average (EMA), a strong bullish indicator signaling potential upward momentum.</p> 
<p><img loading="lazy" decoding="async" class="size-full wp-image-27769 aligncenter" src="https://www.turkishnyradio.com/wp-content/uploads/2024/11/chart23.jpeg" alt="chart23" width="1618" height="1200" title="Meme Coin Momentum: Dogecoin Rally Gains Investor Attention 52" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/11/chart23.jpeg 1618w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/chart23-768x570.jpeg 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/11/chart23-1536x1139.jpeg 1536w" sizes="(max-width: 1618px) 100vw, 1618px"></p> 
<h2 id="bullish-indicators-and-whale-activity">Bullish Indicators and Whale Activity</h2> 
<p>DOGE’s positive trend is reinforced by on-chain data. According to IntoTheBlock, large DOGE transactions have increased by 27.15%, indicating heightened interest from major investors. These strong on-chain signals suggest that DOGE’s market momentum may continue to build.</p> 
<p>The combination of election-driven demand and substantial whale transactions reflects a bullish outlook for DOGE in the near term. As <a href="https://www.turkishnyradio.com/2024-election-massive-bitcoin-bull-run/" target="_blank" rel="noopener">election</a> results unfold, investors are eyeing the possibility of new highs for Dogecoin.</p>

Meme Coin Momentum: Dogecoin Rally Gains Investor Attention

Table of Contents

TNYR

Other articles published on Nov 6, 2024

Bitcoin Hits New High of $71K Amid Early Vote Counts Showing Trump’s Lead Over Harris

Trump’s Victory Sends Dogecoin Soaring: Analysts Weigh In on the Meme Coin’s Future

The Most Viewed Cryptocurrencies Today: How Grass, AI Companions, Solana, and Sui are Reshaping t...

Dogecoin (DOGE) Price Soars 22% in Hours: Here’s Why

Crypto voters have spoken decisively, says industry leaders

A recession is almost guaranteed for Europe after Trump returns to the White House

Join our free newsletter for daily crypto updates!