Dogecoin

TRUMP

Dogecoin is outperforming the market as Donald Trump leads the race to the White House. Moreover, the volume over Bitcoin surged above $81 billion, almost doubled compared to the previous day, resulting in a new ATH at $75,000. With this move, Dogecoin surpassed XRP for a while to become the 7th largest crypto by the market cap. Besides, MAGA (TRUMP) price has launched a massive upswing with a huge rise in the trading volume  
Now that the prices of DOGE &amp; TRUMP are going vertical, here’s where these tokens may find new highs.&nbsp;  
The <a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin price</a> has triggered a massive rise of nearly 30% since the early trading hours after maintaining a strong ascending trend from the October lows. The volume increased by more than 200%, reaching close to $10 billion for the first time since the 2021 bull run. With the large influx of volume, the price is expected to trigger a strong breakout above the multi-year trend line in a short while from now.&nbsp;  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/06125045/image-71-1024x499.png" alt="" class="wp-image-376483">
</figure>  
The recent move has assisted the DOGE price to break above the multi-year descending trend line after accomplishing a parabolic recovery. The price has broken the resistance as it did back in 2021. Hence, if a similar rise occurs, then the Dogecoin price may range way high beyond $1 in the next few months. The RSI is incremental and trying to enter the overbought range. As a result, the price is believed to maintain a healthy run hereafter.&nbsp;  
On the other hand, TRUMP also experienced a similar rise in volume, which has elevated the levels close to the pivotal resistance.&nbsp;  
<figure class="wp-block-image size-large"><img src="https://image.coinpedia.org/wp-content/uploads/2024/11/06125045/image-71-1024x499.png" alt="" class="wp-image-376482">
</figure>  
The price is attempting to enter the crucial ascending triangle as the latest pump elevated the levels from the consolidation around $3.3. Meanwhile, the bears are trying to restrict the levels below $4.5, due to which the bulls and bears have ended up in a power struggle. However, the technicals have turned bullish, with the RSI rising above the average and the MACD about to undergo a bullish crossover. Therefore, the MAGA (TRUMP) price is expected to rise above $5, which could revive a strong rise towards a double-digit figure.&nbsp;

Dogecoin Smashes $0.2 While TRUMP Soars by 25%—Here’s What’s Next for These Tokens

CoinPedia News

Other articles published on Nov 6, 2024

Deeptech Robotics Startup CynLr Secures $10 Million Series A Funding to Expand Global Team

Analysts Forecast This Ethereum Altcoin Will Be The Quiet Contender That Could Surpass Ethereum A...

TEAMZ Web3・AI Summit 2025: Bringing Global Leaders to Tokyo

Here Are 10 Cryptocurrency Promises Donald Trump Says He Will Keep If Elected – First, He’ll Fire...

Experts Predict Significant Developments in Cryptocurrency Markets

Dogecoin Surges Amid Musk and Trump Connections

Join our free newsletter for daily crypto updates!