Trump's victory is DOGE's finest hour. The current growth in the asset's price is understandable - Musk's participation in Trump's election campaign, playing on the name of the token for Musk's alleged future agency D.O.G.E. And the story of Musk's entry into politics, in fact, has not even begun yet.
The asset is on a strong hype - when it became clear that Trump was winning, South Korean traders actively started trading #DOGE. It got to the point that at one point the 24-hour trading volume of DOGE/KRW on their top exchange#Upbitexceeded $1.5 billion, overtaking #BTC. The asset is currently in 8th place in the TOP-10 by crypto asset capitalization - $28.2 billion.
Haven't paid attention to#DOGEfor a long time after buying it on February 20, 2024, a week before the pump, at $0.08553. On a triple (on different TFs) signal from the EMA Ribbons indicator. Not a frequent occurrence and it worked out completely - as a result, the price at the moment was +168%. If we had our own indicator at hand then - perhaps we would have sold at least partially around $0.22. There was a strong signal of a potential high on the weekly TF.
As a result, the price then came to our entry point in the hunt for stops. But it turned around again. So far, without rewriting the April high. And on the weekly TF, the price again shows a potential high. However, this is only the first of three signals and two more weeks of growth is a very real scenario. Especially considering today's signal from the BTC dominance chart and (!) the fact that there is still every chance for the asset to return to a stable uptrend on the weekly TF. And as the history of the chart shows, such signals are very rarely false. Plus, since mid-October, the price has broken through the downward trend with ATH, set in the last cycle, with a retest.
