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Research on Dogecoin GOGE
DOGE has surged significantly, rising 16% in just 24 hours and 25% over the past week.
The renewed interest in DOGE stems from the market's recovery and growing expectations of Elon Musk's potential involvement in shaping crypto-friendly policies under the Trump administration.
Shortly after Trump won the U.S. election in early November, DOGE's price began to skyrocket due to Musk's upcoming prominent role in the new government, along with his rich history and support for the largest meme coin.
The asset soared to triple digits within weeks, peaking at nearly $0.485. However, it began to lose momentum in December and dropped significantly during a mid-month correction. Within days, Dogecoin fell from $0.41 to $0.26.
After the sharp decline, the coin reacted well, almost immediately rising to $0.35. However, Dogecoin failed to rise further, hovering in a narrow range between $0.31 and $0.34 for several weeks. In recent days, the overall market situation has changed. Due to whales accumulating a large number of tokens during the correction and consolidation phase, the outlook for DOGE has become particularly optimistic.
As a result, the value of the meme token quickly skyrocketed. In just 24 hours, DOGE rose 16%, breaking above the resistance level of $0.34, and is currently trading well above $0.39. On a weekly basis, it has increased by 25%, nearing $0.4.
Nevertheless, it will be interesting to track Dogecoin's performance in the coming weeks, especially after Trump's inauguration on January 20 and Musk's DOGE department.
Follow me for the latest news and information from the crypto world.
DOGE has surged significantly, rising 16% in just 24 hours and 25% over the past week.
The renewed interest in DOGE stems from the market's recovery and growing expectations of Elon Musk's potential involvement in shaping crypto-friendly policies under the Trump administration.
Shortly after Trump won the U.S. election in early November, DOGE's price began to skyrocket due to Musk's upcoming prominent role in the new government, along with his rich history and support for the largest meme coin.
The asset soared to triple digits within weeks, peaking at nearly $0.485. However, it began to lose momentum in December and dropped significantly during a mid-month correction. Within days, Dogecoin fell from $0.41 to $0.26.
After the sharp decline, the coin reacted well, almost immediately rising to $0.35. However, Dogecoin failed to rise further, hovering in a narrow range between $0.31 and $0.34 for several weeks. In recent days, the overall market situation has changed. Due to whales accumulating a large number of tokens during the correction and consolidation phase, the outlook for DOGE has become particularly optimistic.
As a result, the value of the meme token quickly skyrocketed. In just 24 hours, DOGE rose 16%, breaking above the resistance level of $0.34, and is currently trading well above $0.39. On a weekly basis, it has increased by 25%, nearing $0.4.
Nevertheless, it will be interesting to track Dogecoin's performance in the coming weeks, especially after Trump's inauguration on January 20 and Musk's DOGE department.
Follow me for the latest news and information from the crypto world.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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