DOGE（狗狗币）recent performance has been strong, becoming one of the market's focal points. With Bitcoin prices continuing to rise, briefly breaking through $81,800 and stabilizing around $81,000, Dogecoin has also been positively affected. Especially after Trump's election, the cryptocurrency market has generally welcomed a bullish rebound, with DOGE seeing an astonishing increase of over 95% last week and nearly 30% in the past 24 hours.
The attention on Dogecoin, apart from its own technical characteristics, is also significantly influenced by Musk's continued support. His tweets and public statements have provided strong momentum for DOGE's price, even pushing it to the sixth position in market capitalization, surpassing many traditional stablecoins like USDC. Recently, DOGE's price broke through $0.29, setting a new annual high and further stimulating bullish sentiment in the market.
However, Dogecoin is quite volatile, especially after experiencing a sharp pullback last Sunday. Nevertheless, for those investors who began positioning DOGE a few days before the election, this rebound has evidently brought them considerable returns. In the future, whether DOGE can continue to maintain its strong upward momentum will still need to pay attention to the movements of key figures like Musk and the overall market sentiment changes.
