DOGE Price Eyes 270% Surge as Technical Indicators Signal Bullish Momentum
In a potential turnaround for the meme coin, Dogecoin (DOGE) appears to be gearing up for a significant price surge, with technical analysis suggesting a possible 270% increase. Here’s a closer look at the factors driving this optimism.
Dogecoin Price Prepares For Possible 270% Surge
Dogecoin has been defying broader market weakness by establishing a series of higher lows. Technical indicators suggest that Dogecoin could be setting the stage for an explosive rally. A Dogecoin price chart shared by crypto analyst Javon Marks reveals a critical shift in momentum, with the meme coin breaking out of a descending trendline, signaling the potential end of its bear cycle. Since reaching a cycle low, Dogecoin has consistently posted higher lows, a common sign of growing buying pressure and a steady uptrend. Analysts are predicting a 270% surge to a new price high.
JD Vance: Elon Musk Won’t Be Sidelined by Trump, Remains Close to Administration
JD Vance stated in a Fox News interview that Elon Musk would continue to remain close to the administration even after serving 130 days as a special government employee. Rumors of Musk being sidelined first emerged on Politico, but Vance clarified that the billionaire was not close to done with his work. Musk had signed up to serve the administration for six months, which aligns with his own plans. Musk had been actively involved in Wisconsin Supreme Court election race, spending $20 million on campaigning and even handing out $1 million cheques to voters.
Dogecoin (DOGE) Bleeds Further, Testing Investor Patience
Dogecoin (DOGE) has started a fresh decline from the $0.180 zone against the US Dollar. The cryptocurrency is currently consolidating and struggling to recover above the $0.1680 level. The price has dipped below the $0.1750, $0.1720, and $0.170 support levels, with a break below a key bullish trend line on the hourly chart. If the price breaks the $0.1550 support zone, further losses could be expected.
