Dogecoin Price Jumps 3% After Trump-Musk Interview And As Experts Say This DOGE 2.0 Might 10X

Dogecoin Price Surges

In the past 24 hours, the price of Dogecoin has risen by 3%, now trading at $0.106 with a trading volume surge of 28% to $817 million.

This increase follows an interview between former U.S. President Donald Trump and Elon Musk. While bettors initially predicted a 60% chance of Trump mentioning digital assets, he ultimately did not.

The interview covered various topics, including immigration, economics, artificial intelligence, and climate change.

Dogecoin's Bullish Trajectory

Since August 5th, the price of Dogecoin has been on a steady upward trend. According to GeckoTerminal data, it has risen from $0.0878 within an ascending channel pattern.

Currently trading above the 50-day Simple Moving Average (SMA), bulls aim to break out of the channel. Should the momentum continue, Dogecoin could potentially surpass the 200-day SMA at $0.1169.

The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) also indicate bullish sentiment. The RSI is trading near the 50-midline, suggesting equilibrium with a potential for a bullish rally. The MACD line is above the zero line, with a bullish crossover between the blue MACD and orange signal lines.

This bullish crossover may encourage investors to buy more, potentially pushing the price of Dogecoin above the channel. If the momentum continues, bulls could target $0.138.

Bullish Indicators and Potential Supports

A bullish continuation could lead to a further price increase for Dogecoin. However, if bears gain control, the price could retreat to the $0.095 support level.

PlayDoge: A Promising Dogecoin Alternative

As the price of Dogecoin rises, investors are also showing interest in PlayDoge (PLAY), a play-to-earn (P2E) meme coin. According to analysts, PLAY has the potential to surge 10X after its launch.

PlayDoge combines the popular meme coin concept with 90s-style gaming, particularly Tamagotchi. Players can earn rewards by caring for their virtual pets and completing adventures.

In addition to P2E rewards, token holders can passively earn 77% annual rewards by staking $PLAY.

To participate in the presale, interested individuals can purchase $PLAY tokens for $0.00528 each on the official website.