Dogecoin Price Soars 26% As Donald Trump Wins US Presidency And This PEPE Upgrade Zooms Past $25 Million

Dogecoin Price Surges, Trump's Election Prompts Optimism

The Dogecoin price has experienced a significant surge of 26% in the past 24 hours, reaching $0.2045 as of 02:37 a.m. EST. This rise coincides with the increased trading volume, which has skyrocketed by 227% to $10.3 billion.

The price surge is believed to be influenced by the recent US election results, where Donald Trump has emerged victorious over Kamala Harris. Trump has expressed support for cryptocurrencies, which may bode well for Dogecoin. Additionally, the possibility of Trump appointing Dogecoin enthusiast Elon Musk to head a Department of Government Efficiency (DOGE) further fuels optimism among investors.

Technical Analysis Indicates Potential for Continued Growth

According to the DOGE/USD chart analysis from GeckoTerminal, Dogecoin's price has been supported by a "cup and handle" pattern. The uptrend has resulted in the price trading above both the 50-day and 200-day Simple Moving Averages (SMAs), signaling a potential for further price increases.

Furthermore, a "golden cross" has formed around $0.128, where the 50-day SMA has surpassed the 200-day SMA. The Relative Strength Index (RSI) indicates overbought conditions, but the upward momentum remains strong.

Dogecoin Price Prediction

Overall, the technical indicators suggest a strong bullish trend for Dogecoin. If the momentum continues, the price could potentially reach $0.26. However, the overbought RSI suggests that a price correction may occur before further gains are made.

Alternative Meme Coin: Pepe Unchained

While Dogecoin continues to surge, investors are also showing interest in a Pepe alternative called Pepe Unchained (PEPU). This meme coin has rapidly gained popularity, surpassing $25 million in presale. According to 99Bitcoins, a YouTube channel with over 706K subscribers, PEPU could experience a significant rise of up to 100X after its launch.

Conclusion

The Dogecoin price rally, coupled with Trump's pro-crypto stance and the emergence of Pepe Unchained, has created a positive outlook for the cryptocurrency market. As investors continue to seek out meme coins with potential, Dogecoin and PEPU remain attractive options.