Dogecoin Smashes $0.2 While TRUMP Soars by 25%—Here’s What’s Next for These Tokens

Dogecoin Surges with Trump's White House Aspirations

Dogecoin is outperforming the market amidst the buzz surrounding Donald Trump's presidential campaign. Trading volume has skyrocketed, surpassing $81 billion, nearly doubling from the previous day. This surge has driven Dogecoin's market capitalization to $75,000, briefly placing it ahead of XRP as the seventh-largest cryptocurrency.

Dogecoin Price Projections

Since the early trading hours, Dogecoin has experienced a 30% increase, continuing its upward trajectory from October lows. Volume has surged by over 200%, reaching $10 billion for the first time since the 2021 bull market. This influx of volume is expected to propel a breakout above a long-term trend line in the near future.

The parabolic recovery has led Dogecoin to break a multi-year descending trend line. If a similar trajectory continues, the price of Dogecoin could rise significantly, potentially exceeding $1 in the coming months. The RSI is rising, indicating a potential entry into the overbought range, suggesting a sustained bullish run.

TRUMP Price Predictions

Similar to Dogecoin, TRUMP has seen a surge in trading volume, pushing its price close to a crucial resistance level.

Currently, there is a power struggle between bulls and bears, with bears attempting to keep the price below $4.5. However, technical indicators are bullish, with the RSI rising above average and the MACD signaling a potential crossover. This suggests a potential rise above $5, which could reignite a strong rally towards double-digit territory.