Lokesh Gupta
22-01-2025
Dogecoin Price Surge Amid Trump’s Second Inauguration
In the last 24 hours, Dogecoin (DOGE) price is up by 8.20%. This price rally came after Trump's second inauguration as the trump memecoin is up by 140% till the time of writing. Will Dogecoin follow the same path?
Ali Martinez reported a tweet on X platform that whales bought 590 millions Dogecoin in the last 24 hours as data shown by Santiment. After trump memecoin rally now the trader bet on DOGE coin rally as the memecoin is supported by the Elon Musk.
As per Ali chart, Dogecoin $DOGE price is still trading above the symmetric triangle breakout zone, showing resilience and potential for further upside in the coming months. On 14th January, the Memecoin break the pattern now aiming for the target of approx $0.50000 as it the height of the adding to its breakout point.
As per Ðima James Potts, Dogecoin’s weekly chart highlighted its price performance following the last two inaugurations.
He noted that during the 2017 cycle, DOGE saw an impressive 30x price increase after the inauguration. Similarly, in 2021, the meme coin outdid itself with an 80x rally following the event.
These patterns have set high expectations for the current 2025 cycle. With DOGE trading at $0.38 on the eve of the inauguration, Potts projects that a 55x growth—calculated as the average of the previous cycles—would bring its price to an astonishing $20.
The combination of historical trends, whale activity, and technical indicators suggests a bullish outlook for Dogecoin. As the market buzz continues to build, traders are keeping a close eye on DOGE’s performance in anticipation of another explosive rally.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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