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>>Dogecoin Forecast: Following the Collapse of Trump's DOGE Division, Why Is the Coin Still Rising?

Dogecoin Forecast: Following the Collapse of Trump's DOGE Division, Why Is the Coin Still Rising?

crypthub

1 day ago

Unexpected Bullish Move

The U.S. Office of Personnel Management confirmed the shutdown of the Department of Government Efficiency (DOGE), a move that many expected to hurt the meme coin. Instead, Dogecoin rose, showing that its price often ignores conventional news. The closure followed reports of tension between former President Trump and Elon Musk, adding political drama to the mix. This surge reinforces the notion that meme coins operate on their own dynamics.

Price Support and Upside Potential

Dogecoin gained 1.1% in the last 24 hours while trading volume jumped 20%, indicating market resilience. The token is holding steady at a key $0.13 support level that previously sparked a sharp rebound. If history repeats, the price could double from this base, targeting $0.29 and possibly $0.47, a 224% increase from current levels. Traders view this zone as a catalyst for a broader rally.

Market Reaction

Recent bearish sentiment faded after Dogecoin broke a long‑standing trend line, dropping from $0.15 to $0.13. The support at $0.13 has steadied, encouraging buyers to re‑enter. Momentum may push the token toward its recent swing high, testing the $0.29 mark. A successful retest could reignite the recovery seen earlier this year.

Related Meme‑Coin Project

Maxi Doge ($MAXI) raised over $4 million in its presale, aiming to blend meme energy with a trader‑first ecosystem. The platform features leaderboard contests and allocates up to 25% of funds to high‑leverage trades, with profits fueling aggressive marketing. Participants can join via the official website using compatible wallets or bank cards. The project seeks to capitalize on the renewed interest in meme‑coin trading.