- Dogecoin surged 28% amid Trump’s early lead in the 2024 U.S. presidential race.
- Whale activity intensifies, driving bullish momentum.
In a bold surge, Dogecoin [DOGE] has skyrocketed 28% in the past 24 hours. This rally comes as former President Donald Trump takes an early lead in the U.S. presidential vote count, igniting a wave of speculative fervor across the crypto market.
The news has unleashed fresh enthusiasm among traders, fueling gains in meme assets and prompting high-volume trades from crypto whales.
Analysts suggest that Trump’s popularity among certain online communities may be fueling optimism in crypto circles, while traders and whales seize the moment, sending Dogecoin and similar assets on an upward trajectory.
Whale movements fuel DOGE rally
Source: TradingView
Dogecoin has shown a remarkable surge, gaining over 28% in recent trading sessions. The price currently sits at $0.2101, with a high of $0.2193 in the last 24 hours.
This sharp upward movement was accompanied by increased trading volume, reflecting strong buying interest.
The RSI at 77.84 was in the overbought zone, indicating potential for either continued bullish momentum or a pullback as traders may start taking profits. OBV was also rising, confirming that the uptrend is definitely supported by substantial volume inflows.
