Dogecoin and Trump Coin Soar as Donald Trump Leads the Race to the White House

Now that the prices of DOGE & TRUMP are going vertical, here's where these tokens may find new highs.

Cryptocurrency markets are witnessing a wild ride as the presidential race heats up in the United States. Among the surprising developments, Dogecoin (DOGE) is outperforming the market with an impressive surge.

As per data from CoinGecko, the volume over Bitcoin (BTC) surged to an astonishing level, surpassing $81 billion, which is nearly double the volume recorded on the previous day. This surge resulted in a new all-time high (ATH) for BTC at $75,000.

Interestingly, this move also led Dogecoin to surpass XRP for a brief period, making it the 7th largest cryptocurrency by market capitalization.

Meanwhile, the MAGA (TRUMP) token also witnessed a significant upswing, accompanied by a substantial rise in trading volume.

With both DOGE and TRUMP prices surging to new heights, let's delve into the potential for further上涨 and identify the levels where these tokens may encounter new peaks.

Dogecoin Price to Moon?

DOGE price has witnessed a remarkable surge of nearly 30% since the early trading hours. This rise comes after the coin maintained a strong ascending trend from the October lows.

The volume also surged by over 200%, reaching close to $10 billion for the first time since the 2021 bull run. This massive influx of volume is expected to propel the price to trigger a strong breakout above the multi-year trend line in a short while from now.

The recent move has helped the DOGE price break above the multi-year descending trend line after completing a parabolic recovery. The price has breached the resistance as it did back in 2021.

Thus, if a similar rally occurs, then the Dogecoin price may飆 to levels way higher than $1 in the next few months. The RSI is bullish and on the verge of entering the overbought range. As a result, the price is expected to maintain a healthy run hereafter.

On the other hand, TRUMP also experienced a similar rise in volume, which has pushed the levels close to the pivotal resistance.

The price is attempting to enter the crucial ascending triangle as the latest pump pushed the levels from the consolidation around $3.3. At the same time, the bears are trying to maintain the levels below $4.5, leading to a power struggle between the bulls and bears.

However, the technicals turned bullish, with the RSI rising above the average and the MACD on the verge of a bullish crossover. Hence, the MAGA (TRUMP) price is expected to break above $5, which could revive a strong rally towards double-digit levels.

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