Dogecoin Price News: Surges 6% as Trump Brings Back 2021-Era, DOGE, SHIB Rally Vibes
Dogecoin surged over 5% to $0.1811, driven by renewed speculative interest following Trump's comments on tariffs and potential dividends.Summary
Dogecoin (DOGE) rallied 5.2% to $0.1811, breaking the $0.1800 resistance level amid increased institutional buying and a broader rebound in meme coin sentiment. This surge followed former U.S. President Donald Trump's remarks pledging $2,000 dividends funded by tariffs, which spurred a rotation into speculative assets and risk trades, reminiscent of 2021-era rallies for DOGE and SHIB. The breakout was confirmed by a 180% increase in trading volume, indicating strong institutional accumulation. Technically, DOGE validated a short-term bullish reversal pattern, holding above key moving averages. Traders are now watching if DOGE can sustain support above $0.1800–$0.1804 to target higher resistance levels, with analysts noting Trump's rhetoric as a potential ongoing volatility driver for high-beta digital assets.
(Source：CoinDesk)