THE Dogecoin price has increased by more than 10% in the last seven days, offering a bullish perspective for the first piece of memes. This development has occurred due to several factors, including Donald Trump’s decision to facilitate certain prices.
Why the price of Dogecoin jumped more than 10%
Coinmarketcap data Shows that the price of Dogecoin has jumped by more than 10% in the last seven days. This price wave specifically started over the weekend following reports that Donald Trump’s highly anticipated prices April 2 could be confined to sectors only and not as wide as fearing earlier.
Yesterday, in an address, Trump also mentioned that he could give many countries a rupture on reciprocal rates, a decision that could cool commercial wars and provide an optimistic perspective to the Dogecoin price and the prices of other risk assets. As such, it sparked a bullish feeling among investors who again seek to bet strongly on Doge, a decision that triggered this increase in memes.
Dogecoin’s price has also jumped due to The recent increase in Bitcoin Price up to $ 88,500. The first same corner shares a strong correlation of positive price with the flagship crypto. As such, DOGE is required to rally while BTC reaches new heights. Thanks to Bitcoin overvoltage, the wider market prospects for cryptography are optimistic, and Doge also benefits.
Dogecoin whales also accumulate actively in the midst of these developments, which contributed to the sharp increase in the price of Dogecoin. These whales bought more than 120 million DOGE last week. House of Doge, the company branch of the Dogecoin Foundation, also bought 10 million DOGE to launch its official Dogecoin reserve.
Doge ready for the rally at $ 1
In a post X, the Crypto Master Kenobi analyst suggested that the price of dogecoin is ready to come together at the psychological level of $ 1. This came by emphasizing a massive optimistic divergence that could propel Doge nearly $ 1 by June later this year. The analyst had previously revealed that Doge is mirror A bull model of the 2017 bull cycle. He predicted that the same part could reach $ 1.1 by June if it testifies to a second parabolic phase of this cycle, as in 2017.
The Crypto Krisspax analyst also mentioned that the Dogecoin price continues to negotiate a model similar to the 2017 bull cycle. He pointed out that if the second large escape of this cycle occurs, then Doge could go out above his current High of all time (ATH). His accompanying graphic has shown that the meme coin could come together at $ 4 when this break occurs.
At the time of writing the editorial staff, the DOGE price is negotiated at around $ 0.184, up more than 4% in the last 24 hours, according to CoinmarketCap data.
Felash star image, tradingView.com graphic
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