Airdrop Army

DOGE Rockets Amid Social Hype, New Political Twist

Dogecoin surged 5% in the last day, topping out at $0.3918, leaving the broader crypto market in its meme-fueled dust. While the total crypto scene nudged up just 0.9%, hitting $3.09 trillion, DOGE moved faster. According to Cointelegraph Markets Pro and TradingView, it’s been on a wild ride since early November. The memecoin leaped from $0.1420 on Nov. 3, peaking at $0.4329 by Nov. 12, a monster 209% rally.

But DOGE remains down 11% from that summit. Still, all eyes are on the coin as rumors and headlines swirl, pushing traders to keep tabs on the memecoin’s moves.

Trump’s Pick and Elon Musk Set Fire to the Market

Investor chatter has reached fever pitch, as Trump’s recent nod to Elon Musk adds more fuel to the DOGE rocket. The President-elect tapped Musk, tagging him for a new Department of Government Efficiency—cryptically called D.O.G.E.—and that spurred the crowd. The news hit like a lightning bolt, lighting up social feeds, with DOGE mentions on X (formerly Twitter) climbing steeply.

Musk, forever tied to DOGE’s story, keeps popping up. His “Doge Father” persona is no joke, as his posts regularly pump DOGE’s trajectory. This latest boost has only spurred more attention, because retail and whales alike love to follow Musk’s hype.

Whales Snag DOGE During Market Pullback

Some big-pocket players weren’t sleeping when DOGE dipped recently. During a market lull, DOGE whales—holding between 10 and 100 million DOGE—piled on. They scooped up about 140 million DOGE, around $56 million worth, between Nov. 17 and Nov. 18. That spree nudged prices higher again, anchoring DOGE just above $0.35 and hinting at more bullish bets to come.

Tech Charts Signal Bullish Signs, But Traders Stay Wary

Charts don’t lie—DOGE’s price action set up a bull flag pattern, a tell-tale sign of potential upside. If the memecoin breaks $0.40 resistance, it could head toward $0.87. Yet caution hangs in the air, because DOGE’s daily relative strength index shows 77—overbought territory. A quick drop to $0.355 wouldn’t shock anyone if traders start taking profits.

If pressure builds, DOGE might slide further to the psychological $0.30 level. Yet, even a modest move lower hasn’t spooked the faithful. Traders still watch closely, waiting to see if the next pump will take DOGE back into new highs.