Market-leading meme coin, Dogecoin (DOGE), surged by over 10% in the last 24 hours, touching a daily high of $0.164 as geopolitical and market catalysts aligned to create strong bullish sentiment.
Market-leading meme coin, Dogecoin (DOGE), surged by over 10% in the last 24 hours, touching a daily high of $0.164 as geopolitical and market catalysts aligned to create strong bullish sentiment.
At the time of writing, DOGE is trading at $0.1548, down slightly from the daily peak of $0.164 but still notably higher than the previous day’s close.
The meme coin’s sudden rally is fueled by two key developments: a surprise tariff rollback by United States President Donald Trump and a landmark ETF filing by crypto asset manager 21Shares.
On April 9, Trump announced a 90-day suspension of newly imposed tariffs for all nations except China. The decision came less than 24 hours after a wave of aggressive import taxes took effect, sparking panic across global markets.
Trump’s sudden reversal, which he characterized as a temporary “pause” to recalibrate policy, was well received by investors seeking relief from the escalating trade tensions.
Adding to the bullish momentum, 21Shares submitted an S-1 registration with the US Securities and Exchange Commission (SEC) on April 9 to launch the first-ever spot Dogecoin ETF.
The proposed fund would track the CF DOGE-Dollar US Settlement Price Index, with Coinbase Custody serving as the asset custodian.
The proposed ETF would offer traditional investors regulated exposure to DOGE without requiring direct ownership or digital wallet management.
Dogecoin (DOGE) Price Analysis: Momentum to Continue?
Despite the positive fundamentals, DOGE faces immediate resistance at the 20-day Exponential Moving Average (EMA), currently at $0.16588. A decisive breakout above this level could confirm the beginning of a short-term uptrend.
However, the Relative Strength Index (RSI) stands at 41.93, indicating that DOGE is still in neutral territory and not yet overbought. This leaves room for further gains, but also signals caution.
Source: TradingView
DOGE faces significant resistance at $0.1965, while short-term support is at $0.1413. A failure to hold this support could open the doors to a retest of the $0.10 psychological level.
The MACD indicator recently confirmed a bearish divergence with the signal line (orange) breaking above the MACD line (blue), turning the histogram red. However, the two lines are once again very close, suggesting a bullish divergence.
However, in the longer run, if a spot Dogecoin ETF debuts, there is a massive chance of the meme token making a push towards the long-awaited $1 price tag.
BTC Bull Rockets Past $4.5M Presale Milestone as DOGE Leads Meme Coin Comeback
BTC Bull (BTCBULL) is a reward-driven meme coin that lets holders earn free Bitcoin and $BTCBULL tokens every time Bitcoin hits a major price milestone.
The project is built around the belief that Bitcoin is headed to $1 million and aims to bring retail investors along for the ride – even those who can’t afford to buy a whole BTC.
As Bitcoin climbs past key price levels like $100K and $250K, BTC Bull distributes airdrops to early supporters, including real Bitcoin and additional $BTCBULL tokens.
This community-first approach is designed to reward loyalty and amplify gains as the bull cycle unfolds.
Source: BTC Bull Token
With over $4.5 million raised in its presale and a fast-growing following on social media, BTC Bull is positioning itself as the leading meme coin tied to Bitcoin’s next big rally.
To buy $BTCBULL, simply head to the BTC Bull official website and connect your wallet (e.g. Best Wallet).
You can purchase it using USDT, ETH, or a bank card to secure your position early.
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