Trump supports cryptocurrencies, and he is slightly ahead of Harris in several important states in the United States. At this time, Dogecoin suddenly became popular and the price soared.
Dogecoin began to rise after Trump held a rally in Madison Square Garden. Musk is said to have said at the rally that his Dogecoin plan could save American taxpayers a lot of money. Since that rally, the price of Dogecoin has soared, and it has risen better than other funny Shiba Inu coins, Pepe, Dogwifhat and Bonk.
The reason why Dogecoin can rise so much is that on the one hand, it has a good technical thing called "golden cross", that is, the average price in the short term exceeds the average price in the long term, which is a bullish signal. On the other hand, the price of Dogecoin has fallen to a very low level before, and now it seems to have turned over and started to rise. This is the so-called "U-shaped recovery".
If the price of Dogecoin can stabilize and continue to rise, it may rise a lot more. But if it falls, it may return to the previous low price position.
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