Dogecoin Climbs 5% as Trump Stimulus Talk Spurs Meme Coin Rally
DOGE breaks $0.1800 as institutional flows and risk appetite lift the token
Dogecoin surged 5.2% to $0.1811 on Tuesday, breaking through the $0.1800 resistance level as institutional buying picked up. The rally coincided with renewed enthusiasm across meme coins, sparked by U.S. President Donald Trump’s weekend remarks pledging $2,000 dividends funded through tariffs, which encouraged rotation into high-beta, speculative assets.
Macro Context
Trump’s comments, calling non-tariff supporters “fools,” reignited expectations for looser fiscal conditions and higher domestic liquidity, supporting risk-on sentiment. Traders noted parallel inflows into SHIB, signaling broad interest in meme coins after a brief consolidation phase.
Volume surged to 649.5 million DOGE, around 180% above the 24-hour average, confirming strong institutional accumulation.
Technical Overview
DOGE advanced from $0.1722 to $0.1811, peaking at $0.1826 before a minor pullback to $0.1804, testing breakout support.
- Higher lows at $0.1745, $0.1761, and $0.1782 form an ascending channel.
- RSI near 61 and MACD positive confirm bullish momentum.
- DOGE trades above 20- and 50-hour moving averages, underscoring near-term trend strength.
Outlook
- Support: $0.1800–$0.1804
- Upside targets: $0.1838–$0.1900
- Downside risk: $0.1740–$0.1750
Meme coins remain speculative proxies amid macro uncertainty, and continued optimism around Trump’s fiscal rhetoric could sustain inflows into high-beta digital assets through mid-November.
