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The Dogecoin price pumped 5% in the last 24 hours to trade at $0.173 as of 4:45 a.m. EST on trading volume that surged 345% to $1.7 billion.
This uptick in the DOGE price comes after Elon Musk formed the “America Party” in retaliation after the Big Beautiful Bill, which he calls an insane spending bill, passed and was signed by Trump.
“When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy,” Musk said Saturday on X. “Today, the America Party is formed to give you back your freedom.”
By a factor of 2 to 1, you want a new political party and you shall have it!
When it comes to bankrupting our country with waste & graft, we live in a one-party system, not a democracy.
Today, the America Party is formed to give you back your freedom. https://t.co/9K8AD04QQN
— Elon Musk (@elonmusk) July 5, 2025
However, Donald Trump called Musk’s proposition “ridiculous,” going on to tout “tremendous success with the Republican Party.”
“The Democrats have lost their way, but it’s always been a two-party system,” Trump added. “And I think starting a third party just adds to the confusion. It really seems to have been developed for two parties.”
Dogecoin Price On The Edge: Breakdown Looms As Key Support Wobbles
The DOGE price is currently showing signs of weakness on the 3-day chart.
The Dogecoin price has formed a descending triangle pattern, a typically bearish structure, formed by a series of lower highs capped under a declining orange trendline and horizontal support near the $0.16 base, as GeckoTerminal data shows.
DOGE’s base has been tested multiple times, suggesting mounting selling pressure. If this level breaks, it could trigger a sharp downside move.
The 50 Simple Moving Average (SMA), currently at $0.1893, is below the 200 SMA at $0.1755, confirming a bearish crossover.
Dogecoin remains trapped beneath both SMAs, further reinforcing bearish sentiment.
The Relative Strength Index (RSI) sits at 45.60, indicating neutral-to-weak momentum and failing to show any bullish divergence.
Fibonacci retracement levels from the recent high point to key resistance areas, with the 0.786 level ($0.1857) now acting as resistance rather than support.
DOGE Price Prediction
Unless DOGE can break above the $0.185 resistance and reclaim the 50 SMA, it appears poised for a breakdown.
A confirmed loss of the horizontal support zone could push prices down to the $0.12 range, in line with the descending triangle’s projected move.
If the bulls take charge of the price at that level, Dogecoin could soar back above the triangle to the 0.618 Fibonacci level at $0.2490.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.
According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER could soar 10X after launch.
Bitcoin Hyper Presale Crosses The $2 Million Mark – Next 100X Crypto?
The Bitcoin Hyper presale continues to gain traction in the crypto space, with investors rapidly accumulating the HYPER token. Over $2 million has been raised since the presale started, reflecting strong demand.
The Bitcoin Hyper project aims to address scalability challenges in the Bitcoin ecosystem, enhancing its overall usability.
By leveraging the high-speed infrastructure of Solana, it transforms BTC into a fee-efficient, practical payment method for daily use and global commerce.
The magic happens through the Solana Virtual Machine (SVM). This is the same engine that powers Solana’s lightning-fast transactions and low fees.
🚨 Bitcoin Hyper is now live in Best Wallet! 🚨@BTC_Hyper2 is building Bitcoin’s first Layer 2 focused on real scalability — enabling fast, cheap BTC transactions, meme coins, dApps, and more.
It’s secured by Bitcoin L1 and powered by Solana VM tech for high speed and massive… pic.twitter.com/5Ktj12RCR1
— Best Wallet (@BestWalletHQ) June 5, 2025
Meanwhile, BTC payments on the Bitcoin Hyper platform settle instantly with low fees, making them ideal for micropayments and global transactions.
For investors seeking a secure platform, this may be the perfect project, as it utilizes a Canonical Bridge that supports layer-2 speed and cost efficiency.
The project is also offering investors an impressive 395% annual percentage yield (APY) for purchasing and staking HYPER tokens.
Investors interested in participating in the presale can visit the official Bitcoin Hyper Token website to buy HYPER tokens for $0.012175 each using crypto or a bank card.
Buy before the next presale price increase in about 31 hours.
Visit the Bitcoin Hyper website.
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