{"id":617989,"date":"2025-01-14T09:22:01","date_gmt":"2025-01-14T09:22:01","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=617989"},"modified":"2025-01-14T09:22:01","modified_gmt":"2025-01-14T09:22:01","slug":"dogecoin-price-jumps-6-as-elon-musk-praises-trumps-doge-support-while-traders-pivot-to-this-47m-ico-rival-that-grok-sees-exploding","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/dogecoin-price-jumps-6-as-elon-musk-praises-trumps-doge-support-while-traders-pivot-to-this-47m-ico-rival-that-grok-sees-exploding","title":{"rendered":"Dogecoin Price Jumps 6% As Elon Musk Praises Trump\u2019s DOGE Support, While Traders Pivot To This $47M ICO Rival That GROK Sees Exploding"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Dogecoin price jumped 6% in the last 24 hours to trade at $0.3454 as of 02:10 a.m. EST on trading volume that surged 104% to $3.8 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This comes as Elon Musk praised President-elect Donald Trump for his support of the formation of the Department of Government Efficiency (DOGE).<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Just wanted to express appreciation for President <a href=\"https:\/\/twitter.com\/realDonaldTrump?ref_src=twsrc%5Etfw\">@realDonaldTrump<\/a> and so many people, both inside &amp; outside of government, supporting <a href=\"https:\/\/twitter.com\/DOGE?ref_src=twsrc%5Etfw\">@DOGE<\/a>. <\/p>\n<p>I am confident that the American people will be happy with the outcome.<\/p>\n<p>&mdash; Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1878889814898172216?ref_src=twsrc%5Etfw\">January 13, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Dogecoin Price Gears Up For A Bullish Rally<\/h2>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/dogecoin\"><span style=\"font-weight: 400;\">DOGE price<\/span><\/a><span style=\"font-weight: 400;\"> has consolidated between the $0.30-$0.46 range, with a support zone around $0.30.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Dogecoin price analysis on the 1-day timeframe also shows rejection from the $0.46 resistance, forming a double-top-like structure, indicating a potential reversal.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For now, DOGE is attempting to hold above its 50-day Simple Moving Average (SMA), situated at $0.3718, while the 200-day SMA at $0.2025 remains far below, reflecting an overall long-term bullish trend, according to data from <\/span><a href=\"https:\/\/www.geckoterminal.com\/bsc\/pools\/0xce6160bb594fc055c943f59de92cee30b8c6b32c\"><span style=\"font-weight: 400;\">GeckoTerminal<\/span><\/a><span style=\"font-weight: 400;\">.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Relative Strength Index (RSI) is at 49.32, sitting in the neutral zone. This indicates that neither buyers nor sellers dominate the market. Previously, the price of DOGE&rsquo;s RSI hit overbought levels during the rally, and its current level suggests price consolidation or the potential for a directional move once momentum builds.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Moving Average Convergence Divergence (MACD) histogram shows minor bullish momentum, with the blue MACD line just crossing above the orange signal line. While this is a positive sign, the lack of strong divergence indicates that the bullish momentum is not yet significant.<\/span><\/p>\n<figure id=\"attachment_617991\" aria-describedby=\"caption-attachment-617991\" style=\"width: 1636px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"size-full wp-image-617991\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/DOGE_2025-01-14_10-10-18.png\" alt=\"Dogecoin Price Chart Analysis Source: GeckoTerminal\" width=\"1636\" height=\"666\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/DOGE_2025-01-14_10-10-18.png 1636w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/DOGE_2025-01-14_10-10-18-300x122.png 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/DOGE_2025-01-14_10-10-18-1024x417.png 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/DOGE_2025-01-14_10-10-18-768x313.png 768w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2025\/01\/DOGE_2025-01-14_10-10-18-1536x625.png 1536w\" sizes=\"(max-width: 1636px) 100vw, 1636px\"><figcaption id=\"caption-attachment-617991\" class=\"wp-caption-text\">DOGE\/USD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n<h2>DOGE Price Prediction: Is $0.5 Next?<\/h2>\n<p><span style=\"font-weight: 400;\">Given the current technical setup, DOGE is likely to remain range-bound between $0.30 and $0.46 in the short term. A decisive breakout above the $0.46 resistance could propel the price toward the $0.50 zone.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Conversely, if the price fails to hold above $0.30, DOGE may revisit lower support levels around $0.25-$0.27, closer to the highs from earlier in 2024.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, investors are piling into a new frog-themed Pepe derivative called <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetpepe\" rel=\"nofollow\"><span style=\"font-weight: 400;\">Wall Street Pepe (WEPE)<\/span><\/a><span style=\"font-weight: 400;\">, with 99Bitcoins, a crypto YouTube channel with over 721k subscribers, noting that AI chatbot GROK is predicting massive gains for the project.&nbsp;<\/span><\/p>\n<p><iframe title=\"GROK Is Predicting HUGE GAINS For Wall Street Pepe! Do Not Miss This One!\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/AZsSznAilWY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h2>Wall Street Pepe Presale Surges Toward $50 Million<\/h2>\n<p><span style=\"font-weight: 400;\">Wall Street Pepe has surged past $47.7 million in funding after reaching $45 million on Friday. The project has added over $2.7 million in new buys since then as the presale gains more traction.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">WEPE isn&rsquo;t just another meme token&mdash;it&rsquo;s built to help everyday traders compete with crypto whales. This project provides tools and resources once reserved for top-tier investors, making them accessible to everyone who joins.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One key feature is its advanced trading signals, which guide users with clear, actionable insights. These signals identify the top coins to watch, the best entry points, and when to sell for maximum gains.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The strength of Wepe is in every hand that holds it. &#128056; &#9876;&#65039; <a href=\"https:\/\/t.co\/Z8M3bsxTwf\">pic.twitter.com\/Z8M3bsxTwf<\/a><\/p>\n<p>&mdash; Wall Street Pepe (@WEPEToken) <a href=\"https:\/\/twitter.com\/WEPEToken\/status\/1878843255774724515?ref_src=twsrc%5Etfw\">January 13, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">By holding the $WEPE token, investors can also earn a 27% annual percentage yield (APY), providing a lucrative passive income stream.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Investors can <\/span><a href=\"https:\/\/insidebitcoins.com\/visit\/wallstreetpepe\" rel=\"nofollow\"><span style=\"font-weight: 400;\">buy $WEPE Token from the official website<\/span><\/a><span style=\"font-weight: 400;\"> for $0.00036647 using ETH, USDT, or a bank card.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you would like to join, buy before a price hike in about 1 day.<\/span><\/p>\n<h2>Related News<\/h2>\n<ul>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/crypto-investors-buy-the-dip-as-bitcoin-falls-below-90k-fartcoin-hype-and-ray-lead-rebound\"><span style=\"font-weight: 400;\">Crypto Investors Buy The Dip As Bitcoin Falls Below $90K<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/wall-street-pepe-presale-surpasses-47m-after-adding-2m-over-the-weekend\"><span style=\"font-weight: 400;\">Wall Street Pepe Presale Surpasses $47M<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\"><a href=\"https:\/\/insidebitcoins.com\/news\/fartcoin-price-prediction-fartcoin-soars-40-as-investors-fomo-buy-this-vote-to-earn-meme-coin-with-time-running-out\"><span style=\"font-weight: 400;\">FARTCOIN Soars 40% As Investors FOMO Buy This Meme Coin<\/span><\/a><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Newest Meme Coin ICO - Wall Street Pepe<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div 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02:10 a.m. EST on trading volume that surged 104% <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/wall-street-pepe\" title=\"Wall Street Pepe\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":617993,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-617989","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Dogecoin Price Soars As Traders Pivot To ICO Backed By GROK<\/title>\n<meta name=\"description\" content=\"Dogecoin price jumps 6% as Elon Musk praises Donald Trump\u2019s support for Dogecoin, while traders pivot to a $47M 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