Dogecoin has rallied by 12%

Dogecoin has rallied by 12%

Dogecoin has rallied by 12% in the past 24 hours

The price of Dogecoin has rallied by 12% in the past 24 hours. The price rally is seen among memecoins and the broader rally is led by Doge which is seen as a traders proxy play to Trump’s victory in the U.S presidential elections.

Dan Gambardello post on X about how Doge after election day went on to see 20,000% gains and that there is a possibility that history could repeat itself.

Mikybull Crypto X account posted about how Dogecoin is bullish due to a golden cross which is the first since Q4 2020.

On the 4 hour timeframe the price of Dogecoin is above the cloud and the other cloud indicators are all bullish.

Dogecoin on the 1 day timeframe the price is above the cloud and the other indicators are all bullish.

On the 1 week timeframe the price of dogecoin has crossed above the cloud but the future cloud has not turned green yet.

On the 1 month timeframe the conversion line has crossed above the base line and the lagging span has crossed the price to the upside and this is bullish for Dogecoin.