Dogecoin Rallies 5% as Trump Stimulus Talk Boosts Meme Coin Sentiment

DOGE climbs to $0.1811 on institutional flows and renewed risk appetite

Dogecoin surged 5.2% to $0.1811 on Tuesday, breaking through the key $0.1800 resistance level amid accelerating institutional buying. The rally coincided with a broader rebound in meme coin sentiment across exchanges, fueled by renewed risk appetite following U.S. President Donald Trump’s weekend comments pledging to fund $2,000 dividends for Americans using tariff proceeds.

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Macro and Market Context

Trump’s remarks, in which he called non-tariff supporters “fools,” sparked rotation into speculative assets, reigniting expectations for looser fiscal conditions and higher domestic liquidity. Traders noted coordinated inflows across DOGE and SHIB, signaling renewed interest in high-beta meme tokens after a brief consolidation period.

Volume surged to 649.5 million DOGE, roughly 180% above the 24-hour average, confirming institutional accumulation during the breakout.

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Price Action and Technical Analysis

DOGE advanced from $0.1722 to $0.1811 within a $0.009 intraday range, marking its strongest intraday expansion in over a week. Price peaked at $0.1826 before a minor pullback to $0.1804, testing the breakout zone.

Key technical points:

• Higher lows at $0.1745, $0.1761, and $0.1782 indicate an emerging ascending channel.
• RSI near 61 and MACD positive confirm constructive momentum.
• DOGE trades above its 20- and 50-hour moving averages, signaling strong short-term trend support.
• Hourly volume spikes reflect profit-taking rather than structural weakness.

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Outlook

Traders are watching $0.1800–$0.1804 as the critical support zone:

• A daily close above $0.1838 could target $0.1860–$0.1900.
• Failure to hold current levels risks a retracement toward $0.1740–$0.1750, though institutional accumulation may support dips.

Analysts view meme coins as speculative proxies amid macro uncertainty. Continued optimism around Trump’s fiscal policies could sustain inflows into high-beta tokens through mid-November.