The cryptocurrency market is currently extremely volatile. With pro-crypto Trump already set to assume his role as the 47th President of the United States, all eyes are on the current market dynamics, and how will the market react to his ascension to the presidency from the United States? Along with Trump, Musk will also prepare to lead DOGE, a scenario that could be particularly optimistic for Dogecoin in general. Here’s how high Dogecoin can reach today after Trump and Musk’s official swearing-in ceremony.
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Dogecoin Price Anticipation Rises
Dogecoin momentum is now growing stronger in the market as investors anticipate an overall rise in the crypto market once Trump assumes his role as the next US president. According to Ali, a veteran cryptocurrency analyst, whales brought in nearly 1.83 billion Dogecoin tokens in the last 48 hours, hoping to capitalize on the aforementioned phenomenon.
“While everyone is focused on $TRUMP, whales have purchased 1.83 billion #Dogecoin $DOGE in the last 48 hours!”
https://twitter.com/ali_charts/status/1880990095093936456?t=9wvBBw-k8SfCa
According to Ali, the token is already adapting to a bullish retest, which could help it gain more momentum in the market.
“So far, #Dogecoin $DOGE appears to be in a bullish retest of the breakout zone before advancing further.”
https://twitter.com/ali_charts/status/1880967193992798613?t=xfNkQZHYQJoK
These bullish market forecasts are further reinforced by Elon Musk, who will assume his new role as head of DOGE today. Expectations of regulatory sector clarity with pro-crypto support following Trump’s ceremony are also adding more to the market, pushing coins like BTC and Doge to reach stable price levels.
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AI predicts token price action after Trump-Musk official swearing-in ceremony
According to AI, Doge could first reach the new price mark of $0.60 if the bullish momentum brought about by the regime change can help the token reach a stable ATH price. At the same time, the FOMO effect caused by the new regime overhaul could also push the token to reclaim $0.74.
If Musk manages to make further policy changes favorable to the domain, Doge could easily demand $1 per AI. If DOGE emerges as a credible payment source, then the token could reach $1.50, GPT said.
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