Dogecoin Surges 6% as Trump Promised $2K Stimulus Brings Back 2021-Era DOGE, SHIB Rally Vibes

Dogecoin rallied 5.2% to $0.1811 on Tuesday as institutional buying accelerated through the key $0.1800 resistance level.

The move came amid stronger risk sentiment following U.S. President Donald Trump’s weekend comments calling non-tariff supporters “fools” while pledging to use tariff proceeds to fund $2,000 dividends for Americans — remarks that spurred a rotation into speculative assets and risk trades.

News Background

• DOGE’s breakout coincided with a rebound in meme coin sentiment across major exchanges. The sector drew renewed attention as traders repositioned into higher-beta tokens following a four-day consolidation.
• Volume surged to 649.5 million, marking a 180% increase above the 24-hour average, confirming institutional accumulation during the move. The rally pushed DOGE decisively through $0.1800 resistance — a level that had capped upside momentum since early October.
• Macro context added further intrigue. Trump’s populist remarks reignited expectations for looser fiscal conditions and higher domestic liquidity — themes historically correlated with speculative risk appetite in digital assets.
• Traders cited parallel inflows across DOGE and SHIB markets, indicating coordinated rotation into meme-linked assets.

Price Action Summary

• DOGE advanced from $0.1722 to $0.1811, trading within a $0.009 range that marked its strongest intraday expansion in over a week. Buyers repeatedly defended the $0.1742 level before initiating a surge through $0.1800.
• The breakout materialized during the New York morning session as volume climbed sharply, confirming institutional execution across key trading pairs.
• Price peaked at $0.1826 before encountering short-term resistance. A minor pullback to $0.1804 followed, forming the first retest of the breakout zone.
• Hourly charts revealed strong accumulation volume at mid-range levels, suggesting structural support has shifted higher.

Technical Analysis

• The breakout above $0.1800 validates a short-term bullish reversal pattern following a multi-session base-building phase. Momentum indicators remain constructive, with RSI trending higher near 61 and MACD crossing into positive territory.
• Volume analysis shows accumulation patterns dominating the early session, while late-hour spikes to 24M hourly turnover (≈300% above average) reflected profit-taking rather than structural weakness.
• Chart structure confirms higher lows at $0.1745, $0.1761, and $0.1782 — the defining hallmark of an emerging ascending channel. DOGE now trades firmly above its 20- and 50-hour moving averages, underscoring the strength of near-term momentum.

What Traders Should Know

• DOGE’s ability to hold above the $0.1800–$0.1804 support zone will determine whether the breakout evolves into a sustained uptrend.
• A confirmed daily close above $0.1838 resistance could open upside toward $0.1860–$0.1900.
• Failure to maintain current levels risks a pullback toward $0.1740–$0.1750, though institutional accumulation suggests dips may continue to attract buyers.
• Analysts highlight the meme coin sector as an emerging speculative proxy amid macro uncertainty. Trump’s renewed fiscal rhetoric adds another potential volatility driver — one that could amplify flows into high-beta digital assets if policy optimism sustains into mid-November.