What to know:
- Dogecoin jumps over 5% after Elon Musk launches a new political party, as if the world needed another one. Crypto bros rejoice. 🎉
- Trading volume? Over 1.1 billion. Whale wallets are hoarding DOGE like it’s the last bagel at a Manhattan brunch, while the average joe takes the exit ramp.
- Musk shows off his love for Bitcoin (again), fueling wild speculation that Dogecoin will somehow get invited to this political party. I mean, why not bring your childhood pet too?
Dogecoin flying high—over 5% in 24 hours—going from $0.163 to $0.171. Why? Because Elon Musk announced his “America Party.” Apparently, Dogecoin is the ticket to a crypto-political utopia. (Can you imagine voting with a meme coin? Honestly, that’s not even in the top five weirdest things to happen in 2024.)
The rally came with a boatload of $1.1 billion in trades. Good news if you’re a whale—or a fish with connections. Whales gobbled up DOGE while the little guys cashed out. I guess the minnow panic is back in style.
News Background
- Elon Musk, in his classic “look-at-me” style, launches the America Party. Political debates explode as everyone tries to figure out if they’re supposed to take it seriously or just tweet memes. 🤷♂️
- His platform: lots of pro-Bitcoin hype and a healthy dunk on Trump’s “anti-innovation” ways. People start tossing around theories—does DOGE get a cabinet position, or is it just there for the open bar?
- No official Dogecoin shoutout, which is classic Musk. Why say something directly when you can blurt out 43 cryptic tweets instead? Still, his love affair with DOGE and the whole Tesla/X conspiracy board keeps speculation alive.
- Meanwhile, economic drama everywhere else. Trump’s July 9 tariff deadline looms, scaring markets more than a surprise IRS letter. Stocks, crypto—everyone gets jittery. But DOGE? Oh, it’s living its best life, at least if you’re loaded like a whale.
- On-chain data: whales holding 1-100 million DOGE are stacking up. Retail traders? Out the door faster than I leave a bad dinner party.
Technical Analysis Highlights
- DOGE hiked 5.01% between July 6 (3am) and July 7 (2am). That’s more progress than I made all summer. 🛋️
- The hot moment: Between noon and 1pm July 6—BOOM, $0.166 to $0.173. 1.14 billion in volume and I still can’t get a text back.
- Solid support showed up at $0.166—finally, something reliable. Price danced between $0.170 and $0.173 before peaking at $0.174. What a performance.
- Resistance at $0.173, because why not? Even crypto has to make things difficult at the last minute.
- Last hour, DOGE squeezes out an extra 0.85%—because apparently it finishes strong, unlike my New Year’s resolutions. Notable surges: 12.8M at 01:16, 8.0M at 01:36. Don’t ask me who’s up trading DOGE at these hours, but I bet their WiFi is faster than mine.
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2025-07-07 10:09