Dogecoin (DOGE) climbed 11.42% on US Election Day, reaching an intraday high of $0.1669.
Elon Musk fueled Dogecoin’s rally by mentioning the Department of Government Efficiency (D.O.G.E.) during a podcast.
Analysts suggest that DOGE could benefit significantly if Trump wins, especially following Musk’s recent proposal for a “Department of Government Efficiency,” cleverly abbreviated to D.O.G.E.
Dogecoin's price charts show a bullish trend, with resistance expected around $0.1807, but crucial support at $0.1432.