Musk-Trump Truce Sends Dogecoin Skyward, With Ethereum Along for the Ride: Analysis

Doge summer days may be here, since the best meme coin coin coin coin coin coin coin coin coin coin coin coin coin is. Reason? Elon Musk, again, if you can believe it. But it’s not just an elon – the view of the ladder shows that traders can have a good reason to think that they could continue to roll. And it’s not just a dog, with a bulllish momentum building and for Ethereum.

Dogecoin today jumped 6.32% to $ 0.20 before correcting its current price of $ 0.1955, breaking above the resistance level of $ 0.19, as Elon Musk attempt to reconcile with Donald Trump alleviated political tension and guessing about the approval of ETF. Trading volume approached $ 1.65 billion, which is more than 827% compared to the previous day, confirming the true market interest behind the breakthrough.

It seems that the primary catalyst of today’s gathering is an apology of Elon Male Donald Trump, where he stated that his recent comments “went too far”, marking a significant deescation in their quarrel. This reconciliation carries the weight for investors in Dogecoin, who usually strongly respond to the news related to Mošus, because Trump has previously threatened to revoke $ 22 billion in Spacex contracts. Men’s reconciliable tone reduced the systemic risk for his ventures and indirectly enhanced confidence in Doge, given the historically firm influence of the Tesla Executive Director on the movements of the prices of the coin. 6% Intraday spike at $ 0.199 coincided with Musk’s public statement.

Adding fuel on rally, Bloomberg’s analysts led by Eric Balchunas have upgraded Dogeco’s Spot ETF approval to 80%, greater than the Kardan or half -kadot 75% of the odds. This institutional interest indicates a change in paradigm for what is traditionally viewed as retail meme assets. The availability of the future regulated by CFTC is a stronger case for ETF approval, potential opening doors for pension funds and institutional portfolio with deep pockets to obtain an exposure to Dogeu.

Technical analysis shows some bull signals in multiple time frames. Doga is trying to break over its 50-day EMA (average property price in the last 50 days) at $ 0.1933, with a relative strength index in a neutral zone at 48 points. The average orientation index, which says how strong specific trend is prices, is 21 points, which shows that the recent price correction of a seriously weak bear trend, which has recorded the price of Doge from 0.25 to $ 0.16 in the last few weeks.

All in all, The Crypto of Fear and Greeding Index He climbed 72 (firmly in the territory of “greed”), compared to 57 last week, which favored the risk property. The wider sector of the meme coin surpasses, and the SPX6900 token is 80% in the last 30 days, and coins the theme of Trump and Doge clones that surf wave.

The immediate resistance sits about $ 0.214 for Doge. The game remains a golden formation (the 50-day average transition above the 200-day average), but the gap stopped decreasing 30. May, so there should still be several days of short -term bull trends before a medium -sized trend can be confirmed.

The following levels of viewing key: resistance to $ 0.214. Support of $ 0.186

Ethereum is paid into funds

Ethereum jumped 2.3% to approximately $ 2,880 before correcting its current price of $ 2,819 in the last 24 hours, guided by regulatory optimism, AI retailer and institutional investors pour $ 125 million To Ethereum etf yesterday. Combined political pressure catalysts on SEC and significant accumulation on the chain pushed ETH through the key levels of technical resistance.

Bipartisan CLARITY The law approaching the vote could strengthen Ethereum’s status of goods regulated by CFTC, resolving the years of regulatory ambiguity and potentially unlocking the main means in additional institutional infields.

Technical indicators represent mixed, but ultimately a bull image. ETH has broken over its 10-day ($ 2,472) and $ 50 ($ 2,395), a hint of an appetite for large coin investors, and RSI shows a space to further progress before reaching overblown conditions.

ADX in 24 also shows that there is a strong bull’s momentum in the trend of price, with the potential that the property is soon avoided by the formation of the “death of death”. The cross of death is when short-term prices (50-day ema) go below the long-term average (200-day EMA), and merchants usually do not like it when it happens.

However, despite all the good signs, there are some challenges that the coin must overcome. Purely based on the ladder, today’s breastfeeding – a neutral candlestick, with a long phytam and almost no body – understands that day traders may be a bit exhausted, having difficulty pushing the prices up after a big week.

Also, the competition from Solane’s ecosystem processing 5x Ethereum -daily transactions is a threat of scalability, although ETH maintains domination in institutional confidence and quantity of Stablecoin (120 billion USD compared to $ 18 billion).

Next levels of key key: resistance to $ 2,900. Support from $ 2,600 to $ 2,400