Dogecoin (DOGE) Surges 33% Ahead of Trump Inauguration, Can It Lead Meme Coins into Another Historic Rally?

After a dismal 2022, the cryptocurrency market is finally showing signs of life. Among the top performers is Dogecoin, which has taken the lead in driving meme coins into a bullish phase. Over the past five days, DOGE has surged by more than 33%, signaling the potential for a massive rally ahead.

Anticipation of pro-cryptocurrency moves under the new administration is adding to the market's bullish sentiment. With meme coins gaining momentum and Bitcoin reclaiming key levels, Dogecoin's rise is part of a broader trend suggesting significant growth in the crypto space.

As DOGE continues to push higher, the question remains: can it lead meme coins into another historic rally?

Dogecoin Expected To Rise

Dogecoin (DOGE) is on the verge of a significant breakout as bullish momentum builds around the cryptocurrency. Investors are eyeing a reclaim of key supply levels, which could signal the start of a massive rally.

Anticipation of Donald Trump prioritizing crypto policies when he assumes office is adding to the market optimism, suggesting that government-level engagement with cryptocurrency policies could benefit the coin.

Moreover, Dogecoin's rally is influencing the broader category of dog-themed coins, with tokens like FLOKI beginning to gain traction. As DOGE leads, FLOKI and similar assets could follow its bullish trend, further amplifying market enthusiasm.

If Dogecoin successfully reclaims critical supply zones, it could pave the way for higher prices in the weeks ahead. Jelle remains confident in the coin's trajectory, expecting continued upward movement fueled by both technical indicators and macroeconomic developments.

As DOGE begins to rise, the question remains: can it lead meme coins into another historic rally?

Dogecoin (DOGE) is currently facing a crucial battle at a pivotal supply level, as reclaiming it as a demand zone could lead to a powerful upward rally.

Once DOGE establishes $0.41 as a foundation, the price may surge past last year's high of $0.48, reigniting the bullish momentum.

Breaking the $0.48 resistance is expected to open the door to even higher targets, with Dogecoin's all-time high (ATH) becoming a more realistic goal.

Moreover, a potential daily close above the $0.50 threshold would not only confirm the bullish trend but also signal the start of a massive rally that could lead the meme coin market.

Historically, Dogecoin's price action has created ripple effects across the crypto space, particularly evident among meme coins. A breakout above $0.50 is likely to drive