Dogecoin Skyrockets 11%: What Is Going On?

Dogecoin’s (CRYPTO: DOGE) single-day 11% surge has sparked speculation in the cryptocurrency community if a strong bullish run is possible in case of a Trump election win.

What Happened: Crypto chart analyst Ali Martinez flagged a “Sell” signal on Dogecoin’s 4-hour chart, forecasting a potential correction to $0.161 or $0.156. According to Ali Martinez, Dogecoin’s user base continues to grow, with over 35,000 new DOGE addresses being created daily.