Analyzing Dogecoin’s price recovery odds in the wake of Trump-Musk spat

• During DOGE’s last major drop, a significant amount of liquidity of $380M+ was trapped at $0.50
• Total memecoin market cap is now far larger than in 2021, but the OI and daily volume have remained low

The memecoin sector rebounded on the charts over the last 24 hours. This recovery followed a cascade of liquidations on the back of the public spat between President Trump and Elon Musk.

Dogecoin [DOGE], the market’s biggest memecoin, has been leading the charge, with the same flashing early signals of a potential recovery at press time. However, the real question is – Does this rebound have any staying power?