Dogecoin (CRYPTO: DOGE) has rallied handsomely this week, but as the “King of memes coins” gains momentum, the next question on traders’ minds is whether it would be able to sustain the spike. What happened: The dog-themed cryptocurrency lifted over 9% in the last 24 hours, fueled primarily by its “biggest” supporter, Elon Musk, who sold the idea of the so-called Department of Government Efficiency, popularly called ‘”DOGE,” while campaigning for former President Donald Trump. The latest rally pushed Dogecoin’s weekly gains to over 24% and monthly gains to 32%. Widely-followed cryptocurrency t…