Is It Too Late To Buy DOGE? Department Of Government Efficiency Price Soars 46% After Elon Musk Comments And This Might Be The Next Crypto To Explode
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The
Department
of
Government
Efficiency
price
soared
46%
in
the
last
24
hours
to
trade
at
$0.04775
as
of
06:41
a.m.
EST
on
trading
volume
that
skyrocketed
101%
to
$8.4
million.
This
comes
after
Elon
Musk
said
that
Donald
Trump’s
government
could
save
at
least
$2
trillion
if
he
is
elected
and
Musk
heads
a
Department
of
Government
Efficiency
(DOGE).
“Your
money
is
being
wasted,
and
the
Department
Of
Government
Efficiency
is
going
to
fix
that,”
Musk
said.
Trump
has
previously
said
that
he’d
put
Musk
in
charge
of
a
Department
Of
Government
Efficiency
(DOGE)
if
he
is
elected.
Dogecoin
(DOGE)
and
Department
of
Government
Efficiency
(DOGE)
have
often
spiked
after
comments
by
Musk.
Department
Of
Government
Efficiency
Price
Could
Continue
Soaring
The
Department
Of
Government
Efficiency
price
has
been
on
a
decline
since
October
21,
as
the
bears
took
control
of
the
price
within
the
$0.051
resistance
to
the
$0.025
support
zone,
according
to
data
from
GeckoTerminal.
The
support
allowed
the
bulls
to
stage
a
bullish
trend
reversal,
forming
a
parabolic
curve
that
aims
at
sustaining
the
overall
bullish
trend.
DOGE
now
trades
above
both
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs),
affirming
the
current
bullish
trend.
Moreover,
the
50-day
SMA
has
crossed
above
the
200-day
SMA,
which
has
formed
a
golden
cross
at
$0.036,
further
cementing
the
bullish
sentiment.
The
Relative
Strength
Index
seems
to
be
recovering
towards
the
70-overbought
region,
currently
at
66,
indicating
that
the
price
of
Department
Of
Government
Efficiency
is
under
intense
buying
pressure.
Meanwhile,
the
Moving
Average
Convergence
Divergence
(MACD)
fully
supports
the
bullish
outlook
as
the
blue
MACD
line
moves
above
the
orange
signal
line,
forming
a
bullish
crossover.
The
general
trend
is
currently
bullish,
as
the
bulls
aim
to
push
the
price
of
Department
Of
Government
Efficiency
to
a
new
all-time
high
(ATH).
In
this
case,
the
bulls
could
propel
the
token
to
hit
the
$0.070
resistance.
DOGEUSD
Chart
Analysis
Source:
GeckoTerminal.comMeanwhile,
the
RSI
is
soaring,
which
could
result
in
the
asset
being
overextended
and
overvalued.
In
this
scenario,
the
price
of
Department
Of
Government
Efficiency
could
plunge
back
to
the
50-day
SMA
($0.03651),
which
acts
as
the
next
possible
support
level.
As
DOGE
soars,
rival
new
meme
coin
Pepe
Unchained
(PEPU)
is
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to
explode
past
$23
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the
year.
According
to
99Bitcoins,
a
YouTube
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706K
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this
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Pepe
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Raises
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