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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 about to explode past $23 million in funds raised in its presale, probably the most successful of the year.
According to 99Bitcoins, a YouTube channel with over 706K subscribers, this new meme coin could potentially surge by 100X following its launch.
Pepe Unchained Raises Over $22.9 Million – Best Crypto To Buy Now?
Pepe Unchained continues to strut its stuff. True to its name, Pepe Unchained aims to unchain the OG Pepe from his old, clunky, Layer 1 server room on Ethereum.
That’s why Pepe Unchained comes with its own proprietary Ethereum Layer 2 blockchain. It also plans to open up its ecosystem to the entire meme coin sector, thus creating the potential for future rivalry with Solana and Ethereum, among others.
Who needs some Brain Powder?
Pepe is gearing up for the official launch of his very own blockchain! 🚀 pic.twitter.com/kZC72UmxFy
— Pepe Unchained (@pepe_unchained) June 20, 2024
The new project comes with a dedicated block explorer and a decentralized exchange (DEX), along with developer grants aimed at developing its ecosystem and fostering growth and engagement within it.
Pepe Unchained L2 Sneak Peek!
What we're building is not just a new chain, but an entire ecosystem.
🐸Pepe Unchained L2
🐸Block Explorer
🐸DEX
🐸Bridge
🐸Advanced Analytics
🐸Builder GrantsPepe Unchained is coming. And it's going to shake up the crypto space. pic.twitter.com/ZVnvgO6MGF
— Pepe Unchained (@pepe_unchained) September 26, 2024
Token holders can also earn passively through the platform’s staking system, which offers an annual percentage yield of 101%.
You can buy $PEPU tokens for $0.01179 each right now. With a price hike coming in slightly less than a day, buy soon to lock in the best deal.
To join the presale, buy $PEPU from the official website here using ETH, USDT, or a bank card.
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