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The Department Of Government Efficiency price has soared 89% in the last 24 hours to trade at $0.3347 as of 3:25 a.m. EST on a 350% pump in trading volume to $84 million.
The DOGE surge follows Donald Trump’s announcement that Elon Musk and Vivek Ramaswamy would lead a new Department of Government Efficiency, or DOGE.
The department is named after the DOGE meme coin, which Musk often promotes on social media.
— Elon Musk (@elonmusk) November 13, 2024
Trump said the department’s goal is to ”dismantle government bureaucracy.”
Department Of Government Efficiency Price Faces A Short Retracement
The 1-hour DOGE/USD chart indicates a strong bullish setup with distinct trends and indicators. The price is around $0.3027, slightly below its recent high near $0.3736. This move follows a clear breakout from a consolidation phase, where the price had been trading in a narrow range (highlighted by the orange line).
This consolidation created a robust support zone just above the 200-period Moving Average (SMA), around $0.1435, as a base for the recent surge. Following the consolidation, the price traced a parabolic curve, marked with a yellow dotted line, which suggests an acceleration in buying momentum.
DOGEUSD Analysis Source: Dextools.io
This parabolic pattern, often linked to sharp upward moves, aligns with the “more uptrend” arrow on the chart, indicating a potential for further gains.
The 50 SMA crosses above the 200 SMA to form a “Golden Cross.” This bullish crossover indicates upward momentum, and the current Department Of Government Efficiency price trading well above both SMAs confirms this trend.
Department Of Government Efficiency Price Technicals Indicate A Bullish Bias
The MACD (Moving Average Convergence Divergence) indicator also shows a bullish bias, with the MACD line (blue) above the Signal line (orange) and a series of green histogram bars. While the lines converge slightly, suggesting a minor slowdown, the overall momentum remains positive.
Additionally, the RSI (Relative Strength Index) is 58.66, which is in the neutral-to-bullish range. This level indicates that the price is not yet overbought, allowing for further upward movement without triggering immediate selling pressure.
The DOGE price indicates a continuation of the uptrend, supported by the parabolic curve, the Golden Cross, and bullish readings from the MACD and RSI. If the price remains above the $0.30 level and respects the parabolic support, it could retest recent highs or even break above the 0.3736 resistance.
Key support lies around the consolidation zone of $0.1435–$0.21, aligned with the 200 MA. The setup appears bullish, but traders should monitor the RSI and MACD for any signs of reversal if the momentum wanes.
Pepe Unchained Presale Enters Final Countdown
The excitement around DOGE has helped fuel a meme coin bull market and that’s spilling over into the Pepe Unchained (PEPU) presale, which has just blasted past $28 million in funds raised.
Investors can’t seem to get enough of PEPU, and whales are circling the meme coin. Over the weekend, one whale purchased 4.6 million PEPU tokens for roughly $63,000.
Last week, another whale spent around $77,000 to buy 6 million PEPU tokens, and the week before, a whale picked up 2.2 million PEPU for $27,000.
Crypto influencers are growing increasingly bullish on Pepe Unchained’s potential. Analyst and YouTuber Austin Hilton, with over 276,000 subscribers, says that PEPU will be huge when it launches within the next 30 days.
Pepe Unchained seeks to free the original PEPE meme coin from the slow, clunky Ethereum blockchain.
That’s why it’s built on its own Layer 2 blockchain network, which comes with blistering speed, much lower costs, and better scalability. In short, it leaves Pepe trailing in the dust.
Pepe Unchained has also launched a developer grant program to attract decentralized applications to its blockchain network, which could boost its total value locked and attract even more investors.
In addition, Pepe’s Pump Pad, a meme coin launchpad that will compete with Solana’s Pump.fun, was recently unveiled.
Grab PEPU Tokens Now Before It Hits Tier 1 Exchanges
This could be your final chance to invest in PEPU tokens before its debut on major Tier 1 exchanges, following in the footsteps of recent meme coins like PNUT and MOODENG, which saw major surges after their Binance listings.
Want to keep an eye on your $PEPU balance and stay updated on claim milestones?@BestWalletHQ has your back! Import your wallet or buy $PEPU directly in the app to see your tokens before the claim date.
Buy $PEPU now 🐸 https://t.co/0I4TSYobyC pic.twitter.com/J9WEz8Sldh
— Pepe Unchained (@pepe_unchained) November 12, 2024
Investors can also stake their PEPU tokens for a huge annual yield of 88%.
PEPU tokens are on sale for $0.01269 a piece right now and can be bought using ETH, USDT, BNB, or a bank card.
With a price hike coming in slightly more than a day, buy soon to lock in the best deal.
Buy PEPU tokens on the official website here.
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- Donald Trump Appoints Elon Musk And Vivek Ramaswamy To Lead Department Of Government Efficiency (DOGE), ”Dismantle Government Bureaucracy”
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