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The Department of Government Efficiency price soared 12% in the last 24 hours to trade at $0.2445 as of 02:44 a.m. EST on trading volume that plunged 11% to $11.8 million.
Department of Government Efficiency Price Aims For A Bullish Trend Reversal
After a parabolic move upwards (green arrow) in mid-November, the Department of Government Efficiency price entered a falling channel pattern, indicating consolidation following the rally. It now appears to be attempting a breakout to the upside, as the current candle is above the triangle resistance around $0.2660, according to data from GeckoTerminal.
Even though the Department of Government Efficiency price still trades below the 50-day Simple Moving Averages (SMAs), it gracefully trades above the 200-day SMA, which supports the general bullish bias.
The Relative Strength Index (RSI) is neutral, suggesting neither overbought nor oversold conditions. However, it is moving upwards from the midline, hinting at growing bullish momentum. If it crosses above 60, it would signal stronger buying pressure.
The MACD line is slightly above the signal line (0.0013 vs. -0.0121), indicating a potential bullish crossover. The histogram is shifting towards positive territory, suggesting that bullish momentum might be gaining strength.
The price is attempting a breakout above the resistance of this triangle. If confirmed, the next target would likely be the previous highs around $0.400 – $0.500.
Meanwhile, if the bears take control of the price at this level, the Department of Government Efficiency price could plunge to the major support, within the 200-day SMA at $0.157.
As the DOGE price surges, Pepe Unchained (PEPU) is another token on a tear after blasting past $40 million in funds raised as it enters the last 18 days of its presale.
YouTube channel 99Bitcoins, with over 706K subscribers, says it has the potential to turn $1k into $10k after launch.
Last Chance To Buy Pepe Unchained Before Major Exchange Listings
Pepe Unchained is the newest meme coin capturing widespread attention, already making waves with over $40 million raised in its presale phase.
Funds are pouring into the project at an accelerating rate, which puts Pepe Unchained on course to amass more than $50 million before it lists.
The team has put a timer on the presale, which now shows that the Pepe Unchained presale will end in about 18 days with listings thereafter on tier 1 exchanges.
After its blockbuster presale, one of the most successful of all time, there is speculation that PEPU could snare a Coinbase or Binance listing.
We’ve been approached by several Tier 1 exchanges interested in $PEPU.
While this is an exciting opportunity that will boost visibility and liquidity, it also requires careful planning to ensure the best possible launch.
— Pepe Unchained (@pepe_unchained) September 18, 2024
It comes with a proprietary Layer 2 blockchain that provides faster and more cost-effective transactions for Pepe ownership, positioning itself as a rival that could potentially dethrone its predecessor, Pepe ($PEPE).
The idea behind the project is that it will liberate Pepe from the limitations of its old, cumbersome Layer 1 server on Ethereum.
Are you coming with? There are more chains to break just around the corner. ⛓
Pepe's got your back. 🐸💚 pic.twitter.com/mDPOaCIA47
— Pepe Unchained (@pepe_unchained) November 15, 2024
The development team has ambitious goals, and recently unveiled Pepe’s Pump Pad, a meme coin launchpad that will take on Solana’s Pump.fun.
Token holders can also earn passively through the platform’s staking system, which offers an annual percentage yield (APY) of 64%.
You can buy $PEPU tokens for $0.01295 each. To join the most successful presale of the year, buy $PEPU from the official website here using ETH, USDT, or a bank card.
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