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The Department Of Government Efficiency price has soared 85% in the last 24 hours to trade at $0.041 as of 3:30 a.m. on a 248% pump in trading volume to $12.72 billion.
Department Of Government Efficiency Price Spikes In A Parabolic Rally
The Dogecoin price action has posted an explosive move in a parabolic rally after weeks of sideways movement. On the 4-hour chart, the price shows a long consolidation phase that held between $0.010 and $0.020.
After multiple rejections and accumulation within that zone, DOGE broke out decisively, igniting a vertical push to trade at its current price.
The parabolic move began after the breakout from the consolidation zone around May 7, supported by a shift in momentum indicated by technical indicators. The 50-period moving average (MA) served as dynamic support, confirming the change in trend.
As DOGE maintained higher lows, a parabolic curve began forming, and the price accelerated dramatically to the upside, with no significant pullbacks in sight. A clear support zone formed above the $0.020 level, giving bulls a solid defense base.
DOGEUSDT Analysis Source: Dextools.io
Department Of Government Efficiency Price Indicators Signal A Pull Back
Momentum indicators strongly support the current rally. The Moving Average Convergence Divergence (MACD) and MACD Signal lines have formed a bullish crossover, backed by rising volume, indicating increasing buying pressure.
The Relative Strength Index (RSI) has surged into overbought territory at 78.49, which typically signals potential short-term exhaustion. However, during parabolic moves like this, the RSI can remain overbought for extended periods of time as momentum builds.
The rapid price spike appears to be driven by renewed retail interest, likely fueled by social media hype and speculative enthusiasm, both hallmarks of Dogecoin’s past rallies.
While parabolic rallies can deliver major gains, steep corrections often follow them. A break below the parabolic curve or the $0.020 support level could trigger swift downside moves. Risk management is key for anyone entering these elevated levels.
Despite the strong bullish momentum, the key question is whether DOGE can sustain this upward trajectory or if a cooling-off period is just around the corner.
BTC Bull Token Presale Closes On $6M – Next Crypto To Explode?
Meanwhile, as DOGE traders book profits, investors are snapping up BTC Bull Token (BTCBULL), a new Bitcoin-themed meme coin that has already raised over $5.8 million during its presale.
BTCBULL has a special reward system where holders can earn free Bitcoin through airdrops. As Bitcoin’s price rises, the rewards increase too, giving the token real value.
The idea behind the project is that Bitcoin could eventually hit $1 million. BTC airdrops are triggered at key price levels, making BTCBULL appealing to long-term Bitcoin believers.
Holders will start receiving Bitcoin rewards once BTC reaches $150,000, with more airdrops at every $50,000 increase until the leading crypto hits $1 million.
The grind pays off. 💸💸 pic.twitter.com/1rPMIpcv9G
— BTCBULL_TOKEN (@BTCBULL_TOKEN) May 12, 2025
The rewards will depend on how much each person invested during the presale, giving early investors a bigger share.
A large airdrop is also planned when Bitcoin hits $250,000, with 10% of BTCBULL’s total 21 billion tokens set to be released. This could mean big gains for long-term holders, especially with a potential crypto bull run incoming.
The popular YouTube channel 99Bitcoins, with over 725k subscribers, says BTCBULL could surge 10x after launch.
Get BTCBULL Now And Earn A 71% Staking APY
BTC Bull Token will also burn tokens once Bitcoin hits $125,000, with additional burns for every $25,000 increase in the BTC price after that. This move could put upward pressure on the BTCBULL price as the token becomes more scarce. This bullish pressure could start to surge as investors rush to get in on the Bitcoin airdrops.
Investors can earn a 71% annual return by staking BTCBULL as well, offering a strong passive income opportunity, especially for those getting in early.
Currently priced at just $0.002515, BTCBULL can be purchased through the project’s website using crypto or a bank card.
Buy before a price hike in around 2 days to secure the best deal.
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