Join Our Telegram channel to stay up to date on breaking news coverage
The Department of Government Efficiency price soared 38% in the last 24 hours to trade at $0.2479 as of 09:23 p.m. EST on trading volume that surged 53% to $32.7 million, according to CoinGecko.
Department of Government Efficiency Price On A Bullish Trend Reversal
The DOGE/USDT chart shows an earlier strong bullish rally (around early November) followed by a consolidation phase, forming a descending triangle. These patterns often indicate potential continuation of the prior bullish trend upon breakout.
The Department of Government Efficiency price has recently broken out above the descending triangle’s upper trendline around $0.22, suggesting a bullish continuation.
Additionally, the DOGE price is also above the 200-day Simple Moving Average (SMA), which confirms a longer-term bullish trend. The 50-day SMA remains above the 200-day SMA, reinforcing a bullish market structure.
The Relative Strength Index (RSI) is slightly below the overbought region (70), indicating there is still room for upward momentum without entering overbought conditions. This level is bullish but not yet overheated, suggesting the breakout has strength.
Meanwhile, the Moving Average Convergence Divergence (MACD) is in bullish territory, with the MACD line crossing above the signal line recently. This crossover confirms bullish momentum. The increasing histogram bars further indicate strengthening bullish pressure.
A continuation of the current upward trend could force the price of Department of Government Efficiency towards a sustained breakout towards a bullish trend reversal. In this scenario, the DOGE price could soar even further, as the bulls target the $0.37 resistance.
DOGE/USDT Chart Analysis (Source: Tradingview)
In a bearish scenario, however, the Department of Government Efficiency price could plunge back to the lower boundary of the triangle and within the 200-day SMA at $0.1839.
Meanwhile, investors are going all-in on new PEPE rival Pepe Unchained ($PEPU), which has surged past the $60 million mark in one of the most successful meme coin presales of all time.
According to 99Bitcoins, a leading crypto YouTube channel with more than 710k followers, Pepe Unchained ($PEPU) could be the next meme coin to deliver 100x returns after its launch.
Buy Pepe Unchained Now Before Major Exchange Listings
Pepe was originally built on the Ethereum blockchain and has long been hampered by its Layer-1 technology, which has frequent network delays, slow speeds and high gas fees.
Enter Pepe Unchained, which is designed to unchain PEPE from its clunky blockchain and help it embrace the future. It comes with its own Layer 2 blockchain that will tackle the scalability, speed, and efficiency issues that plague meme coins built on Layer 1 blockchains like Ethereum.
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 project is actively enhancing its visibility and functionality by introducing various features within the Pepe Unchained ecosystem, including a decentralized exchange, bridging capabilities, and staking rewards.
Pepe Unchained is preparing for its market debut, sparking excitement among investors after the team announced plans for major exchange listings. This has fueled speculation about whether Binance or Coinbase might be among the platforms.
A listing on either of these prominent exchanges could potentially trigger a significant price surge for PEPU, similar to the sharp rally seen with PEPE following its listings on Coinbase and Robinhood recently.
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
With the launch of Pepe Unchained scheduled for approximately December 13, investors have about 13 days to prepare for what is poised to be one of the most significant meme coin launches of the year.
You can buy $PEPU tokens now for $0.01295 each.
To join the presale, buy $PEPU from the official website here using ETH, USDT, or a bank card.
Related Articles
- Metaplanet To Raise $62M To Buy More Bitcoin
- How to Buy Pepe Unchained – $PEPU Presale Review
- Bitcoin Price Prediction for Today, November 29
Most Searched Crypto Launch - Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured in Cointelegraph
- SolidProof & Coinsult Audited
- Staking Rewards - pepeunchained.com
- $40+ Million Raised at ICO - Ends December
Join Our Telegram channel to stay up to date on breaking news coverage
