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The Dogecoin price climbed 4% in the last 24 hours to trade at $0.1742 as of 4:58 a.m. EST, with trading volume surging 22% to $1.3 billion.
This rise in the DOGE price comes after Elon Musk signaled that he might be planning to step down from his cost-cutting role at the Department of Government Efficiency (D.O.G.E) by the end of May after reducing the US deficit by $1 trillion, cutting the current total federal spending level down to about $6 trillion.
Rumour has it, Elon Musk is planning to step down from his role at the Department of Government Efficiency (DOGE).
When he achieves a $1 trillion reduction in the U.S. deficit, Musk believes his mission will be complete.
But here’s the real question:
Is this the kind of… pic.twitter.com/cXqVdp27xs
— Joseph Valente (@MrJosephValente) March 31, 2025
Musk said “he’s done”, and his team averaged $4 billion a day, indicating that most of the work required was to reduce the deficit by a trillion dollars within 130 days.
Dogecoin Price Aims For A Bullish Breakout
The daily chart of the DOGE price exhibits a falling wedge pattern, a bullish reversal setup that typically indicates a potential breakout to the upside.
The Dogecoin price has been in a downtrend since its peak, forming lower highs and lower lows within the wedge structure.
This pattern suggests that selling pressure is weakening, and a breakout could be imminent if bullish momentum builds.
A notable event on the chart is the fake out above the wedge, where the price of DOGE briefly surged beyond resistance before falling back into the pattern.
This false breakout likely trapped buyers and added to the ongoing downtrend.
DOGE is currently attempting another move near the upper trendline of the wedge, signaling that buyers are testing resistance once more.
The 50-day Simple Moving Average (SMA) at $0.2032 and the 200-day SMA at $0.2548 are positioned above the current price, reinforcing a bearish trend, according to GeckoTerminal data.
The Relative Strength Index (RSI) is at 44.67, which indicates neutral momentum but leans slightly toward bearish territory.
However, the Moving Average Convergence Divergence (MACD) shows signs of an incoming bullish trend, with the blue MACD line crossing above the orange signal line, forming a bullish crossover.
Is A DOGE Rise To $0.3 Next?
According to the DOGE/USDT chart analysis, the DOGE price action suggests that a breakout from the falling wedge is highly probable in the near future.
If the price of Dogecoin successfully breaks above the wedge resistance and reclaims $0.20 (50-day SMA), the next key resistance would be around $0.25 (200-day SMA).
A confirmed breakout above $0.25 could lead to a stronger rally toward $0.30 and beyond.
On the downside, if DOGE fails to maintain support above $0.15, the bearish trend could continue, pushing prices toward lower support levels around $0.12 or lower.
Meanwhile, investors are rushing to buy a new AI agent crypto called MIND of Pepe (MIND). 99Bitcoins, a popular crypto channel on YouTube with over 725K subscribers, says MIND has the potential to soar 100X after launch.
Mind Of Pepe Presale Races Towards The $8 Million Mark – Next 100X Crypto?
MIND of Pepe is the first AI built for crypto trading. It uses advanced technology to analyze market trends and help traders find profitable opportunities.
It gathers insights from a large group of investors, especially those on social media platforms like X. By studying these discussions, MIND of Pepe spots valuable market signals.
Unlike regular trading tools, MIND of Pepe runs on the latest AI models and improves over time.
It processes huge amounts of data, makes independent decisions, and quickly adapts to market changes without a central authority.
🔥 MIND of Pepe $MIND Update 🔥
MIND of Pepe $MIND continues its unstoppable evolution, solidifying its position as the most advanced AI-powered crypto-intelligence system
LLM Persona Refinement
MoP’s language model is getting sharper!
◉ Enhanced intelligence & engaging… pic.twitter.com/H56ATBvKzn
— MIND of Pepe (@MINDofPepe) March 20, 2025
Such features continue to attract investors, with its ongoing presale already fetching over $7.7 million.
MIND holders also have the opportunity to stake their tokens for a stratospheric 289% annual percentage yield (APY).
Currently, MIND tokens are priced at $0.0036379 and can be bought with either crypto or bank cards via the easy-to-use widget embedded on the project’s website.
Interested investors will want to act fast, because MIND’s price will undergo a scheduled presale increase in about 15 hours.
Visit the MIND of Pepe website.
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