{"id":592302,"date":"2024-10-28T15:28:31","date_gmt":"2024-10-28T15:28:31","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=592302"},"modified":"2024-10-28T15:28:31","modified_gmt":"2024-10-28T15:28:31","slug":"is-it-too-late-to-buy-doge-department-of-government-efficiency-price-soars-46-after-elon-musk-comments-and-this-might-be-the-next-crypto-to-explode","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/is-it-too-late-to-buy-doge-department-of-government-efficiency-price-soars-46-after-elon-musk-comments-and-this-might-be-the-next-crypto-to-explode","title":{"rendered":"Is It Too Late To Buy DOGE? Department Of Government Efficiency Price Soars 46% After Elon Musk Comments And This Might Be The Next Crypto To Explode"},"content":{"rendered":"

The Department of Government Efficiency price soared 46% in the last 24 hours <\/span>to trade at $0.04775<\/span><\/a> as of 06:41 a.m. EST on trading volume that skyrocketed 101% to $8.4 million.<\/span><\/p>\n

This comes after Elon Musk said that Donald Trump’s government could save at least $2 trillion if he is elected and Musk heads a Department of Government Efficiency (DOGE). <\/span><\/p>\n

“Your money is being wasted, and the Department Of Government Efficiency is going to fix that,” Musk said.<\/span><\/p>\n

Trump has previously said that he’d put Musk in charge of a Department Of Government Efficiency (DOGE) if he is elected. Dogecoin (DOGE) and Department of Government Efficiency (DOGE) have often spiked after comments by Musk.<\/span><\/p>\n

Department Of Government Efficiency Price Could Continue Soaring<\/h2>\n

The Department Of Government Efficiency price has been on a decline since October 21, as the bears took control of the price within the $0.051 resistance to the $0.025 support zone, according to data from <\/span>GeckoTerminal<\/span><\/a>.<\/span><\/p>\n

The support allowed the bulls to stage a bullish trend reversal, forming a parabolic curve that aims at sustaining the overall bullish trend.<\/span><\/p>\n

DOGE now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the current bullish trend. Moreover, the 50-day SMA has crossed above the 200-day SMA, which has formed a golden cross at $0.036, further cementing the bullish sentiment.<\/span><\/p>\n

The Relative Strength Index seems to be recovering towards the 70-overbought region, currently at 66, indicating that the price of Department Of Government Efficiency is under intense buying pressure.<\/span><\/p>\n

Meanwhile, the Moving Average Convergence Divergence (MACD) fully supports the bullish outlook as the blue MACD line moves above the orange signal line, forming a bullish crossover.<\/span><\/p>\n

The general trend is currently bullish, as the bulls aim to push the price of Department Of Government Efficiency to a new all-time high (ATH). In this case, the bulls could propel the token to hit the $0.070 resistance.<\/span><\/p>\n

 <\/span>\"Department<\/p>\n

DOGEUSD Chart Analysis Source: GeckoTerminal.comMeanwhile, the RSI is soaring, which could result in the asset being overextended and overvalued. In this scenario, the price of Department Of Government Efficiency could plunge back to the 50-day SMA ($0.03651), which acts as the next possible support level.<\/span><\/p>\n

As DOGE soars, rival new meme coin <\/span>Pepe Unchained (PEPU)<\/span><\/a> is about to explode past $23 million in funds raised in its presale, probably the most successful of the year. <\/span><\/p>\n

According to 99Bitcoins, a YouTube channel with over 706K subscribers, this new meme coin could potentially surge by 100X following its launch.<\/span><\/p>\n