{"id":604124,"date":"2024-11-25T10:30:07","date_gmt":"2024-11-25T10:30:07","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=604124"},"modified":"2024-11-25T10:30:07","modified_gmt":"2024-11-25T10:30:07","slug":"is-it-too-late-to-buy-doge-department-of-government-efficiency-price-surges-12-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-surges-12-and-this-might-be-the-next-crypto-to-explode","title":{"rendered":"Is It Too Late To Buy DOGE? Department Of Government Efficiency Price Surges 12% And This Might Be The Next Crypto To Explode"},"content":{"rendered":"

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.<\/p>\n

Department of Government Efficiency Price Aims For A Bullish Trend Reversal<\/h2>\n

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<\/a>.<\/p>\n

Even though the Department of Government Efficiency price<\/a> still trades below the 50-day Simple Moving Averages (SMAs), it gracefully trades above the 200-day SMA, which supports the general bullish bias.<\/p>\n

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.<\/p>\n

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.<\/p>\n

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.<\/p>\n

\"Department
DOGEUSD Chart Analysis Source: GeckoTerminal<\/figcaption><\/figure>\n

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.<\/p>\n

As the DOGE price surges, Pepe Unchained (PEPU)<\/a> is another token on a tear after blasting past $40 million in funds raised as it enters the last 18 days of its presale.<\/p>\n

YouTube channel 99Bitcoins, with over 706K subscribers, says it has the potential to turn $1k into $10k after launch.<\/p>\n