{"id":606540,"date":"2024-12-03T14:40:27","date_gmt":"2024-12-03T14:40:27","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=606540"},"modified":"2024-12-03T14:40:27","modified_gmt":"2024-12-03T14:40:27","slug":"department-of-government-efficiency-price-prediction-doge-pumps-11-but-traders-turn-to-this-politifi-rival-with-only-4-days-left","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/department-of-government-efficiency-price-prediction-doge-pumps-11-but-traders-turn-to-this-politifi-rival-with-only-4-days-left","title":{"rendered":"Department Of Government Efficiency Price Prediction: DOGE Pumps 11%, But Traders Turn To This PolitiFi Rival With Only 4 Days Left"},"content":{"rendered":"
The Department Of Government Efficiency price pumped over 11% in the last 24 hours to trade at $0.3078 as of 6:15 a.m. EST as investors go long on the meme coin.<\/span><\/p>\n With this recent gain, the DOGE price has pushed its weekly performance deeper into the green zone to more than 42%.<\/span><\/p>\n 4-hour chart for DOGE\/USD (Source: GeckoTerminal)<\/span><\/p>\n The Department Of Government Efficiency price <\/span>escaped<\/span><\/a> a negative channel in the last few hours, and subsequently breached the $0.3326 resistance level. Now, the meme coin is attempting to flip the barrier at $0.3295 into support. A 4-hour candle close above this mark could then give DOGE the technical foundation needed to rise to as high as $0.3657.<\/span><\/p>\n On the other hand, a rejection from the $0.3295 resistance or a drop below $0.3326 in the coming 24 hours could mark the end of DOGE’s bullish move. In this alternative case, the <\/span>Department Of Government Efficiency<\/span><\/a> price might be at risk of dropping below a positive trend line that has formed on its 4-hour chart. This could then lead to a test of the $0.2507 support.<\/span><\/p>\n Technical indicators on DOGE’s 4-hour chart suggest the Department Of Government Efficiency price might continue to climb through the course of the next trading day. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flashing bullish.<\/span><\/p>\n In recent hours, RSI readings have risen from the low to high 50s. This suggests an increase in bulls’ strength, which could lead to DOGE’s price rising in the coming couple of hours.<\/span><\/p>\n A major bullish technical flag was triggered by the MACD indicator in the last 12 hours as well, with the MACD line crossing above the MACD Signal line during this period. Traders usually interpret the MACD line crossing above the MACD Signal line as an indication that a crypto has entered a positive trend.<\/span><\/p>\n If these bullish technical signs influence traders’ decision making in the next 24 hours, the <\/span>Department Of Government Efficiency<\/span><\/a> price might soon flip the resistance level at $0.3295 into support.<\/span><\/p>\nDepartment Of Government Efficiency Price Breaks Above The $0.3326 Resistance<\/span><\/h2>\n
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Technical Indicators Suggest The Department Of Government Efficiency Price Might Keep Rising<\/span><\/h2>\n