Dogecoin Price Prediction: DOGE Surges 7% As This $55 Million Pepe Derivative Offers A Last Chance To Buy

Dogecoin Price Soars on Department of Government Efficiency Announcement

The Dogecoin (DOGE) price has surged by 7% in the past 24 hours, reaching $0.36 as of 3:30 a.m. EST. This jump follows a 25% increase in trading volume, reaching $8 billion.

The surge in DOGE's price coincides with the inauguration of US President Donald Trump, who announced the creation of the new Department of Government Efficiency (D.O.G.E.).

Technical Analysis

The DOGE/USDT chart on a 1-day timeframe reveals the formation of a potential bullish "Cup and Handle" pattern. This pattern suggests a potential resumption of the uptrend following a consolidation phase.

The base of the cup lies around $0.30, while the peak reaches $0.40, creating a $0.10 range. If DOGE breaks above the $0.40 resistance level, it could rally towards a projected target of $0.50.

Strong support lies between $0.30 and $0.32, with buyers consistently stepping in to defend the price during pullbacks. The LuxAlgo indicator also suggests favorable conditions for upward movement.

Current resistance is massed between $0.39 and $0.40. A breakout above this zone could trigger further buying pressure.

Wall Street Pepe Presale Surpasses $55 Million

Amidst DOGE's price surge, investors are also adding funds to the pre-sale of Wall Street Pepe (WEPE), a derivative of Dogecoin. The WEPE pre-sale has surpassed $55 million, with just 25 days remaining until its conclusion.

WEPE aims to create a collaborative platform where members can share market insights, identify early trade opportunities, and collectively decide which projects to back. Investors can also benefit from a 25% annual staking yield.

Crypto analyst ClayBro predicts a potential 100X pump for WEPE at launch. Investors can purchase WEPE tokens for $0.0003665 using ETH, USDT, or bank cards.