The Department of Government Efficiency price surged 97% within the past 24 hours, rising to $0.008422 as of 03:12 a.m. EST. Trading volume also spiked by 78% to $9.8 million.
The Department of Government Efficiency (DOGE) coin is a playful creation by Elon Musk, drawing inspiration from the popular Dogecoin (DOGE) cryptocurrency.
This reference, initially intended as a joke, coincided with political discussions surrounding Donald Trump's potential offer to Musk of an official government position if he were to return as president.
Department Of Government Efficiency Price Uptrend
The Department Of Government Efficiency has exhibited a bullish trend, with its price driven by the rounding bottom pattern on September 7. According to GeckoTerminal data, bulls initiated an uptrend from the $0.00200 support zone.
Bullish momentum continued on the last day, with support found around the 50-day Simple Moving Average (SMA) of $0.0040. This paved the way for a trend continuation beyond the $0.0080 resistance.
DOGE currently trades above both the 50-day and 200-day SMAs, reinforcing the sustained uptrend.
Moreover, the Relative Strength Index (RSI) indicates strong buying pressure, currently at 66 and approaching the 70 overbought zone.
The Moving Average Convergence Divergence (MACD) also remains above the neutral line, indicating positive momentum for DOGE.
Department Of Government Efficiency Price Forecast
Based on the price analysis, DOGE is experiencing a bullish rally. Should the uptrend continue, DOGE could potentially rise above its current price, with bulls targeting $0.010 in the near future.
However, bearish sentiment could cause the Department Of Government Efficiency price to retreat to the $0.0040 level (50-day SMA).
Crypto All-Stars Presale
Alongside the rise in DOGE, the Crypto All-Stars (STARS) presale has garnered attention, surpassing $1.1 million in funds raised.
Crypto YouTuber Jacob Bury, with over 42K subscribers, believes that STARS has the potential for significant growth following its launch.
About Crypto All-Stars
Crypto All-Stars has raised over $1.1 million in three weeks during its ICO, a notable achievement amidst the prevailing market downturn.
The project introduces a novel concept by enabling the staking of popular meme coins like Dogecoin ($DOGE) and Pepe ($PEPE) together, allowing their holders to receive rewards in the form of the native $STARS token through the MemeVault protocol.
Additionally, Crypto All-Stars accommodates staking for Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk, with plans to expand the list in the future.
Holders can generate passive income through the project's native staking mechanism, offering a 1,277% annual percentage yield (APY).
The token is currently available for purchase at $0.0014305. To secure the most favorable price, consider purchasing before the price adjustment in less than a day.
STARS tokens can be acquired from the official website using BNB, USDT, or a bank card.
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