Is It Too Late To Buy DOGE? Department Of Government Efficiency Price Surges 12% And This Might Be The Next Crypto To Explode

Department of Government Efficiency Price Aims for Bullish Reversal

In the past 24 hours, the Department of Government Efficiency price has surged 12% to trade at $0.2445, while trading volume has declined 11% to $11.8 million.

Technical Analysis

After a rapid upward movement in mid-November, the Department of Government Efficiency price entered a falling channel pattern, indicating consolidation. Currently, the price appears to be attempting a breakout to the upside, having exceeded the triangle resistance at approximately $0.2660.

Despite trading below the 50-day Simple Moving Average (SMA), the price remains above the 200-day SMA, indicating a bullish bias.

The Relative Strength Index (RSI) is neutral, suggesting neither overbought nor oversold conditions. However, its upward movement from the midline suggests growing bullish momentum. A crossing above 60 would indicate increased buying pressure.

The MACD line is slightly above the signal line, potentially indicating a bullish crossover. The histogram is shifting towards positive territory, suggesting potential bullish momentum.

Outlook

If the current breakout is confirmed, the price could target previous highs around $0.400–$0.500. Conversely, if the bears regain control, the price could drop to major support at $0.157 within the 200-day SMA.