The Department of Government Efficiency price pumped 4% in the last 24 hours to trade at $0.000005919 as of 6:40 a.m. EST on a 30% drop in trading volume to $266,700.
The DOGE price rise came after Elon Musk tweeted that “D.O.G.E will fix it” in response to news that California officials had rejected more SpaceX rocket launches.
This is so dumb. SpaceX is literally America's only chance to stay ahead of China in space, and these guys are reading X posts??? pic.twitter.com/P1Sx6oGJ6E
— Noah Smith 🐇🇺🇸🇺🇦🇹🇼 (@Noahpinion) October 15, 2024
Musk was referring to Donald Trump’s plan to put him in charge of a Department of Government Efficiency (DOGE) if he retakes the White House after next month’s presidential election.
Department of Government Efficiency Price Outlook
The UNI/USDT price has been moving strongly upward, peaking at $0.00006009. But after that surge, it’s pulled back about 12.85%, bringing the price down to $0.00005609. The chart shows a key support level at 0.0000496, and this level has acted like a solid floor before, so if the price holds here, we might see the bulls step back in and push the price higher.
The parabolic curve is also forming, suggesting the price has been moving upward very quickly. The bullish trend could continue if the support level at $0.0000496 holds.
DOGEUSDT Analysis Source: Dextools.io
The 50-period SMA sits right at $0.0000496, which lines up with the current support level and acts as dynamic support if the Department of Government Efficiency price dips further. The 200-period MA is lower at 0.0000421, signaling that the trend is still bullish in the long term, though a deeper pullback could happen if we break that support.
The MACD is still in bullish territory. The MACD average line is above the signal line, pushing higher, indicating that there’s still some strong buying momentum. The histogram bars are positive too, which strengthens the case for continued bullish movement if the price stays above that support. The Relative Strength Index (RSI) is at 52.06, a neutral zone. This means the market isn’t overbought or oversold.
If the price holds above $0.0000496, we’re looking at continuing the bullish trend, and it might even push back toward the recent high of $0.00006009. But if the price breaks below 0.0000496, we could see a deeper pullback toward $0.0000421.
New PEPE Rival Roars Towards $21 Million In Presale: Next Crypto To Explode?
Meanwhile, as Department of Government Efficiency Price traders anticipate a possible surge, investors are rushing to buy Pepe Unchained (PEPU), a new layer 2 PEPE derivative that has just stormed past $20.1 million in its presale.
What sets PEPU apart from the other meme coins is its impressive Layer-2 network, Pepe Chain, designed specifically to speed up meme coin trading.
This chain handles transactions up to 100 times faster than Ethereum, and slashes gas fees, too. And it still works perfectly with Ethereum’s dApps and services, so you get the best of both worlds.
The team behind the project just rolled out a new developer grant program called “Frens with Benefits.” It’s designed to bring in fresh talent and help grow the Pepe Chain ecosystem.
WE JUST HIT $20M RAISED!
And with this milestone, we have another major project update to share with our incredible community! pic.twitter.com/z9xlqZ2dAV
— Pepe Unchained (@pepe_unchained) October 16, 2024
Investors can also stake $PEPU tokens for a 110% annual return. Over 1.4 billion PEPE tokens have already been staked.
According to an analyst from the 99 Bitcoins YouTube channel, which has over 706k subscribers, PEPU could potentially skyrocket by 100X once it launches.
At the moment, $PEPU tokens are priced at $0.0103 and can be bought with $ETH, $USDT, $BNB, or bank cards.
Buy PEPU tokens on the official website here.
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