Department Of Government Efficiency [DOGE(GOV)]$DYM $PNUT $NEIRO

DOGE(GOV) has surged 244% in the past week to reach an all-time high of $0.545. After a minor correction, investor sentiment is showing mixed signals regarding the short-term price trajectory.

The altcoin holds support at $0.161, providing insurance against potential profit-taking. However, if selling pressure intensifies, DOGE(GOV) could drop sharply, potentially to $0.049. Such a drop would erase much of the recent gains and strengthen the bearish momentum. On the other hand, if DOGE(GOV) holds above the $0.161 support, it could regain its upward momentum. A successful hold at this level could allow the memecoin to return to its all-time high of $0.545. This will refute the bearish forecasts and open the way for further growth.