The Department of Government Efficiency price skyrocketed 97% in the last 24 hours to trade at $0.008422 as of 03:12 a.m. EST on trading volume that soared 78% to $9.8 million.
The Department of Government Efficiency (DOGE) coin is a humorous reference created by Elon Musk, playing off the name of the popular Dogecoin (DOGE) cryptocurrency.
This reference, while primarily a joke, coincided with larger political discussions around whether Donald Trump would offer Musk an official position in his government if he retakes the White House.
Department Of Government Efficiency Price Poised For A Trend Continuation
The Department Of Government Efficiency price has been on an uptrend, as the bulls capitalized on the rounding bottom pattern on September 7 to stage an uptrend from the $0.00200 support zone, according to data from GeckoTerminal.
On the last day, the bulls used the support around the 50-day Simple Moving Average (SMA), $0.0040, to stage a trend continuation over the $0.0080 resistance.
DOGE now trades above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the continued uptrend.
Moreover, the Relative Strength Index (RSI) is also moving up, currently at 66 and hurtling towards the 70-overbought region, which indicates that the Department Of Government Efficiency is under intense buying pressure.
The Moving Average Convergence Divergence (MACD) also trades above the neutral line, showing that DOGE is currently on a positive momentum.
DOGEUSD Chart Analysis Source: GeckoTerminal.com
Department Of Government Efficiency Price Prediction
According to the Department Of Government Efficiency price analysis, DOGE is currently on a bullish rally. If the bulls continue with the trend, DOGE could soar above the current price, as the bulls target $0.010 in the coming hours.
However, bearish sentiment at this level could see the Department Of Government Efficiency price plunge back to the $0.0040 level (50-day SMA).
As the DOGE price soars, so, too, is the Crypto All-Stars (STARS) presale, which has zoomed past the $1.1 million mark in funds raised.
Crypto YouTuber Jacob Bury, who has over 42K subscribers, says that $STARS has the potential to soar 10X following its launch.
Crypto All-Stars Raises Over $1.1 Million In Three Weeks – Best Meme Coin To Buy Now?
Crypto All-Stars has raised over $1.1 million in three weeks in its ICO, a remarkable feat accomplished amid a market downturn.
The project introduces an industry-first capability by enabling top meme coins that include Dogecoin ($DOGE) and Pepe ($PEPE) to be staked together, enabling their holders to earn a singular reward via the native $STARS token through the MemeVault protocol.
Why Is Everyone Excited?
In its initial presale phase, Crypto All-Stars raised over $350k! 💰
This early success shows that investors see BIG potential here. 🚀
Could this be the next $PEPE? 👀
— web3telepath (@web3telepath) August 15, 2024
Crypto All-Stars also allows users to stake Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi, Coq Inu, and Bonk. The project plans to add more meme coins in the coming months.
Holders can also earn passively through the project’s native staking mechanism, which offers a 1,277% annual percentage yield (APY).
You can buy the token now for $0.0014305. With the price set to increase in less than a day, act fast to lock in the best deal.
Purchase $STARS from its official website here using BNB, USDT, or a bank card.
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