The Department Of Government Efficiency price pumped over 11% in the last 24 hours to trade at $0.3078 as of 6:15 a.m. EST as investors go long on the meme coin.
With this recent gain, the DOGE price has pushed its weekly performance deeper into the green zone to more than 42%.
Department Of Government Efficiency Price Breaks Above The $0.3326 Resistance
4-hour chart for DOGE/USD (Source: GeckoTerminal)
The Department Of Government Efficiency price escaped a negative channel in the last few hours, and subsequently breached the $0.3326 resistance level. Now, the meme coin is attempting to flip the barrier at $0.3295 into support. A 4-hour candle close above this mark could then give DOGE the technical foundation needed to rise to as high as $0.3657.
On the other hand, a rejection from the $0.3295 resistance or a drop below $0.3326 in the coming 24 hours could mark the end of DOGE’s bullish move. In this alternative case, the Department Of Government Efficiency price might be at risk of dropping below a positive trend line that has formed on its 4-hour chart. This could then lead to a test of the $0.2507 support.
Technical Indicators Suggest The Department Of Government Efficiency Price Might Keep Rising
Technical indicators on DOGE’s 4-hour chart suggest the Department Of Government Efficiency price might continue to climb through the course of the next trading day. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flashing bullish.
In recent hours, RSI readings have risen from the low to high 50s. This suggests an increase in bulls’ strength, which could lead to DOGE’s price rising in the coming couple of hours.
A major bullish technical flag was triggered by the MACD indicator in the last 12 hours as well, with the MACD line crossing above the MACD Signal line during this period. Traders usually interpret the MACD line crossing above the MACD Signal line as an indication that a crypto has entered a positive trend.
If these bullish technical signs influence traders’ decision making in the next 24 hours, the Department Of Government Efficiency price might soon flip the resistance level at $0.3295 into support.
While DOGE tries to keep its bullish momentum going, investors are flocking to a new political meme coin by the name of FreeDum Fighters (DUM) for potential 100X gains.
A PolitiFi Token That Is Here For The Long Term
With the US presidential election over and pro-crypto Donald Trump coming out on top, many political meme coins that tried to capitalize on the hype around the highly-anticipated political event have faded into the sidelines.
But PolitiFi token FreeDum Fighters (DUM) aims to cement itself in the crypto market as well as establish itself as a long-term project.
Initially, the project offered investors a gamified, on-chain version of the US presidential election. At the core of the meme coin’s ecosystem is the clash between the fictional Magatron, representing Trump, and Kamacop, representing Kamala Harris. Each character has an associated staking pool.
This means that while Trump will be taking the White House for a second term, Harris supporters can still earn attractive crypto rewards by throwing their support behind the mechanized Kamacop.
Anyone who stakes DUM in Kamacop’s pool will unlock access to a 346.34% APY. Meanwhile, Magatron supporters stand to earn up to 231.06% in rewards.
Post-election, the project will now continue to serve as a blockchain-hosted platform for political enthusiasts to stay up to date with all of the latest developments. This new chapter will also see additional characters enter the FreeDum Fighters ecosystem.
One of these new figures is DOGE, which is the personification of Trump’s proposed Department of Government Efficiency. Dark MAGA, aka Elon Musk, is already featured on the project’s website.
With this push to become a long-term political meme coin project, it’s easy to see why multiple experts have shared their bullish predictions for DUM. An analyst from the 99Bitcoins YouTube channel, which has over 710K subscribers, believes DUM could soar 100X after its launch.
Investors Rush To Buy DUM Before Its Presale Ends
FreeDum Fighters has managed to raise over $713K through its presale so far. Recently, the team added a countdown timer to the project’s ICO. There are now just over 4 days left for investors to get in on the ground stage of the meme coin.
5 winners. 200 $USDT each 💸
With the presale coming to an end, we are running a meme contest via Gleam!
Make sure to follow the link to see all the rules 👇https://t.co/jX6DIfPZ0M pic.twitter.com/hgPsQTWwT2
— FreeDum Fighters (@Freedum_Fighter) November 22, 2024
To acquire DUM, investors can utilize the simple buy widget embedded on the project’s website. Currently selling for $0.000115, DUM can be bought with either ETH, BNB, BASE, SOL, USDT or USDT.
Once purchased, investors can then lock up their DUM tokens in either Magatron or Kamacop’s staking pool for passive rewards.
Visit DUM here. Buy before a price hike in less than six hours to secure the best deal.
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