Department of Government Efficiency Price Prediction: DOGE Pumps 4% After Elon Musk Tweet As This New PEPE Rival Roars Past $20 Million In P...
Release: 2024/10/17 23:57 Reading: 327
Department of Government Efficiency Price Surges on Musk's Tweet
The Department of Government Efficiency price jumped 4% within 24 hours to $0.000005919, despite a 30% decline in trading volume to $266,700.
Elon Musk's tweet, suggesting that "D.O.G.E. will fix it," triggered the surge after reports that California officials had rejected more SpaceX rocket launches.
Department of Government Efficiency Price Outlook
The DOGEUSDT price has been on an upward trend, recently reaching a peak of $0.00006009. However, it has since retreated by approximately 12.85%, bringing the price down to $0.00005609.
The chart indicates a support level at $0.0000496, which has previously prevented further declines. If the price holds above this level, buyers may return to push it higher.
A parabolic curve suggests a rapid upward movement, and the bullish trend could continue if the $0.0000496 support holds.
Technical Analysis
- The 50-period SMA is aligned with the $0.0000496 support level.
- The 200-period MA is lower at $0.0000421, indicating a long-term bullish trend.
- The MACD is still in bullish territory, indicating buying momentum.
- The RSI is at 52.06, suggesting a neutral market sentiment.
Conclusion
If the price remains above $0.0000496, the bullish trend is likely to continue, potentially reaching the recent high of $0.00006009. However, if it breaks below this level, a pullback to $0.0000421 may occur.
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