As of 4.20am EST the Department of Government Efficiency (DGE) price fell 5% over the past 24 hours, trading at $0.2359. Trading volume jumped 70% to $25.58 million.
The DOGE price is now down 40% on a weekly basis from last Wednesday’s price of $0.396 to its current price of $0.23. The token was corrected with the rest in the Bitcoin-led crash that initially pushed BTC’s value to $87k.
Since then, DOGE fluctuated as BTC fluctuated, between this support and resistance at $92k. It also went up and down from $0.20 to $0.40.
However, since the start of this week, the token has been dropping despite the recent hype surrounding Donald Trump’s Department of Government Efficiency, co-led by Elon Musk.
But, after finding its bottom at $0.20, the token appears ready to bounce back up, which is also in line with Bitcoin’s current performance, which sent the coin back to a new all-time high.
Also, DOGE is expected to be listed on WEEX at 10 AM UTC today.
Department of Government Price Prediction
While the token’s 24-hour performance is currently still in the red, DOGEGOV actually started recovering several hours ago. At the time of this writing, DOGEGOV’s price is struggling to overcome a $0.24 resistance, but several indicators indicate that there is room for growth.
From a technical standpoint, DOGEGOV is able to continue growing. The only question that remains is if the market will allow this.
The project’s Bollinger bands have widened significantly compared to their state from around 4-5 hours prior to the time of writing, which is a bullish sign. The price has also climbed up to the upper bands after being stuck in the middle of the bands.
Then, there is the project’s Relative Strength Index (RSI), which ended the day yesterday fluctuating between the value of 40 and 50, still in the neutral zone, but closer to the oversold area.
In the last few hours, the RSI has moved back to the positive side of the neutral zone. This means that it is closer to the overbought area. The RSI has fluctuated between 60 and 65 over the past 4 hours. This suggests that traders are bullish but they have not been too aggressive in their purchases.
This suggests that there’s still room for further growth. It is also worth noting that many of the altcoins are moving from trading in the red to trading in the green, led by Bitcoin’s 2% surge in the last 24 hours, which finally allowed the coin to go beyond $93k once more, currently at $93.3k.
DOGEGOV’s price is just below $0.24, and this mirrors the situation that Bitcoin has reached.
A promising alternative to Department of Government efficiency
FreeDum Fighters and DOGE are not the only projects that have recently exploded, as they both have strong links to US politics.
The presale project was originally a satirical take on the US presidential elections, with mechanized Trump and Harris in an epic showdown. The project offered those who purchased its native token DUM the opportunity to stake their tokens into two reward pools that belonged to each of the combatants.
It introduced an interesting mechanism that the pool with less supporters would offer larger staking reward, as the goal was for community to abandon its loyalties and play on both sides.
The project’s long-term potential has been revealed now that the elections are over. Users can choose from a variety of political figures.
This will allow the stakeholder to vote for these new politicians, discuss their stances, and much more.
There will also be new political battles with new characters. Dark MAGA, represented by a satirical version of Elon Musk, has already made an appearance in the project’s art.
ClayBro is a crypto YouTuber who has over 131k followers. He predicted that FreeDum Fighters will soar 150% in value after its launch.
The project is close to raising $600k in its presale, and DUM tokens sell for $0.000085 each.
To get the best price, buy before the price increases in about 1 week.
Click here to visit DUM
