The Department of Government Efficiency price plunged 15% in the last 24 hours to trade at $0.2095 as of 06:25 a.m. EST on trading volume that surged 37% to $17.4 million, according to CoinGecko.
Department Of Government Efficiency Price Gearing Up Towards A Bullish Trend Reversal
The Department of Government Efficiency price, towards mid-November, jumped to its all-time high (ATH) price at around $0.61019. However, the bulls could not sustain the rally, which pushed the price of Department of Government Efficiency to go through a correction.
The bears have managed to push DOGE price down to trade within the confines of the falling wedge pattern. However, the trendlines seem to be merging, which may suggest that there may be a breakout in the coming days.
Meanwhile, as a result of the price falling from the upper boundary of the wedge, DOGE now trades below the 50-day Simple Moving Average (SMA).
The Relative Strength index also supports the bearish trend in the recent days, as it drops towards the 30-oversold region, currently at 34, which shows that the price of Department of Government Efficiency is under intense selling pressure.
If the current price sustains and the bears continue pushing the price down, DOGE could retrace further below the lower boundary of the falling wedge, as $0.14 acts as a cushion against downward pressure.
DOGE/USDT Chart Analysis (Source: Tradingview)
However, as a result of the asset now being oversold, with the RSI dropping further below to the 30-oversold region, the Department of Government Efficiency could soar, surpassing the immediate resistance at $0.277 (50-day SMA), as the bulls target the $0.45 next resistance level.
Meanwhile, investors are rallying behind Catslap ($SLAP) , a new cat-themed meme coin that exploded after launch on the Ethereum network. Analysts from the renowned YouTube channel 99Bitcoins, with over 709K subscribers, are wondering if it’s the next $MOG and predict it could 100X.
Catslap Soars 123% In A Week After MEXC Exchange Listing
Designed to capture the attention of meme enthusiasts and gamers alike, Catslap combines addictive gameplay with crypto innovation through its interactive “Slapometer” feature.
Its slapping game comes with a $100k slap-to-earn prize pool. The addictive game has spurred massive engagement across its growing community with 429 million slaps unleashed across the world.
With a rumored connection to the creators of other top meme coins, Catslap appears well-positioned to follow the success of tokens like Popcat, MEW, and MOG.
The $SLAP price surged 123% in the last week to trade at $0.006827 as of 06:55 a.m. EST after its listing on the MEXC centralized exchange on December 6, according to CoinGecko data. Catslap already has a fully diluted market capitalization of $59 million.
Its partnership with Best Wallet , a fast-growing crypto wallet, connects it to over 60,000 users, boosting visibility and momentum.
Investors can also earn passively with the project’s staking mechanism, which offers a stellar 40% annual percentage yield (APY).
You can purchase SLAP Token from its official website here .
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