DOGE price surges 19% as investors flock to rival PEPU

Department of Government Effectiveness price soared 19% in the past 24 hours to trade at $0.2746 as of 2:48 a.m. EST on trading volume that plunged 26% to $24 million .

Government Department Efficiency Prices Prepare for Uptrend Reversal

The Department of Government Efficiency price saw a strong bull run from early November to mid-November, as shown by the significant upward price movement (highlighted by the green arrow). However, it has since entered a retracement phase, characterized by lower highs and lower lows, forming a falling wedge pattern, as shown GeckoTerminal.

Department of Government Efficiency price appears to be attempting to break out of the descending channel, which could indicate the start of another upward move.

DOGE has now moved below the 50 simple moving average (SMA) on the 4-hour chart, coinciding with the downtrend. However, Department of Government Efficiency price is still trading well above the 200 SMA, supporting long-term bullish sentiment.

The Relative Strength Index (RSI) is currently at 51.15, which is a neutral level after recovering from oversold conditions during the recent retracement and is now within the mid-range. This suggests that the momentum is neither overbought nor oversold, and that there is room for further upside if buying pressure continues.

The MACD line (blue) crosses above the signal line (orange) following a bullish crossover. This is a potential indication of a reversal to the upside. The histogram is also starting to turn positive, suggesting weakening bearish momentum.

If a breakout occurs, Department of Government Efficiency price could reach the next possible resistance level at $0.50.

However, in case the bears take over, the 200 SMA ($0.13) could be the next possible support.

As Floki bulls aim for continued upside, other investors are buying a new coin, Pepe Unchained (PEPU)which, according to 99Bitcoins, a crypto channel on YouTube with over 706,000 subscribers, could grow 100x upon launch in just 22 days.

Pepe Unchained Presale Raises Over $40 Million – Presale Ends in 22 Days

Pepe was initially built on the Ethereum blockchain and has long been confined by its layer 1 technology, heavily characterized by network delays and increased gas fees.

Pepe Unchained — Revolutionary layer 2 blockchain technology.

Welcome to the future of meme coins. 🐸 pic.twitter.com/iC9b6YSynT

– Pepe Unchained (@pepe_unchained) September 6, 2024

Pepe unleashed is a PEPE-based token hatching a plan to break free from its chains and embrace the future with Pepe Unchained. The project also aims to address scalability, speed, and efficiency issues that often plague meme coins built on layer 1 blockchains like Ethereum.

Pepe Unchained L2 preview!

What we are building is not just a new channel, but an entire ecosystem.

🐸Pepe Unleashed L2
🐸Block Explorer
🐸DEX
🐸Bridge
🐸Advanced analysis
🐸Subsidies for builders

Pepe Unchained is coming. And this will shake up the crypto space. pic.twitter.com/ZVnvgO6MGF

– Pepe Unchained (@pepe_unchained) September 26, 2024

Investors continue to purchase more PEPU, with the presale now generating over $40 million in initial funding. The presale is particularly attractive because investors can stake their tokens immediately, with projected annual returns of around 71%.

The presale now also features a countdown, and there are only 22 days left until the project is listed on Tier 1 exchanges. Could PEPU be the next coin to explode after potential listings on major exchanges like Coinbase or Binance?

You can purchase PEPU tokens for $0.01295 each before the presale ends. To participate in the presale, buy PEPU on its official website using ETH, USDT or a bank card.

Buy PEPU here.

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Most Wanted Crypto Launch – Pepe Unchained

• Layer 2 Coin Ecosystem
• Featured in Cointelegraph
• SolidProof and Coinsult audited
• Faceoff Rewards – pepeunchained.com
• Over $10M Raised at ICO – Ending Soon