Department Of Government Efficiency Price Prediction Amid Elon Musk USAID Controversy And As Experts Predict 100X Gains For This Meme Coin Index

The Department of Government Efficiency price plunged 63% in the last 2 weeks and 1% in the last 24 hours to trade at $0.04944 as of 02:47 a.m. EST on trading volume that plummeted 35% to $5.2 million.

This drop in the DOGE price comes as Elon Musk called the US Agency for International Development (USAID) a criminal organization without providing any evidence and said it was “time for it to die.” 

Trump has entrusted Elon Musk, under the Department of Government Efficiency (DOGE), to reduce the federal government’s spending and oversee the project.

Department Of Government Efficiency Price On A Bearish Trend

The DOGE price has been a strong bearish trend since reaching its peak near $0.52 in November.

After failing to hold above key Fibonacci Retracement levels, the price has steadily declined and is now hovering just above the 0.786 Fibonacci level at $0.11193, according to data from GeckoTerminal .

Additionally, the price of DOGE has fallen below both the 50-day and 200-day Simple Moving Averages (SMAs), which signals a prolonged bearish phase. There is no immediate sign of reversal as the Department of Government Efficiency price continues to form lower highs and lower lows, confirming the ongoing downward momentum.

The Relative Strength Index (RSI) value is 37.23, and has been consistently declining. However, it hasn’t yet entered the extreme oversold zone (below 30), which would typically signal a strong reversal possibility. If the RSI dips below 30, there could be a short-term bounce, but until then, downward pressure remains dominant.

If a rebound happens, the 0.618 level ($0.19895) & 0.5 level ($0.26007) will act as major resistance. The 0.236 Fibonacci level at $0.39681 represents the strongest resistance in case of a breakout attempt.

DOGE/USDT Chart Analysis Source: GeckoTerminal

DOGE Price Prediction

Based on the current technical setup, the outlook for the price of the Department of Government Efficiency remains bearish unless a strong support level is established. 

If the price of DOGE breaks below $0.049, the next possible support is around $0.04 or even $0.03, where stronger buying interest may emerge.

Conversely, if the Department of Government Efficiency price finds support and the RSI moves into oversold conditions, there might be a short-term bounce towards $0.10-$0.12 before encountering resistance at $0.198 (0.618 Fibonacci).

As the DOGE price plunges, investors are shifting focus to a new meme coin called Meme Index (MEMEX) . According to 99Bitcoins, a prominent crypto channel on YouTube that boasts over 724K subscribers, MEMEX has the potential to be the next 100x crypto.

Meme Index Presale Garners Over $3.3 Million—Next 100X Crypto?

Meme Index is changing the meme coin investing landscape with an index fund-style approach.

Instead of the usual chaos, it offers four curated indexes covering everything from Dogecoin and Pepe to newly launched coins. 

These indexes are Meme Titan, Moonshot, Midcap, and Meme Frenzy. Each basket caters to varying risk appetites, from relatively safer options like Meme Titan to the highest-risk index, Meme Frenzy, which features emerging and highly volatile meme coins for those seeking a thrilling investment experience with potentially huge rewards.

This unique approach has captured the attention of investors, who have already pumped over $3.36 million into the project’s presale. 

Meme Index allows investors to create a balanced portfolio, offering a safer way to navigate the unpredictable meme coin market.

MEMEX holders can also participate in its presale staking pool, which currently provides a stratospheric annual yield of 677%. 

To participate in the presale, you can purchase MEMEX tokens on the official website for just $0.0159077. 

Buy soon to lock in the best deal, as the token’s price will increase in less than 2 days.

Buy MEMEX on its official website here before the next presale price increase.

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