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Department Of Government Efficiency Price Prediction: DOGE Plummets 23% As Experts Say This Rival Might Be The Best Crypto To Buy Now

InsidebitcoinInsidebitcoin2024/09/10 14:22
By:Insidebitcoin

The Department of Government Efficiency price plummeted 23% in the last 24 hours to trade at $0.008157 as of 03:35 a.m. EST on trading volume that soared 48% to $11.26 million.

Department Of Government Efficiency Price Prediction: DOGE Currently Bearish

The Department of Government Efficiency price has been on a downtrend after hitting an all-time high (ATH) of $0.01674 yesterday. From that time, the DOGE price has been trading within a falling channel pattern.

The downtrend has pushed the DOGE price down below the 50-day Simple Moving Average (SMA) but remains above the 200-day SMA, which acts as the immediate support level at $0.0025.

Moreover, the bearish sentiment is supported by the Relative Strength Index (RSI) dropping from the 50-midline level, currently at 42 as it tumbles down, indicating that sellers have the upper hand.

DOGEUSD Chart Analysis (Source: GeckoTerminal )

If the selling continues, the price of DOGE may plunge further back, with $0.00258 as the next possible support level.

However, with the RSI now dropping to the oversold level, the DOGE price may become undervalued, which is a buying signal for the bulls.

If the bulls buy at this level, the Department of Government Efficiency price may recover over the falling channel, as they target $0.015.

As the Department of Government Efficiency price bulls look for more entry points, investors are shifting to a new Shiba Inu alternative called Shiba Shootout (SHIBASHOOT) .

Crypto channel 99Bitcoins, with more than 706k subscribers, says investors who buy $SHIBASHOOT can earn “insane rewards.“

Shiba Shootout Presale Blasts Past $1 Million, Best Alternative To Buy Now?

Shiba Shootout offers a P2E game called Shiba Sharpshooter that has amassed over 1,000 downloads on the Google Play Store, with a Web3 app launching soon. The project has already raised over $1.09 million in its presale. 

The game is built around the town of Shiba Gulch, a bustling digital settlement that is a favorite with Shiba lovers who come together to challenge each other in gun battles.

Apart from P2E crypto gaming in Shiba Gulch, $SHIBASHOOT holders can also easily earn passively through the platform’s staking mechanism, which offers 858% in annual rewards.

If you are interested in participating in the presale, you can buy the token for $0.0202. But don’t wait too long as the price will increase in less than six days.

You can buy SHIBASHOOT tokens on the official website here using ETH, BNB, USDT, or a bank card.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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