Department Of Government Efficiency Price Aiming For A Bullish Trend Reversal

The DOGE price chart analysis on the 4-hour timeframe reflects recent price action that showcases a mixture of bearish momentum transitioning into potential consolidation or reversal.

The Department Of Government Efficiency (DOGE) price is aiming for a bullish trend reversal as it surges amid President-elect Donald Trump's remarks on Elon Musk's role in shaping policy.

The DOGE price chart analysis on the 4-hour timeframe reflects recent price action that showcases a mixture of bearish momentum transitioning into potential consolidation or reversal. A clear downtrend is visible since mid-November, with lower highs and lows forming within a falling wedge pattern in December.

However, recent price action near $0.13 shows a potential breakout attempt above the descending trendline, signaling a possible shift in momentum.

As the price of the Department Of Government Efficiency moves towards a recovery, it has breached the 50-day Simple Moving Average (SMA) and aims to surge to the 200-day SMA, which now acts as the immediate resistance at $0.2127.

The Relative Strength Index (RSI) is hovering around 57.74, suggesting improving bullish momentum as the RSI has exited oversold conditions and is approaching a moderately strong zone.

If DOGE price manages to break and sustain above the falling wedge, the next target could be $0.15, followed by a potential push toward the $0.18–$0.20 resistance zone.

Failure to sustain above the $0.1313 level (50-day SMA) and a rejection near the channel’s upper boundary could lead to a retest of the $0.11 support level. A breakdown below this support could see the Department Of Government Efficiency price falling to new lows near $0.10 or $0.09.

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