The Department of Government Efficiency (DOGE) price has plummeted amid changes related to federal payment system access.
DOGE Price Plummets
The DOGE price has dropped 29% to $0.0517, with trading volume at $4.8 million. This decline coincided with reports that Treasury Secretary Scott Bessent granted the Department of Government Efficiency full access to the federal payment system, sparking controversy and leading to the resignation of Treasury’s David Lebryk.
Current Market Analysis
Recently, the DOGE price has been in a downtrend, with attempts at recovery thwarted by strong selling pressure around key resistance levels. The Relative Strength Index (RSI) indicates neutral momentum, highlighting weak buying interest supporting a correction.
Increasing Interest in Solaxy
As DOGE sells off, investors are turning their attention to Solaxy (SOLX), which has seen significant growth in its presale. Solaxy addresses Solana's congestion issues by developing a bridge with Ethereum, offering enhanced blockchain efficiency.
The situation for DOGE remains uncertain amid economic shifts and growing interest in emerging projects like Solaxy.
