The Department of Government Efficiency (DOGE) token has dropped by 5% over the past 24 hours, with its price standing at $0.2359 as of 4:20 a.m. EST. Despite a 70% increase in trading volume, the token's price continues to decline.
Recent DOGE Price Performance
Since the beginning of the week, the token's price has been decreasing, hitting a low of $0.20. However, it is now expected to recover to $0.24, in line with Bitcoin's price movements, which have also hit a new all-time high.
Technical Analysis of DOGEGOV
Technical indicators suggest potential growth for the DOGEGOV price. The widening of Bollinger bands and the positive movement of the Relative Strength Index (RSI) indicate increased buying activity, though it has not yet reached the overbought zone, leaving room for further growth.
Alternative Projects for Growth
While DOGE continues to fluctuate, new projects with growth potential are emerging, such as FreeDum Fighters, which offers a satirical take on political figures and unique staking mechanics, attracting attention and high expectations.
Despite current challenges, DOGE and other altcoins still have recovery prospects due to the overall market growth and support from major projects like Bitcoin.
