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The Division Of Authorities Effectivity worth pumped over 11% within the final 24 hours to commerce at $0.3078 as of 6:15 a.m. EST as traders go lengthy on the meme coin.
With this current acquire, the DOGE worth has pushed its weekly efficiency deeper into the inexperienced zone to greater than 42%.
Division Of Authorities Effectivity Worth Breaks Above The $0.3326 Resistance
4-hour chart for DOGE/USD (Supply: GeckoTerminal)
The Division Of Authorities Effectivity worth escaped a unfavorable channel in the previous few hours, and subsequently breached the $0.3326 resistance stage. Now, the meme coin is trying to flip the barrier at $0.3295 into assist. A 4-hour candle shut above this mark might then give DOGE the technical basis wanted to rise to as excessive as $0.3657.
However, a rejection from the $0.3295 resistance or a drop under $0.3326 within the coming 24 hours might mark the top of DOGE’s bullish transfer. On this various case, the Division Of Authorities Effectivity worth could be prone to dropping under a constructive development line that has shaped on its 4-hour chart. This might then result in a check of the $0.2507 assist.
Technical Indicators Counsel The Division Of Authorities Effectivity Worth May Hold Rising
Technical indicators on DOGE’s 4-hour chart counsel the Division Of Authorities Effectivity worth may proceed to climb by means of the course of the subsequent buying and selling day. Each the Shifting Common Convergence Divergence (MACD) and the Relative Power Index (RSI) are flashing bullish.
In current hours, RSI readings have risen from the low to excessive 50s. This means a rise in bulls’ energy, which might result in DOGE’s worth rising within the coming couple of hours.
A significant bullish technical flag was triggered by the MACD indicator within the final 12 hours as nicely, with the MACD line crossing above the MACD Sign line throughout this era. Merchants normally interpret the MACD line crossing above the MACD Sign line as a sign {that a} crypto has entered a constructive development.
If these bullish technical indicators affect merchants’ choice making within the subsequent 24 hours, the Division Of Authorities Effectivity worth may quickly flip the resistance stage at $0.3295 into assist.
Whereas DOGE tries to maintain its bullish momentum going, traders are flocking to a brand new political meme coin by the title of FreeDum Fighters (DUM) for potential 100X positive factors.
A PolitiFi Token That Is Right here For The Lengthy Time period
With the US presidential election over and pro-crypto Donald Trump popping out on high, many political meme cash that attempted to capitalize on the hype across the highly-anticipated political occasion have light into the sidelines.
However PolitiFi token FreeDum Fighters (DUM) goals to cement itself within the crypto market in addition to set up itself as a long-term challenge.
Initially, the challenge provided traders a gamified, on-chain model of the US presidential election. On the core of the meme coin’s ecosystem is the conflict between the fictional Magatron, representing Trump, and Kamacop, representing Kamala Harris. Every character has an related staking pool.
Which means whereas Trump will probably be taking the White Home for a second time period, Harris supporters can nonetheless earn engaging crypto rewards by throwing their assist behind the mechanized Kamacop.
Anybody who stakes DUM in Kamacop’s pool will unlock entry to a 346.34% APY. In the meantime, Magatron supporters stand to earn as much as 231.06% in rewards.
Put up-election, the challenge will now proceed to function a blockchain-hosted platform for political lovers to remain updated with the entire newest developments. This new chapter may even see extra characters enter the FreeDum Fighters ecosystem.
One in all these new figures is DOGE, which is the personification of Trump’s proposed Division of Authorities Effectivity. Darkish MAGA, aka Elon Musk, is already featured on the challenge’s web site.
With this push to turn out to be a long-term political meme coin challenge, it’s simple to see why a number of specialists have shared their bullish predictions for DUM. An analyst from the 99Bitcoins YouTube channel, which has over 710K subscribers, believes DUM might soar 100X after its launch.
Traders Rush To Purchase DUM Earlier than Its Presale Ends
FreeDum Fighters has managed to lift over $713K by means of its presale to this point. Just lately, the group added a countdown timer to the challenge’s ICO. There at the moment are simply over 4 days left for traders to get in on the bottom stage of the meme coin.
5 winners. 200 $USDT every 💸
With the presale coming to an finish, we’re working a meme contest by way of Gleam!
Be sure to observe the hyperlink to see all the foundations 👇https://t.co/jX6DIfPZ0M pic.twitter.com/hgPsQTWwT2
— FreeDum Fighters (@Freedum_Fighter) November 22, 2024
To accumulate DUM, traders can make the most of the straightforward purchase widget embedded on the challenge’s web site. Presently promoting for $0.000115, DUM could be purchased with both ETH, BNB, BASE, SOL, USDT or USDT.
As soon as bought, traders can then lock up their DUM tokens in both Magatron or Kamacop’s staking pool for passive rewards.
Go to DUM right here. Purchase earlier than a worth hike in lower than six hours to safe the very best deal.
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