The price of the Department of Government Efficiency has fallen by more than 2% in the past 24 hours, trading at $0.03945 as of 4:00 AM ET, while trading volume has plummeted by 50% to $3.1 million.
This DOGE price decline comes as US President Donald Trump considers returning 20% saved by Elon Musk’s Department of Government Efficiency (DOGE) to US citizens.
Breaking News: President Trump says his administration is discussing returning all DOGE savings of 20% to US taxpayers:
“We are considering a new concept to return 20% DOGE savings to US citizens.”
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— Benny Johnson (@bennyjohnson) February 19, 2025
At the Miami summit, Trump also proposed that another $20% of DOGE savings be used to help reduce the $3.6 trillion national debt. The administration claimed to have saved $55 billion by canceling government contracts and cutting jobs, although those figures have not been verified.
Government Efficiency price struggles below key resistance level
The DOGE/USD 4-hour chart shows a persistent bearish channel leading to a sustained downtrend. However, a double bottom pattern has recently formed at key support levels, triggering a minor rebound. Nonetheless, DOGE is now consolidating within a descending triangle, suggesting that a breakout could occur soon.
The 50-period Simple Moving Average (SMA) is located around $0.04732, which is significantly above the current price. This suggests that unless this level is broken, DOGE remains in a bearish phase. Trading below the 50 SMA shows continued downward pressure. A breakout of this level will be an early sign of a bullish reversal.
DOGEUSD analysis source: Dextools.io
Looking at the Moving Average Convergence Divergence (MACD) indicator, both the MACD line (-0.00265) and the signal line (-0.00256) are in negative territory, reflecting weak momentum. The histogram is relatively flat, indicating low volatility and minimal buying pressure. However, if buyers enter the market, a bullish crossover may occur, driving prices higher.
The relative strength index (RSI) is currently at 40.91, which is below the neutral level of 50. This shows that momentum is weak and buying pressure will remain subdued unless the RSI climbs above 50-55. A breakout of this range will further confirm a trend reversal.
The key resistance levels to watch include $0.04732 (50 SMA). If DOGE can break above this level, it may open up the upside towards $0.060-0.065. On the downside, the immediate support is at $0.039. A break below this level may trigger further declines to the $0.035-0.030 range.
DOGE remains neutral to bearish. For a potential bullish reversal, traders should watch to see if the price can recapture the 50 SMA and if the MACD confirms a bullish crossover.
This AI Pepe has surpassed $6.5 million in pre-sales — What’s the best cryptocurrency to buy now?
As the price of Government Efficiency prepares to bounce off support, a new AI cryptocurrency called Mind of Pepe (MIND) is gaining attention. In just two months, its presale has raised more than $6.5 million, and investors continue to buy.
MIND is not just another memecoin, it is powered by a self-evolving AI that tracks market trends in real time. It stands out in the cryptocurrency space as the first AI agent to feature the iconic Pepe meme.
The Telegram group will be opened at 2pm UTC tomorrow. $MIND
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— MIND of Pepe (@MINDofPepe) February 18, 2025
Connected to X and Discord, MIND uses crowd intelligence analysis to detect emerging trends and present the best investment opportunities directly to the community, providing real advantages to token holders.
As MIND’s momentum continues, an analyst at 99Bitcoins (who has 726K YouTube subscribers) predicts that it could surge 100x after listing.
Additionally, investors can stake their MIND tokens to earn up to 3,46% in annual returns.
Currently, the price of MIND is just $0.0033587, and you can buy it using cryptocurrency or a bank card.
Don’t wait too long, as the price of MIND will go through a series of planned increases as the presale progresses.
Buy MIND on its official website before the price goes up in the next 12 hours.
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