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The Dogecoin price fell 20% this week to $0.31. Markets dropped as Trump picked Katie Miller to run the Department of Government Efficiency (DOGE). This new role could change crypto rules and affect how prices move. Source: FX Leaders Also Read: Saylor Proposes $81 Trillion Bitcoin Reserve to Reinvent US Financial System How Market Volatility and Trump’s Appointment Could Impact Dogecoin’s Future Source: Coinpedia Latest Price Movements The Dogecoin price touched $0.267 Friday, which is the lowest in a month. Trader Tardigrade watched the Gaussian Channel, which helps spot price trends. “The fast rebound from the $0.267 low to $0.34 shows great buying interest at lower levels,” Tardigrade explains. Trump Picks New DOGE Leader Thank you @realDonaldTrump for your trust. Deeply honored to work for you at DOGE to make our government efficient and accountable. Let’s Make America Great Again! https://t.co/JYuvCEu6mp — Katie Miller (@katierosemiller) December 23, 2024 ...

The Department Of Government Efficiency price has soared 89% in the last 24 hours to trade at $0.3347 as of 3:25 a.m. EST on a 350% pump in trading volume to $84 million. The DOGE surge follows Donald Trump’s announcement that Elon Musk and Vivek Ramaswamy would lead a new Department of Government Efficiency, or DOGE. The department is named after the DOGE meme coin, which Musk often promotes on social media. pic.twitter.com/4K0ruu7UMS — Elon Musk (@elonmusk) November 13, 2024 Trump said the department’s goal is to ”dismantle government bureaucracy.” Department Of Government Efficiency Price Faces A Short Retracement The 1-hour DOGE/USD chart indicates a strong bullish setup with distinct trends and indicators. The price is around $0.3027, slightly below its recent high near $0.3736. This move follows a clear breakout from a consolidation phase, where the price had been trading in a narrow range (highlighted by the orange line). This consolidation...