Altcoin News Official TheBitTimes.com

The Dogecoin price has surged 7% in the last 24 hours to trade at $0.36 as of 3:30 a.m. EST on a 25% pump in trading volume to $8 billion. This jump in the DOGE price comes shortly after US President Donald Trump’s inauguration, where he announced the formation of the new Department of Government Efficiency (D.O.G.E.). BREAKING: Trump forms the Department of Government Efficiency by executive order. Trump says there will be an office for ~20 people to make sure DOGE's mission is fulfilled. pic.twitter.com/4fcrXaA1Ge — Eric Daugherty (@EricLDaugh) January 21, 2025 The announcement has not only fueled increased activity across the Dogecoin network but also sparked diverse reactions in the prices of both DOGE and its parody tokens, according to on-chain data. Under the leadership of technocrat Elon Musk, the department initially had no direct connection to the largest meme coin on its website. However, on Tuesday, the site began featuring the Dogecoin token logo. Dogec...

The Dogelon Mars price plummeted more than 18% in the last 24 hours to trade at $0.0000002429 as of 10:44 p.m. EST as investors decrease their exposure to the meme coin. Despite the recent steep drop in the ELON price, the crypto is still more than 29% up on the weekly time frame and over 38% in the green on the longer 30-day time frame. Dogelon Mars Price Resting On A Critical Support 1-hour chart for ELON/USD (Source: GeckoTerminal ) The Dogelon Mars price is trading in a descending price channel that has emerged on the meme coin’s hourly chart after the crypto entered into a negative sequence in the last few hours. Now, the crypto is resting on the $0.0000002446 support level. A drop below this technical crutch might lead to a plunge to as low as $0.0000001745 in the short term. On the other hand, the Dogelon Mars price breaking out above the descending price channel in the coming couple of hours could lead to a more bullish scenario playing out. In this alternative case,...