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Amid the ongoing post-election cryptocurrency rally, Dogecoin (DOGE) has breached key resistance levels, with the next anticipated target at $0.50.

The fall of the Dogecoin price below $0.40 triggered a surge in its trading volume and leading South Korean exchanges are profiting from it. Dogecoin (DOGE) declined by 5% in the past 24 hours and is trading at $0.

Dogecoin has rocketed up with a rally of over 150% during the past week as on-chain data shows the return of sharks and whales on the network. Dogecoin Sharks & Whales Have Seen Their Count Grow Recently According to data from the on-chain analytics firm Santiment, the sharks and whales have shown a reversal in their count recently.

Dogecoin's (DOGE) market cap has overtaken XRP and USDC. It is now above both coins in the market.

Legendary trader Peter Brandt is likely turning into a Dogecoin (DOGE) fan, considering his latest charts for the meme coin. Taking to X, Brandt spotlighted a historical chart correlation between Bitcoin (BTC) and the meme coin dating back to 2015-2016.

Dogecoin's price has surged 226% monthly to $0.3661, reaching a $44 billion market cap as MyDoge wallet prepares to launch DogeOS, a new Web3 platform featuring games and applications.

Serial tech entrepreneur and owner of the X social media platform (formerly known as Twitter) Elon Musk has published a D.O.G.E. tweet after he earlier published a document about his appointed as the head of the Department of Government Efficiency formed by the new US president.

Trump's appointment of Elon Musk to lead a new government efficiency department sparked massive gains in related cryptocurrency tokens and promises a tech-driven approach to reducing government waste.

On Nov. 12, President-elect Donald Trump announced that he had officially picked eccentric Tesla/SpaceX CEO Elon Musk and Strive Enterprises co-founder Vivek Ramaswamy to lead the new administration's Department of Government Efficiency, a concept conveniently abbreviated as D.O.G.E.

In a post on X, Musk announced that every action by the Department of Government Efficiency will be shared online, aiming for complete transparency.

US President-elect Donald Trump has appointed two prominent crypto supporters—tech mogul Elon Musk and former Republican presidential candidate Vivek Ramaswamy—to lead a new initiative, the Department of Government Efficiency (DOGE). On Nov.

The newly created Department of Government Efficiency will work to cut “waste and fraud” from $6.5 trillion in US government spending.

Dogecoin price subsided on Wednesday in a market-wide pullback, but the underlying sentiment and momentum call for further upside.

Following weeks of relentless promotion, the Department of Government Efficiency (DOGE) is set to become a reality, potentially sending the price of Dogecoin (CRYPTO: DOGE) to unprecedented levels. What happened: On Tuesday, President-elect Donald Trump appointed Elon Musk, the conceiver of the idea, and entrepreneur-turned-politician Vivek Ramaswamy to oversee the department, which aims to streamline federal bureaucracy and eliminate “excess” laws.

The implementation of the DOGE program will significantly cut the US government spending from the current $6.5T annual budget and heavily deregulate the country.

With a new 52-week higher formation at $0.4389, last seen in May 2021, the Dogecoin price rally is gaining momentum. Dogecoin's market cap exceeds $53B, accounting for nearly half of the meme coin's market cap, $110B. However, a pullback in Bitcoin results in a minor step back in the DOGE price.

Leading Dogecoin wallet MyDoge CEO revealed on Wednesday that ‘DogeOS' launch remains imminent, sparking significant market discussions across the industry. The CEO, Jordan, revealed via a social media post that the new app layer launch aims to empower the next generation of Web3 users, in turn garnering market attention to the meme cryptocurrency.

DOGE's price has surged 78% since Trump's election win a week ago.

Donald Trump appointed Tesla CEO Elon Musk and Strive Enterprises co-founder Vivek Ramaswamy to lead the newly formed Department of Government Efficiency (DOGE).

Dogecoin price has retraced by 12.2% in the last 24 hours after surging to a new yearly high of $0.4346. As traders book profit from Bitcoin and large caps, a rare indicator on the Dogecoin chart suggests the meme coin could hit $1 in November.

The other massive loser over the past day is Cardano.

In an X post, Musk said that all Department of Government Efficiency actions will be posted online for maximum transparency.

Dogecoin (DOGE) has just crossed a new symbolic milestone by reaching $0.43 on major exchanges, its highest level in over three years. This spectacular performance comes in a post-election context marked by Donald Trump's victory and the renewed optimism of crypto investors.

President-elect Donald Trump has announced that Tesla CEO Elon Musk and Strive Enterprises co-founder Vivek Ramaswamy will lead DOGE department.