Scott Kupor, head of the Office of Personnel Management (OPM), recently confirmed to the media the definitive closure of the Department of Government Efficiency (DOGE). Despite this fundamentally negative news, the Dogecoin price prediction shows an unexpected and resilient positive turn in current financial markets. This fact marks a notable disconnect between political events in Washington and the speculative behavior of the digital asset.
The asset has recorded a 1.1% increase in the last 24 hours, defying the usual bearish logic in the face of events of this nature. Additionally, trading volumes skyrocketed by 20%, demonstrating a renewed and strong interest from retail traders. The price bounced firmly from the critical level of $0.13, a technical zone that previously served as a launchpad to double its value in past trading periods. On the other hand, this recovery movement arises just after the token broke a long-standing support trend line.
The elimination of the agency follows reports of an alleged rift between President Donald Trump and entrepreneur Elon Musk. Historically, the link of this office with the meme cryptocurrency caused significant increases in its quotation due to media speculation. However, the market seems to have completely ignored the current political drama, prioritizing technical fundamentals over adverse fundamental headlines that could have tanked the price. Thus, investors are demonstrating that the asset’s narrative no longer depends exclusively on government decisions.
Could the current technical support catalyze a massive rally towards new annual highs?
If the historical pattern observed in April repeats from the current base, investors could see a potential gain of 100%. A sustained move could lead the asset to retest its recent high of $0.29, consolidating the strength of the trend to the upside in the short term. If buying momentum is maintained, the rally could even extend to the peak of $0.47 recorded in November 2024. This would mean an impressive recovery that would imply a considerable return for holders who entered in the low zone.
The current situation suggests that meme assets are decoupling from government news to follow their own market dynamics. Therefore, the $0.13 zone is expected to continue acting as a solid floor while bulls seek to regain control fully and challenge immediate overhead resistances. The failure of the government initiative, ironically, has served to validate the token’s resilience in the face of external adversity.
