President-elect Donald Trump has begun selling DOGE T-shirts after the meme token's price pump ended. Dogecoin (DOGE).
On the Trump campaign website can buy $28 DOGE T-shirt featuring Elon Musk, Donald, and the cryptocurrency's shiba inu Dogecoin . However, the print is not dedicated to the digital asset, but to the Department of Government Efficiency, abbreviated as DOGE. Musk will head this department together with entrepreneur Vivek Ramaswani.
The course Dogecoin , like many other cryptocurrencies, soared after Trump's victory in the presidential election was announced on November 6. In less than a week, the coin has risen in price by 167%, and its value reached its highest since May 2021 at $0,44.
However, the bullish rally stalled on Tuesday and a contracting triangle began to form on the chart, with lines set to intersect on November 16. Given the width of the pattern, it can be assumed that after a breakout of the lower line of the triangle, the price of DOGE will fall to $0,31 or even lower.
DOGE was also supported by Musk, who was nicknamed the Father Dogecoin for his love for this coin. In response to the publication of the cryptocurrency developer Shibetoshi Nakamoto, Elon wrote , that due to the source code, a gradual decrease in the level of inflation of DOGE in percentage terms is achieved, and this process is not a bug, but a feature of the blockchain Dogecoin .