Dogecoin Price Prediction, To the Moon or Hype Balloon
- Dogecoin surpasses $0.8, marking its highest value since July, driven by community enthusiasm for the upcoming launch of a physical Dogecoin to the Moon.
- Bakkt, a cryptocurrency firm, extends custodial support to include Shiba Inu and Dogecoin, contributing to the surge in Dogecoin's value.
- At present, DOGE is priced at $0.08350, reflecting a 3.50% increase in the last 24 hours.
Post April '23, Dogecoin broke $0.084 resistance, signaling success
Astrobotic, based in Pittsburgh, confirms inclusion of physical DOGE in DHL Moonbox via ULA's Vulcan Centaur Rocket.
Increased Dogecoin activity on Robinhood (HOOD): 103 million DOGE transferred during a notable price surge.
Dogecoin's recent market momentum tied to whale activities and lunar ambitions generates buzz.
$0.08 resistance, aligning with July's peak, suggests anticipated consolidation before Dogecoin targets a $0.1 breakout.
Technical View:
According to Coingabbar Price Analysis, Dogecoin, post-April 2023, successfully breaches the $0.08400 resistance zone, with sustained positive momentum stemming from a falling wedge breakout.
The DOGE price experiences a noteworthy 47% surge in the last 30 days, surpassing both the 50-day and 200-day Exponential Moving Averages.
Bullish indicators point to an imminent golden crossover event, highlighting the coin's growing positive momentum.
The leading meme coin skyrockets above $0.8, triggered by a significant breakout from a crucial bullish pattern identified the previous week.
A validated double-bottom pattern emerges as a key bullish signal, suggesting a potential 18% breakout, aiming for the $0.1 mark.
KEY LEVELS :
RESISTANCE LEVEL : $0.08600-$0.09000
SUPPORT LEVEL : $0.08200-$0.07900
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
