👉Finally, the date that Astrobotic has been planning to send a physical Dogecoin to the moon in the DHL Moonbox by means of the Vulcan Centaur Rocket from United Launch Alliance has arrived.
👉DOGE has the potential to transform the resistance level of $0.10 into a support floor followed by a surge to the range high of $0.10730.
👉Under the condition that a daily candlestick closes below $0.08990, the bullish thesis will be rendered invalid.
The price of Dogecoin (DOGE) is getting ready for its next move, and positive fundamentals are indicating that bolster the case for bulls rather than bears. This is despite the fact that DOGE has been around for ten years.
Current status of Dogecoin on the moon
After weeks of anticipation, the "Dogecoin on the moon" calendar date has finally arrived. Astrobotic, a company located in Pittsburgh, is going to send a physical Dogecoin to the moon in the DHL Moonbox via the Vulcan Centaur Rocket, which is scheduled to arrive in just over twenty-four hours.
Notably, the price of Dogecoin increased by approximately twenty percent around the sixteenth of November when the news of the three people going to the moon was released to the market.
The $DOGE community provided funding for the event in 2015, and the objective of the event was to be an expression of communal effort. The event is scheduled to take place on December 23.
A statement made by the blockchain agency Crynet states that "Sending Dogecoin to the Moon is not just a whimsical goal." Rather, it presents itself as a great marketing strategy, marrying the meme-driven crypto frenzy to the concrete achievements of space technology, so producing a narrative that is one of a kind.
Also, Bitcoin will be used to board the ship.
BitMEX, a cryptocurrency exchange, is planning to launch a venture that will include the possibility of a real Bitcoin token accompanying the three to space. An statement made in May said that this would be the case, and it also mentioned that a copy of the Genesis Block would be going at the same time. Particularly noteworthy is the fact that Bitcoin Magazine has commissioned the mining of the very first Bitcoin block.
The most recent attempt by the dog-themed meme coin with the moon, measured by market valuation, was a proposal for a SpaceX trip in the year 2022. This endeavor was commissioned by the Canadian company Geometric Energy Corp, who referred to it as "the first-ever commercial lunar payload in history." The entire operation was sponsored exclusively by decentralized cryptocurrency tokens. Despite this, the mission was moved to a later date, which ultimately occurred in January of 2024.
Price forecasts for Dogecoin once the cryptocurrency reaches the moon
There is a strong presence of bulls in the DOGE market, as evidenced by the position of the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD) indicators in the positive territory. This indicates that the price of Dogecoin is advancing toward a move to the north, which is indicated by the Relative Strength Index (RSI) that continues to hold above 50.
It is possible that increased purchasing pressure may cause the price of Dogecoin to extend 5% higher, so transforming the psychological level of $0.1000 into a support floor. The gains might stretch for the value of DOGE to tag the $0.106600 barrier in a very bullish scenario, or in extremely ambitious scenarios, they could extend a neck high to the range high at $0.10730, which is the level that was most recently tested on December 11.
On the other hand, if the momentum of selling continues to build, the price of Dogecoin may begin to draw south, initially losing the immediate support around $0.08990. In the event that a daily candlestick closes below this level, the bullish thesis would be rendered incorrect.
In the worst possible scenario, the price of Dogecoin might continue to fall until it reaches the psychological level of $0.08000, which is 15% lower than its present values.
