The awaited date for Astrobotic to send a physical Dogecoin to the moon using the DHL Moonbox aboard ULA’s Vulcan Centaur Rocket has arrived. There’s potential for DOGE to turn the $0.10 resistance into a support base, paving the way for a upward move towards the $0.10730 range.
The bullish outlook remains intact unless there’s a daily candlestick closure below $0.08990. Despite Dogecoin’s decade-long existence, its current price consolidation indicates a buildup for the next move, with positive fundamentals favoring the bullish scenario over the bearish one.
Latest News: Dogecoin Reaches the Moon
After a prolonged anticipation, the awaited date for the “Dogecoin on the moon” event has finally arrived. Astrobotic, a Pittsburgh-based firm, is set to send a physical Dogecoin to the moon using the DHL Moonbox, transported by ULA’s Vulcan Centaur Rocket, within the next 24 hours.
Notably, on November 16, the price of Dogecoin surged by nearly 20% upon the announcement of this lunar journey. Scheduled for December 23, the mission was financially supported by the DOGE community back in 2015, symbolizing a collective achievement.
According to Crynet, a blockchain agency, the endeavor to send Dogecoin to the Moon goes beyond whimsy; it serves as a clever marketing strategy, connecting the meme-driven crypto enthusiasm to tangible accomplishments in space technology and crafting a unique narrative.
@serge_golubev, another observer, commends it as a “creative fusion of space exploration and contemporary culture,” showcasing “how space missions can capture public imagination and inject a playful element into the space economy.”
Bitcoin is also set to join the journey.
As part of an initiative orchestrated by crypto exchange BitMEX, a physical Bitcoin token is also expected to accompany the trio heading to space. This revelation came from a May announcement, which outlined plans for the inclusion of a copy of the Genesis Block, the inaugural block mined for Bitcoin and commissioned by Bitcoin Magazine.
The most recent encounter between the largest dog-themed meme coin, based on market capitalization, and the moon was a 2022 proposal for a SpaceX mission. Entirely funded by DOGE tokens, the venture was commissioned by the Canadian firm Geometric Energy Corp, earning the title of “the first-ever commercial lunar payload in history.” However, this mission faced a postponement and is now scheduled for January 2024.
Prospects for Dogecoin’s price take center stage as DOGE embarks on a journey to the moon.
The Dogecoin price seems poised for an upward movement, as indicated by the Relative Strength Index (RSI) holding above 50 and the strong bullish presence in the DOGE market reflected in the positive positions of the Awesome Oscillator (AO) and Moving Average Convergence Divergence (MACD) indicators.
If buying pressure intensifies, there is potential for Dogecoin to climb 5% higher, establishing the $0.1000 psychological level as a support base. In an extremely bullish scenario, the gains might propel DOGE to breach the $0.106600 resistance or, in more ambitious cases, reach the range high at $0.10730, a level last observed on December 11.
On the flip side, should selling momentum gain traction, Dogecoin price might retreat southward, initially breaking the immediate support at $0.08990. A daily candlestick closure below this threshold would nullify the bullish outlook.
In a more challenging scenario, the decline could persist, leading Dogecoin price to challenge the psychological level of $0.08000, representing a 15% drop from current levels.