Can Dogecoin Reach $18? Analyst Identifies Signal That Led To 23000% Surge | Bitcoinist.com
Dogecoin is still ripping through the charts after multiple developments, including the announcement of the DOGE moon mission....
- Dogecoin has been experiencing significant developments, including the announcement of a physical DOGE coin being sent to the moon.
- Crypto analyst Tony The Bull has identified a bullish indicator, the 1-Month Parabolic SAR, which triggered a 23000% surge in Dogecoin's price in the past.
- The last time this indicator appeared was in 2021, coinciding with the popularity of Elon Musk's posts, leading to a substantial price increase.
- If history repeats itself, the surge could potentially push the price of Dogecoin above $18.
- However, it may take some time for this indicator to fully play out, as it took nearly a year for Dogecoin to complete its previous 23000% move.
- Dogecoin's metrics, such as trading volume, suggest a sustained rally, with a significant increase in daily trading volume and anticipation for the upcoming Dogecoin mission to the moon in December.
- Despite a slight slowdown, Dogecoin has maintained a good portion of its 24-hour gains, making it one of the top gainers in the market.
The article presents a positive sentiment towards Dogecoin, highlighting its potential for a significant price surge and sustained rally. The mention of developments, bullish indicators, and increased trading volume contribute to the positive sentiment.