Dogecoin (DOGE) price is poised to make a significant move as the DOGE community eagerly anticipates the Astrobotic Moon Mission. The mission, set to send a physical Dogecoin to the moon using the DHL Moonbox and ULA’s Vulcan Centaur Rocket, has generated bullish sentiment among DOGE supporters. If the price can successfully flip the $0.10 resistance level to a support floor, it could act as a springboard for DOGE to reach the $0.10730 range high.
The excitement surrounding the Astrobotic Moon Mission has been building for weeks, with the announcement of the event causing a nearly 20% rally in Dogecoin price back in November. Scheduled for December 23, the mission was funded by the DOGE community in 2015, symbolizing their collective effort.
Industry experts believe that sending Dogecoin to the moon serves as a brilliant marketing move, connecting the meme-inspired cryptocurrency with the tangible achievements of space technology and creating a unique narrative. Additionally, Bitcoin may also be joining the trio to space, as a physical Bitcoin token and a copy of the Genesis Block are planned to accompany the mission.
In terms of price outlook, Dogecoin appears to be consolidating, with indicators such as the RSI, AO, and MACD suggesting a bullish trend. If buying pressure increases, DOGE could see a 5% rise, with the $0.1000 psychological level becoming a support floor. In a highly bullish scenario, the price could even reach the $0.106600 or $0.10730 levels, last tested in December.
On the other hand, if selling pressure intensifies, the price could drop below the immediate support at $0.08990. A daily candlestick close below this level would invalidate the bullish thesis, potentially leading to a test of the $0.08000 psychological level, which is approximately 15% below current levels.
Overall, the Dogecoin community’s anticipation of the Astrobotic Moon Mission has injected excitement and bullish sentiment into the market, supporting the possibility of a price increase for DOGE in the near future.