Dogecoin Initiating A Squeeze while the Rest of the Market Bleed- Has DOGE Day Impact Flourished?

The post Dogecoin Initiating A Squeeze while the Rest of the Market Bleed- Has DOGE Day Impact Flourished? appeared first on Coinpedia Fintech News

April 20, DOGE Day, declared by the Dogecoin community with the aim of pushing the DOGE price up, appears to have accomplished its task to some extent. The DOGE price is currently gaining acute bullish momentum and has reclaimed the levels above $0.09 that were lost during the previous day’s bearish action. Therefore, a major price action awaits the crypto space, which may even lift the markets above the bearish influence. 

Dogecoin’s price has gained more than 20% ever since Elon Musk teased a starship launch on Dogecoin’s 4/20 day. The DOGR price is all set to hit the skies as SpaceX also plans to launch the first rocket launch to test a fully integrated starship and a super heavy rocket.

Therefore, the price is squeezing while the rest of the market continues to bleed and hence as per a popular analyst KALEO, the DOGE price is primed to reach $9.15

“Dogecoin initiating a 4/20 squeeze while the rest of the market is bleeding would be beautiful to watch. Still have high conviction in something like this playing out (even if it’s not today), especially considering how meme coins like PEPE are currently moving,”

The DOGE price has been trading in an ascending manner since March, and despite acute bearish pressure, the price levels remained elevated. The price received a significant bounce from the 0.23 FIB level and is presently attempting to soar beyond the next level at 0.38 FIB levels. Besides, transactions have depleted while the miners are preparing to flood the market with their reserves. 

Therefore, it appears that the Dogecoin bears have been activated and hence may hammer the price once it hits $0.1 shortly.