Dogecoin to start, although the moon race to DogeBonk is lost: Twitter awaits Elon Musk’s reaction – Dogecoin – US dollars ($ DOGE)

Dogecoin (CRYPTO: DOGE) printed a bullish pattern on Monday despite losing the race for the first cryptocurrency to hit space.

DogeBonk (CRYPTO: DOBO) took this title last week and claims it on Twitter Inc (NYSE: TWTR) after launching its logo at 90,000 feet on a weather balloon. DogeBonk enthusiasts celebrated the mission, which was streamed on Sunday Pull out, by using the hashtag #SorryElon on Twitter to encourage him Tesla Inc (NASDAQ: TSLA) CEO Elon Musk.

On April 1, Musk claimed his company SpaceX, would bring Dogecoin to the moon. The following month, resident in Canada Geometric Energy Corporation said there were plans to launch a lunar satellite aboard a SpaceX Falcon 9 rocket, which would be paid for in Dogecoin.

At press time, Musk hadn’t switched to Twitter to comment on DogeBonk, but in June after Bitmex said it was planned to defeat Dogecoin by ingesting it Bitcoin (CRYPTO: BTC) first to the moon, Musk was quick to respond to write that “a new space race has begun”.

While Dogecoin enthusiasts would likely have preferred to hold the title of “first crypto in space,” many crypto traders and investors would likely prefer a rebound in the price of Dogecoin. If the cryptocurrency can react bullishly to the double bottom pattern it prints, a move north could be an option.

See also: How to Buy Dogecoin

The Dogecoin Chart: On December 17th, Dogecoin fell to the $ 0.161 level and encountered a group of Dip buyers that caused the crypto to re-emerge and break away from levels. On Monday, Dogecoin retested the level and met buyers again, creating the double floor pattern.

In the late afternoon, Dogecoin was working to print a bullish hammer candle that could indicate higher prices will come on Tuesday. If the bullish patterns are detected, Dogecoin could regain support at the eight-day exponential moving average (EMA), which would be the first sign that a new uptrend could slowly begin.

Dogecoin traded at sub-par volume on Monday, suggesting consolidation as there are neither many buyers nor sellers. By late afternoon, Dogecoin trading volume was around 187,331, compared to the 10-day average of 369,639.

• Bulls want to see big bullish volume and break Dogecoin out of the sideways trading pattern and above the 8-day EMA. Dogecoin has resistance near the 19 cent mark and at 21 cents.

• Bears want a large bearish volume to come in and Dogecoin to drop below the double bottom, which would confirm that the cryptocurrency is trading in a downtrend. Dogecoin is supported below at 16 cents and the 13 cents mark.

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Photo: Bill Jelen via Unsplash