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- The Bitcoin-based memecoin (DOG) hit a fresh ATH mark of $0.009632 in the last hours.
- DOG price rose over 20% intraday and revealed sharp bullish momentum.
Emerged as a promising cryptocurrency on April 24, 2024, DOG•GO•TO•THE•MOON gained investor interest and rallied over 350% in the last 20 trading sessions.
Notably, the DOG memecoin entered the top 100 Index and secured the 92nd position, per the market cap listing. Its market cap rose over 22.82% to $942 Million.
Nonetheless, DOG is the first rune to hit the top 100 on the CoinMarketCap. Fueled by the impressive development activity and airdrop initiatives, DOG•GO•TO•THE•MOON emerged sharply within a few weeks and witnessed investor speculation.
At press time, the DOG price traded at $0.009443 with an intraday surge of 21.10%, reflecting sharp buying momentum on the charts. The trading volume soared over 156% to $89.20 Million in the last 24 hours.
Can DOG•GO•TO•THE•MOON Continue the Sensation Ahead?
The DOG crypto witnessed a follow-on rise and continued to strike gains. Additionally, the buyers have gained traction, and the memecoin is decisively making new highs every day.
The daily charts of DOG•GO•TO•THE•MOON witnessed a rounding bottom formation, and the memecoin registered a sharp breakout last week.
Per the Fib extension tool, the DOG price will continue to trade in the upward trajectory and may reach the $0.01 mark shortly.
Source: TradingView
Nonetheless, the DOG crypto sailed far away from the sellers’ vision and held the gains in the blue sky zone. The memecoin zoomed over 20% intraday and secured the upside trajectory.
The Relative Strength Index (RSI) curve stays in the overbought zone, implying a positive crossover on the charts.
Notably, the price volatility data revealed a sharp investor speculative move and rose to the 0.061 mark.
Following the impressive surge, the DOG crypto witnessed a significant spike in social dominance activity. Fueled by investor interest, DOG managed to uplift gains and stay on the top.
What Crypto Analysts Say On DOG•GO•TO•THE•MOON?
A recent tweet by @Ordlord implies that the Rune market is witnessing a surge in activity, and DOG leads the rally from the front.
The Rune market is experiencing a surge in activity, with $dog leading the rally and showing strong momentum.
— OrdLord (@ordlordbtc) June 4, 2024
I anticipate @rune_coin will follow suit shortly. At a market cap of ~$230m, it's criminally undervalued.
It’s just one solid announcement away from really taking off!… pic.twitter.com/ogEMAOPHYw
Source: X
In one of his tweets, @Dan Gambardello posted a video highlighting that this memecoin will be massive and guiding its positive opinion of DOG crypto.
In his video analysis, he added a DOG vs. DOGE outlook and explained how DOG may replace DOGE:
$DOG Enters TOP 100 Crypto! (This MEMECOIN Will Be MASSIVE)
— Dan Gambardello (@cryptorecruitr) June 4, 2024
Intro 00:00
My portfolio 00:25
DOG could flip DOGE 1:30
DOG selling points 2:10
Approaching $1b and broke top 100 3:15
DOGE vs. DOG 3:35
The DOG brand is brilliant 5:55
DOG will be top performer 6:15
This makes so much… pic.twitter.com/0fBL51NtW4
Source: X
Per the technicals, the DOG crypto price was in strong bullish momentum and eyeing to overtake the $0.01 shortly.
Furthermore, the short squeeze might trigger a further rise, and the memecoin will unlock an additional rise of over 5-10% in the upcoming sessions.
A decisive break and close above the $0.01 mark is likely to resume the upcoming bull run. Conversely, if by any chance, sellers succeed in breaking the $0.009300, profit booking might hit ahead.
Is DOG•GO•TO•THE•MOON Crypto Still a Safe Buy?
Undoubtedly, the DOG•GO•TO•THE•MOON outperformed the market within a few weeks and uplifted over 150% since the start. However, this memecoin looks overbought and replicates a possible retracement ahead.
The immediate support levels for the DOG•GO•TO•THE•MOON crypto are $0.009500 and $0.009270, whereas the key upside hurdle is around $0.009800, followed by $0.0100.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
