 Dogecoin is still ripping through the charts after multiple developments, including the announcement from the team that a physical Dogecoin is being sent to the moon. These developments are, however, not the only things driving the price given that indicators are still pointing toward a bullish breakout for the price. Cryptoanalyst Tony The Bull has identified an indicator that triggered a 23,000% surge in the Dogecoin price the last time it appeared. This signal is produced by the one-month, 1M, parabolic SAR, and could send the Doge price above $10. To put this in perspective, the last time that this indicator lined up was back in 2021. This was when Elon Musk's posts were at the height of their popularity. So coupled with the bullish indicator, it continuously pushed the price until it rose more than 23,000%. In 2021, the Dogecoin price had gone from $0.0025 to $0.70 as a result. If this trend were to repeat itself in the same manner, the peak of the surge could put the price above $18, depending on if it runs out the complete 23,000%. The crypto markets are undergoing a roller coaster ride with prices hovering around the pivotal zones. The bulls and bears exhibit equivalent power, which has kept the prices above the support but below the crucial resistance. Meanwhile, the popular Memecoin Dogecoin has displayed some exceptional moves in the past few days, while the stretch of the bullish tendency continues to remain under the gauge. The trading volume has been surging since the start of the month, with the bulls holding a large majority. This has caused the Doge price to soar close to 20%, after it flipped from the lows below $0.07. The price soared high, and confirmed a breakout from the descending trend within a descending triangle, but the possibility of a retest also looms. The price is undergoing a retest back to the 0.5 FIB levels after the bulls weakened at the 0.618 FIB levels around $0.0864. The bearish momentum may even compel the price to slice through these levels, causing a drop close to 8 cents. However, a decent flip can be expected as the token drops slightly below 8 cents, at around $0.0785 to $0.079. The markets turn positive as the prices drop beyond crucial support, which could cause a healthy influx of buying volume. In such a case, the Doge price may trigger a rebound, which may initially help the token reclaim levels above $0.085, which may lead to a price above 9 cents. The crucial resistance zone lies between $0.094 and $0095, which collides with 0.786 FIB levels. Hence, the Dogecoin, Doge price, is believed to maintain a healthy consolidation above the gains and eventually rise above the levels shortly. The first notable formation in the 4-hour chart analysis of Dogecoin is the ascending channel pattern. After the drop on November 13, this structure formed when Doge fell below the support line and acted as a bear trap, aiming to push investors in the futures market out of the game. Despite experiencing a significant rise after this formation, Doge experienced a decline after touching the resistance line. However, it gained momentum within the past day after consolidating strength at the support level. The important support levels to watch for Doge are as follows, $0.082, $0.07933 and $0.07629. If a 4-hour candle closes below the crucial level of $0.07933, it will lead to a significant loss of momentum for Doge. The important resistance levels to watch for Doge are as follows, $0.08391, $0.08752 and $0.09028. If a 4-hour candle closes above the critical level of $0.08752, it will help Doge break through the resistance and gain upward momentum. Due to the high volatility of short-term movements in the 2-hour chart analysis of Dogecoin, we cannot discuss a healthy formation structure. However, the upcoming resistance breakout is of great importance for Doge, as it weakened the upward momentum after encountering a significant obstacle during the recent rally and forming a double bottom at the support level. The support levels to watch for Doge are as follows, $0.079, $0.076 and $0.072. If a candle closes below the important support level of $0.079, it will result in a loss of momentum for Doge. The resistance levels to watch for Doge are as follows, $0.084 and $0.087. If a candle closes above the significant obstacle at $0.087, it will enable Doge to gain momentum. A widely followed cryptocurrency trader and analyst is expressing bullish sentiment on a top 50 altcoin that's currently under the radar. The trader, pseudonymously known as Bluntz, tells his 228,900 followers on the ex-social media platform that the native asset of the liquid staking solution Lido Dow, LDO, is going to turbo send and revisit the record high of $7.30, an increase of approximately 230% from the current level. According to Bluntz, LDO has managed to flip multiple resistance levels to support zones, an indication of bullish momentum. LDO is trading at $2.16. Turning to the smart contract protocol Solana, SOL, Bluntz says that the altcoin may be gearing up to print a new 2023 high after witnessing a deep corrective move yesterday. Liquidations in 48 HRS have been larger than any of the dips the entire run-up. He seems to predict that Solana may rally all the way up to about $1.76. At the time of writing, SOL is worth $57.33. On the largest meme coin by market cap, the pseudonymous analyst says that Dogecoin, Doge, has broken out of a multi-week consolidation range and looks poised for a big run-up. I have seen these range breaks lead to big moves on all sorts of coins all week. The spike in Dogecoin's trading volume, particularly notable during the early Asian trading sessions where it reached $2 billion, underscores growing investor interest. This surge positions Doge as the standout crypto among the top 10 digital currencies by market capitalization. Although the Dogecoin price has seen a slowdown over the last day, its metrics point to a sustained rally. One example of this is the incredible jump in its trading volume over the last day. As interest has risen in the meme coin, the daily trading volume is up over 100% and is currently sitting at $1.9 billion. This suggests increased buying and selling, but as demand pushes through, the price is expected to continue its rally. In addition to this, anticipation leading up to the Dogecoin mission to the moon in December will mount and the launch could trigger new entrants into the asset. On-chain data reveals that a group of bullish whales buying large amounts of Doge have been pivotal to the rally. As depicted in the sentiment chart below, the whales, while it's holding $10 million to $1 billion Doge, had a cumulative balance of $44.63 billion coins as on November 1st. But remarkably, they have acquired an additional $2.75 billion Doge between November 2nd, Doge Day, to bring their balances to $47.38 on November 17th. The rising number of transactions from new users appears to be another critical factor driving up the Dogecoin price. According to Into the Block, Dogecoin has experienced a significant increase in new user transactions this month. Pointedly, Dogecoin's new adoption rate recently reached a four-month peak of 58.16 on November 12th. Notably, the latest reading of 34.44% is still well above the 30-day average of 23.41%. This signals that Doge is still currently attracting a high number of new joiners despite high prices. Presently, Dogecoin is still maintaining a good portion of its 24-hour gains, making it one of the top gainers in the market. Its price crossed $0.086 after rising over 8% in one day. But the Doge price has since dropped down to $0.084, accounting for 3% gains on the daily chart. Technical factors are driving the ongoing Doge surge, with price breaking out of a descending wedge pattern on the weekly timeframe. This pattern has been in place since January, and its break to the upside suggests a potential reversal in Doge's longer-term bearish trend. To summarize, things are finally looking up for Dogecoin holders, setting the stage for an exciting end to 2023. Thanks for watching, please subscribe to make money territory.