 Dogecoins, Doge, price showed high volatility throughout November, influenced by the latest news in the cryptocurrency market regarding a spot Bitcoin ETF and legal issues impacting Binance. Despite noticeable sharp price movements on the daily timeframe chart, these fluctuations didn't establish a definitive trend, indicating that control wasn't firmly in the hands of bulls or bears. Amidst this consolidation, Dogecoin is following a triangular formation and a newly formed ascending support trend line potentially affecting its short-term trend. Dogecoin now boasts 5 million addresses indicating substantial adoption. Recent data revealed a striking surge in Dogecoin's Doge adoption, with its addresses holding at least one Doge and hitting a $5 million milestone. This surge in adoption mirrors a significant rise in daily user engagement, reaching an impressive 168,000 active addresses. Notably, this marks the highest engagement level observed for Dogecoin since March 2022, indicating a renewed surge in user interest and activity within the Dogecoin network. The surge in addresses holding Doge coincides with the cryptocurrency's increasing popularity and utility. Notably, this marks the highest engagement level observed for Dogecoin since March 2022, indicating a renewed surge in user interest and activity within the Dogecoin network. While some questioned the accuracy of the data, suggesting that 4.8 million addresses holding 1.5% of the circulating supply might be a result of Dogecoin fragments on the network, referred to as doganals. This surge in user activity and address numbers has fueled optimistic speculations within the cryptocurrency community. Despite Dogecoin trading at $0.08, after recently experiencing a slight dip of 3.5% this week, there's growing speculation about the potential for a significant surge in value. Dogecoin ready for blast off as NTIA approves Doge Moon mission. The CEO of Geometric Energy, Samuel Reed, announced that the National Telecommunications and Information Administration, NTIA, has approved the Doge One satellite. However, he noted that his company was yet to get the license grant from the Federal Communications Commission, FCC, which will address the X-band and S-band. This development is, however, good news for the Doge community, which has anticipated the launch of the satellite for some time now. The project dates back to 2021 when Geometric first announced plans to launch Doge One. The Dogecoin community instantly picked an interest in it as it was made known that the project was paid entirely with the memecoin. Interestingly, the Doge One, a space mission funded entirely in Dogecoin, is going to be launched into the lunar orbit by SpaceX, a company owned by Elon Musk. The prominent memecoin Dogecoin has once again captured investors' attention due to its involvement in a space program. Recent developments surrounding the coin include the deployment of the Doge One CubeSat, part of SpaceX's Nova CM1 satellite launch, which has been delayed for about two years. These updates show that the Doge One lunar mission has received regulatory approval to commence on January 12, 2024. In the cryptocurrency market, technical analysis stands as a crucial indicator, particularly for investors. Currently, Doge's price is trading at $0.08, gradually rising under the influence of a new support trend line. Despite increased uncertainty in November, the memecoin's price has found support from this rising trend line multiple times, aiding buyers and maintaining a consistent rally. The most critical support levels to monitor on Doge's daily chart are $0.076, $0.077, and $0.065, respectively. A daily bar closing below the $0.065 level would lead to Doge trading below the EMA 200 red line, which could signify a long-term loss in momentum. The key resistance levels on Doge's daily chart are $0.083, $0.087, and $0.095, respectively. A daily bar closing above the $0.087 level would break the formation resistance and could lead to Doge reaching its highest price in recent times. The first noticeable pattern in the four-hour Dogecoin chart is an inverse triangle formation. While traditionally seen as a negative scenario in traditional markets, a breakout of resistance could invalidate this outlook. Finding support at the EMA 200 level during a support breakdown could be a significant factor in an uptrend. As a result, the price is expected to increase by approximately 5% before encountering resistance at around $0.084 on the upper trend line of the long-standing triangular formation. Historical data suggests that retesting this trend line often increases downward momentum and leads to significant corrections. So investors need to be cautious at this point. Therefore, a confirmed break below the aforementioned support trend line could increase selling pressure, leading to a potential 28% loss from the current price, causing Dogecoin to fall to a lower trend line. Doge's price has been affected by a symmetrical triangle formation for about two years moving in a sideways trend. If the coin's price turns from the upper trend line as mentioned, it can be expected to continue moving sideways over the next month. Hence, for a more definitive recovery confirmation, buyers need to see the price break above the triangular formation. The relative strength index RSI slope on the daily timeframe indicates that the bullish momentum in the altcoin is waning, and there's a high possibility of price decline. Similarly, the relatively flat upper boundary of the Bollinger Bands, BB, indicator at $0.084, could serve as an additional barrier against buyers. Rumors suggest that Dogecoin might rally to $1.50 in an anticipated bullish market run, although the certainty of this prediction remains uncertain. Despite market fluctuations, the recent buzz surrounding Dogecoin's milestones underscores its resilience and popularity. Dogecoin has etched its place with grassroots popularity and the occasional celebrity nod, notably from SpaceX and Tesla CEO Elon Musk. His unwavering endorsement has propelled Doge into the crypto limelight. Now Musk's Everything app, X, the rebranded Twitter bluebird, secures the Rhode Island currency transmitter license for crypto payments and trading in the US. As a Musk-approved meme coin investment, Doge's future looks promising, strengthening its paw-hold among giants. In turn, this could make it possible for Doge to tout its $1 price tag. 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