Dogecoin Rallies on DOGE-1 Mission’s US Approval Speculation

• Dogecoin (DOGE) maintains positive momentum, rising above the $0.080 resistance.
• Speculation surrounds Dogecoin’s Moon Mission as DOGE-1 receives NTIA approval.

In a resurgence of interest, Dogecoin (DOGE) has once again taken the spotlight within the cryptocurrency community. Showing optimistic trends beyond the $0.080 resistance, DOGE may potentially experience a significant surge of over 10%, aiming for $0.95 and possibly surpassing the $0.085 resistance zone.

The recent upswing in Dogecoin’s value follows a steady period above the $0.0796 threshold, signaling a renewed upward trajectory. Additionally, breaking through the $0.08 resistance zone has positioned Dogecoin among cryptocurrencies experiencing positive momentum, aligning with major players like Bitcoin and Ethereum.

Further, the speculation about the DOGE to the Moon mission is influencing the price of the meme coin after the latest update. However, this update is yet to be confirmed by Dogecoin officials. 

According to the tweet, the Dogecoin-supported DOGE-1 Mission to the Moon got the green light from the National Telecommunications and Information Administration (NTIA), a crucial step before the final Federal Communications Commission (FCC) approval. 

The mission is part of Astrobotic’s Peregrine Mission One, which is launching on Dec. 23, aiming to carry the first physical Dogecoin token to the moon. This marks a collaborative effort with prestigious entities, including NASA.

Dogecoin to the Moon?

Recently, Dogecoin hit a historic milestone with over 5 million addresses, signaling growing community interest. Also, active addresses surged past 168,000, the highest since March 2022, and confirmed transactions spiked by 1,000% in the last 10 days, reaching levels unseen since June. 

The Dogecoin bulls successfully pushed the price above the $0.080 resistance, a clear break through the simple moving average. However, DOGE currently facing a challenge at the $0.0816 resistance, where new support seems to be forming.

At the time of writing, DOGE is trading at $0.08106, marking a 5.2% increase in the last 24 hours and an 8.6% rise over the past week. If DOGE surpasses $0.0812, it could aim for the $0.0835 resistance, potentially reaching $0.087 and encountering a significant barrier at $0.095. Further gains may target the $0.09813 level.

On the flip side, if DOGE fails to overcome $0.0812, a corrective downturn may occur. Initial support is around $0.0794, followed by more crucial support at $0.0773. A breach below the critical $0.0770 support could trigger a decline, targeting $0.0710.