Dogecoin is still ripping through the charts after multiple developments, including the announcement from the team that a physical DOGE coin 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.

Dogecoin Signal For 23000% Surge

Crypto analyst Tony The Bull has identified an indicator that triggered a 23000% surge in the Dogecoin price the last time it appeared. This signal is produced by the 1-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 23000%.

In 2021, the Dogecoin price had gone from $0.0025 to $0.7 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 23000%.

This dog is ready to bite #Dogecoin tags 1M Parabolic SAR

Last signal produced a $DOGE 23,000% rally pic.twitter.com/ZGr9eFCaea

— Tony “The Bull” (@tonythebullBTC) November 16, 2023

However, just like the last time that this indicator appeared, it could take a while until it plays out fully. As the analyst explains in another post, it took the meme coin just shy of one year t

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Author: Best Owie

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