META: With Doge Day scheduled for April, traders are wondering if $DOGE can hit $0.3 while Dogecoin20 pushes past $10 million. Dogecoin ($DOGE) continues to gain momentum this week after breaking beyond the $0.2 level. Moreover, many traders believe it will reach $0.3 before Doge Day in April.
The Bitcoin block halving and the legendary Doge Day are being hosted in the same month. In turn, many traders expect a massive meme coin frenzy this April.
As a result, investors are now piling into newly emerging meme coins that have yet to explode. Therefore, allowing them to position themselves as early adopters for maximum gains.
In particular, Dogecoin20 ($DOGE20) continues to make headlines after passing the $10 million milestone in its presale.
Dogecoin Momentum Starts To Build Ahead of Doge Day –
With Doge Day approaching, the momentum is building behind Dogecoin as traders expect a bullish month ahead.
Doge Day is a meme coin event on April 20th (yes, 4/20) to celebrate the not-so-serious side of Dogecoin.
All meme coin fans look forward to the event, which often causes a craze within the market—with a handful of top meme coins outperforming the entire market.
However, this year is slightly different. Considering the Bitcoin block halving will happen a week before the event, a double bullish pressure has been created behind incoming market pumps.
With Dogecoin closing its monthly candle beyond $0.2, analysts expect a huge upward swing beyond the $0.3 level.
This sentiment was shared by Rekt Capital, an analyst with over 400,000 followers on X.com. Rekt Capital believes that the monthly close above $0.2 will allow $DOGE to use the level as support as it makes its way toward $0.3.
Can Dogecoin Hit $0.3 Before April 20th?
With Dogecoin breaking beyond $0.2, traders are now seeking the resistance level on the way toward $0.3. Additionally, if $DOGE can reach the level before Doge Day.
Looking ahead, if $DOGE can hold the $0.2 support and break beyond $0.22, the first resistance lies at $0.24, provided by a 1.272 Fib Extension level.
Before meeting $0.3, $DOGE will need to break through additional resistance at $0.256 (1.414 Fib Extension), $0.281 (1.618 Fib Extension), and $0.296 (November 2021 highs).
On the other side, if the bears break beneath $0.2, support lies at $0.182, $0.172, $0.158 (November 2022 highs), $0.14, and $0.15.
Final Chance to Position in $DOGE20 Ahead of Doge Day Launch – $10 Million Raised
While traders gear up for a meme coin frenzy ahead of Doge Day, one project continues to gain popularity. Its official launch is scheduled for April 20th, presenting the final opportunity to get listed at early adopter prices.
Dogecoin20 ($DOGE20) continues to turn heads after raising an enormous $10 million in its presale. Indeed, it demonstrated the building momentum behind the project.
Dogecoin20 is described as the ultimate Dogecoin upgrade. It will push Elon Musk’s favorite meme coin into a sustainable future with an environmentally friendly Proof-of-Stake mining algorithm.
The new algorithm also allows Dogecoin20 holders to enjoy a passive income on their holdings by staking $DOGE20 on the platform. Those currently staking their tokens earn an impressive 69% APY on their holdings.
Everybody staking their tokens is rewarded based on their percentage of the staking pool. The team allocated 15% of the entire $DOGE20 supply to provide rewards over the next two years.
The staking rewards are designed to help relieve some of the selling pressure on the market once the token goes live.
In addition to its passive income features, Dogecoin20 removes the infinite inflation problem experienced through Dogecoin mining. Instead of an unlimited supply, $DOGE20 comes with a fixed 140 billion supply, ensuring long-term sustainability with zero inflation over time.
The supply is broken down into the following to provide long-term sustainability for $DOGE20;
- 25% for the presale
- 25% for marketing
- 25% for the project treasury
- 15% for staking rewards
- 10% for DEX liquidity.
Those looking to become early adopters of $DOGE20 can purchase the token through the project’s website. Moreover, they can do so using $ETH, $USDT, or a debit/credit card.
With the launch of $DOGE20 expected to proceed on Doge Day, time is quickly running short to position for this potential Dogecoin upgrade.