Crypto News – Yesterday, cryptocurrency expert Johnny stated in an X post that he thought Dogecoin (DOGE) was about to see a spike in price.
Crypto Analyst Johnny Believes DOGE Price Will Increase Soon
The meme coin was retesting the $0.07967 support, according to the report, but the analyst thinks the token might reach $0.0944 very soon if bulls can intervene.
One of the numerous things that could drive up the price of the token is its retesting of its immediate support. Astrobotic’s declaration that they plan to launch a physical DOGE token to the moon in December is another event that might give DOGE a little more bullish momentum.
Santiment Data Shows DOGE on the Rise
In an X post on Friday, the market analytics platform Santiment also revealed that the volume of DOGE on-chain transactions hit its highest point in three months. As traders placed bets on the meme’s price growing, there was also a noticeable rise in the number of DOGE long positions opening.
A price pump from DOGE might also be encouraged by the company’s recent surge in social volume. Santiment disclosed that DOGE experienced a 4% boost in its social volume in a different X post that was shared on Friday.