My speculation is that if they announce the demo as awarded the bounty, that signals adoption of the bridge and we will test $0.01/Doge (+98% from here).
Thoughts?
I sold some DOGE a few days ago at 84 sat when such a nice spike occured Unfortunately, Dogecoin founder posted a tweet that calmed down all the FOMO around DOGE/ETH bridge so I don't expect our "Shiba coin" to go up significantly.
Technically for now, it does not seem like the market is ready to move further as it is weak in momentum and both the MACD and RSI is showing a bearish divergence. Let's see how this will swing in coming hours or if doge will actually make the attempt to go past his previous high some few months back.