LIVEPrice Prediction for Dogecoin Following the Arrival of $3 Billion - Is $10 $DOGE on the Horizon?
#DOGE has gained 5% in 24 hours, hitting $0.1651 as the cryptocurrency market increased 5% today.
Even with today's rise, Dogecoin is down 20% in a week and up 2% in 30 days.
But its trading volume has risen beyond $3 billion in recent days as traders seek to purchase the token at a bargain.
DOGE may see more increases following the weekend's fall as the market prepares to rise.
DOGE's chart reveals that the currency reached a bottom over the weekend and should rebound for at least a few days.
After plunging far below its 200-day average (blue) yesterday night, the coin's 30-day average (orange) is climbing encouragingly, with lots of opportunity to increase.
DOGE's relative strength index (purple) has rebounded to 60 after reaching 20 (twice) over the weekend, indicating that purchasing pressure has returned to the token and might enhance its price.
The trade volume of Dogecoin has risen considerably in recent days, although it's still far behind its early March $8 billion peak.
Whales anticipate DOGE's price to rise, since at least one just moved their stockpile to an exchange.
Some experts are unsure whether the Bitcoin halving (April 20) will be bullish or a sell-the-news event, therefore DOGE may surge sharply.
DOGE will be one of several coins to gain from a higher hunger for cryptocurrencies if it leads to a positive environment.
Dogecoin lacks the basics to sustain itself, although Elon Musk's namedrops might boost it briefly.
In the long run, it awaits X introducing digital payments, which might boost it if they contain DOGE.
DOGE might reach $1 this year if this occurs.
If not, it may reach $0.5 by 2024.