Tesla CEO Elon Musk backed meme currency. Dogecoin has been noting an upward price ascent lately. The crypto is rising rapidly, trading at $0.1675, up 96% in the last month.
After noting a gradual decline of 10% in the last 24 hours, Doge is holding steady ground, firmly progressing ahead in terms of valuation and pricing.
Also Read: Dogecoin: Here’s When DOGE Could Hit $1
Dogecoin Weekend Price Prediction
Per analytics platform CoinCodex, Doge is expected to rise considerably in the coming few weeks.
“According to our technical indicators, the current sentiment is bullish, while the Fear & Greed Index is showing 83 (extreme greed). Dogecoin recorded 21/30 (70%) green days with 31.20% price volatility over the last 30 days. “
Also Read: Dogecoin: Elon Musk’s Tesla To Enable DOGE Payments
Doge is forecast to rise and stabilize at $0.166286 on March 16th. For March 17th, the platform predicted its price to climb to $0.166869, up 0.35% from its usual price threshold.
However, the platform further predicts that Doge will note a slight decline in its price by March 22, 2024.
“The Dogecoin price forecast for the next 30 days is a projection based on the positive and negative trends in the past 30 days. Based on these Dogecoin projections, DOGE will be changing hands at $0.164319 on March 22, 2024, losing -1.18% in the process.”
Dogecoin’s recent price surge has lately been driven by Musk’s announcement of plans to introduce Doge payments for Tesla purchases. The SpaceX CEO has long been an ardent Dogecoin fan and has reportedly spoken in favor of Doge several times.
“DOGE is people’s crypto. I will support it. A lot of rich people support Bitcoin, but I will support Dogecoin. You know what? Doge is for you (the regular people), and I will support it,” Musk stated during his visit to Germany.
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