dogecoin (DOGE) has been making critical progress for a while, gaining an average of 10% in a week. However, the positive moves have yet to impact the cryptocurrency community, which continues its bearish forecasts on the meme coin.
The predictions of the CoinMarketCap community are out. As we have reported as Koinfinans.com, the community has achieved more than 79% success in the last six months. He estimates the average price of Dogecoin at $0.08744 by the end of April. So, if this prediction comes true, the meme coin’s price will depreciate by 1.77% compared to today’s price on April 30, 2023.
Dogecoin’s technical analysis (TA) on daily indicators on TradingView is largely bullish, showing a ‘strong buy’ at 16. Specifically, this reading is a result of the oscillators being in the ‘buy’ zone at 2 and the moving averages (MA) being in the ‘strong buy’ zone at 14.
Dogecoin Price Analysis
Dogecoin is currently trading at $0.089. According to the latest data, a 2.14% increase in the previous 24 hours and a 16.46% improvement in the last month were influential in this price, in addition to a 8.23% gain over the week.
With its recent price activity, Dogecoin has managed to fully recoup the losses caused by Tesla and Twitter CEO Elon Musk’s removal of the DOGE logo on Twitter.
You can follow the current price action here.