Doge Price Prediction:

Dogecoin’s price rose by 5% in the last day to $0.077698, and its daily trading volume grew to more than $800 million. Despite this increase, the current price shows a loss of 21% over the last 30 days and 8% over the last week.

However, since Elon Musk’s acquisition of Twitter was formally announced at the end of October, DOGE has climbed by 30%. The Dogecoin community is still optimistic that this will actually happen sooner or later, considerably raising the altcoin’s value. This takeover fueled expectations that Twitter will include DOGE payments or tipping in some form.

As DOGE’s momentum increases, technical indicators suggest that the present surge may continue at least until the weekend.

Its relative strength index (purple), which temporarily reached around 30 a few days ago and was in unmistakably oversold territory, has since begun to rebound. Its present value of 40 implies that it still has room to increase, which supports the idea that DOGE’s current uptrend might continue.

The 30-day moving average (red) for the altcoin has also recovered from the loss it had earlier this month. Indicating potential price gains, it currently seems as though it might begin to rise above DOGE’s 200-day average (blue).

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