Dogecoin: How high will DOGE go this weekend?

Tesla CEO Elon Musk supports meme currency. Dogecoin has seen a recent price increase. The cryptocurrency is rising rapidly, trading at $0.1675, up 96% in the last month.

After noting a gradual 10% decline over the past 24 hours, Doge remains steady, making steady progress in terms of valuation and pricing.

Dogecoin Weekend Price Prediction

According to analytics platform CoinCodex, Doge is expected to rise significantly in the coming weeks.

“According to our technical indicators, current sentiment is bullish, while the Fear & Greed Index shows 83 (Extreme Greed). Dogecoin has recorded 21/30 (70%) green days over the past 30 days, with price volatility of 31.20% ."

Doge is expected to rise and stabilize at $0.166286 on March 16. On March 17, the platform expects its price to climb to $0.166869, a 0.35% increase from the usual price threshold.

However, the platform further predicts that Doge’s price will drop slightly by March 22, 2024.

“Dogecoin price predictions for the next 30 days are predictions based on positive and negative trends over the past 30 days. According to these Dogecoin predictions, DOGE will change hands for $0.164319 on March 22, 2024, losing in the process - 1.18%.”

Dogecoin’s recent price surge was fueled by Musk’s announcement of plans to introduce Dogecoin payments for Tesla purchases. The SpaceX CEO has long been an avid fan of Dogecoin and has reportedly spoken out in support of the cryptocurrency on several occasions.

"DOGE is people's cryptocurrency. I will support it. A lot of rich people support Bitcoin, but I will support Dogecoin. You know what? Doge is for you (normal people) and I will support it," Ma Skok said during his visit to Germany.

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