Dogecoin (DOGE) continues to make headlines as its price continues to climb. After Elon Musk updated the Twitter (NYSE: TWTR) logo to the DOGE image, its price jumped up by about 30 percent on April 3rd. By April 4th, its price leveled off to just under 10 cents per token, its highest price since early February. This caught the attention of investors and traders, who are now closely monitoring the future of DOGE.

Finbold has consulted the machine learning algorithms over at PricePredictions for more insights on DOGE price. According to the data collected on April 4th, the AI-powered forecasts predict that by April 30th, 2023, DOGE will be trading at $0.103899, a 6.12 percent increase from its current price of $0.0979. This is based on various technical analysis indicators such as moving averages, moving average convergence divergence, Bollinger Bands, relative strength index and average true range.

For the short-term, data suggests that the meme coin is in a bullish trend. PricePredictions’ algorithms predict that the price will increase by $0.0025 in the next 7 days, reaching an estimated price of $0.10176 on April 11th.

Additionally, the 24-hour market cap of DOGE has leapt by over $3 billion and over $4 billion in the past week, indicating that the crypto is steadily growing in both value and popularity. The one-day sentiment gauge on TradingView suggests that DOGE is currently in a ‘strong buy’, as oscillators and moving averages all show positive signs.

Before Musk’s symbolic move, Finbold had noted DOGE’s potential for growth due to its upcoming upgrades, such as support for QR codes, other languages, message signing, and Windows builds. The success of the meme coin so far validates why it is an asset to watch and indicates that its future may yield a positive return.



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