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Dogecoin price forecast: DOGE, a cryptocurrency originating from a widely recognized meme, has recently seen a significant uptick in its value, aligning with the overall bullish sentiment in the cryptocurrency market.&nbsp;
At present, the<a href="https://coingape.com/price/dogecoin/" rel="noopener noreferrer nofollow"> price of Dogecoin</a> stands at $0.168, representing an impressive gain of more than 12% within just 24 hours. Similarly, other <a href="https://coingape.com/meme-coin/" rel="noopener noreferrer nofollow">meme-based</a> digital currencies such as PEPE, BONK, and FLOKI have also grown, injecting vitality into the meme coin sector.
<h2 id="strong-dogecoin-price-forecast-surging-value-amidst-market-optimism-strong">Dogecoin Price Forecast: Surging Value Amidst Market Optimism</h2>
Over the past month, Dogecoin’s value has skyrocketed by 103%. This breakthrough was achieved after overcoming the resistance level near $0.15, setting the stage for potential further advancements. This upward trajectory was supported by a surge in <a href="https://coingape.com/price/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> price, which recently exceeded $65,000, buoying the altcoin market.
The trading activity for Dogecoin has also experienced a substantial increase, with a 67.32% rise in trading volume, reaching the $5 billion mark. Positioned as the 9th largest cryptocurrency in market capitalization, Dogecoin boasts an approximately $23.46 billion market value.&nbsp;
<figure id="attachment_184041" aria-describedby="caption-attachment-184041" style="width: 100%" class="wp-caption aligncenter"><a href="https://coingape.com/wp-content/uploads/2024/03/Dogecoin-price-forecast-e1709568465250.png" rel="noopener noreferrer nofollow"><img decoding="async" class="size-full wp-image-184041" src="https://coingape.com/wp-content/uploads/2024/03/Dogecoin-price-forecast-e1709568465250.png" alt="Dogecoin Price Forecast: How Renewed Meme Coin Hype Could Charge DOGE To $1 In March" width="1200" height="542"></a>
 <figcaption id="caption-attachment-184041" class="wp-caption-text">
 Dogecoin price forecast
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In the latest trading sessions, Dogecoin’s value has shown notable volatility, oscillating between $0.84 and $0.17. This pattern has ushered in a robust upward trend, culminating in a nearly 92% increase in value over the past week, positioning it as one of the most significant gainers in the market.
<h2 id="strong-whale-movements-and-etf-speculation-fuel-rally-strong">Whale Movements and ETF Speculation Fuel Rally</h2>
The surge in Dogecoin’s popularity comes amid substantial activity from large-scale investors, often referred to as whales, who have transferred over 245 million <a href="https://coingape.com/dogecoin-whales-move-245m-coins-amid-etf-buzz-doge-hit-0-2/" rel="noopener noreferrer nofollow">DOGE</a>. This flurry of activity has sparked discussions about the possibility of a Dogecoin exchange-traded fund (<a href="https://coingape.com/dogecoin-price-jumps-20-andrew-kang-bets-doge-etf-launch/" rel="noopener noreferrer nofollow">ETF</a>), further invigorating the altcoin market.
Reports from Whale Alert, a service that monitors and broadcasts sizable cryptocurrency transactions, highlighted that whales have been particularly active. Among the significant <a rel="noopener noreferrer nofollow" href="https://whale-alert.io/transaction/dogecoin/ddac6fedecf6c979f2ca35b318c5c22bb86edcf15f2fb4a8e28dd8d012c9bf6f">transactions</a> recorded were a transfer of 47.81 million DOGE from Binance to an unknown wallet and another 60 million from Coinbase to a different anonymous wallet.&nbsp;
<h2 id="strong-dogecoin-price-forecast-technical-indicators-support-bullish-outlook-strong">Dogecoin Price Forecast: Technical Indicators Support Bullish Outlook</h2>
If <a href="https://coingape.com/blog/dogecoin-hits-new-high-will-doge-price-reach-1/" rel="noopener noreferrer nofollow">Dogecoin price</a> remains stable above the critical $0.15 resistance mark, it could surge to $0.18 and reach the much-anticipated $1 milestone. This optimistic scenario depends on the cryptocurrency’s capability to smoothly clear key resistance levels while maintaining its current drive.
Conversely, a downturn is likely if Dogecoin does not manage to break through the $0.1 barrier. The initial safety net is nearly $0.095, with an even more significant support level at $0.090. If prices dip below this point, Dogecoin might be on a downward path to $0.085.
<figure id="attachment_184036" aria-describedby="caption-attachment-184036" style="width: 100%" class="wp-caption aligncenter"><a href="https://coingape.com/wp-content/uploads/2024/03/DOGEUSD_2024-03-04_17-58-38.png" rel="noopener noreferrer nofollow"><img decoding="async" class="size-full wp-image-184036" src="https://coingape.com/wp-content/uploads/2024/03/DOGEUSD_2024-03-04_17-58-38.png" alt="Dogecoin Price Forecast: How Renewed Meme Coin Hype Could Charge DOGE To $1 In March" width="1154" height="622" srcset="https://coingape.com/wp-content/uploads/2024/03/DOGEUSD_2024-03-04_17-58-38.png 1154w, https://coingape.com/wp-content/uploads/2024/03/DOGEUSD_2024-03-04_17-58-38-300x162.png 300w, https://coingape.com/wp-content/uploads/2024/03/DOGEUSD_2024-03-04_17-58-38-768x414.png 768w, https://coingape.com/wp-content/uploads/2024/03/DOGEUSD_2024-03-04_17-58-38-150x81.png 150w" sizes="(max-width: 1154px) 100vw, 1154px"></a>
 <figcaption id="caption-attachment-184036" class="wp-caption-text">
 Dogecoin price chart: <a rel="noopener noreferrer nofollow" href="https://www.tradingview.com/chart/PpwAwjR5/?symbol=COINBASE%3ADOGEUSD">Tradingview</a>
 </figcaption>
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The daily technical indicators for Dogecoin have showcased an impressive rally on charts.&nbsp; The Relative Strength Index (RSI) has soared above 90-level, hinting at overbought conditions. The Moving Average Convergence Divergence (MACD) for DOGE/USD shows a bullish pattern, with the signal line surpassing the MACD line, reflecting a surge in buyer interest. The Average Directional Index (ADX) also stands at 40.72, suggesting a potential increase ahead.
The post <a href="https://coingape.com/markets/dogecoin-price-forecast-how-renewed-meme-coin-hype-could-charge-doge-to-1-in-march/" rel="noopener noreferrer nofollow">Dogecoin Price Forecast: How Renewed Meme Coin Hype Could Charge DOGE To $1 In March</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Dogecoin Price Forecast: How Renewed Meme Coin Hype Could Charge DOGE To $1 In March

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