Dogecoin Price Prediction: DOGE Surges 8% As This Dogecoin Upgrade Rockets Towards $8M

The Dogecoin price surged 8.4% in the last 24 hours to trade at $0.1656 as of 8.30 p.m. EST on trading volume that climbed almost 9% to $3.15 billion.

The Dogecoin price soared 45% this week amid more speculation about whether Elon Musk may eventually allow Dogecoin to be used to make payments for more products made by companies he owns, including Tesla.

His X Payments company expanded its operations by securing money transmission licenses in Illinois, New Mexico, and Oregon, indicating the scale of the impact that enabling DOGE payments might have on the biggest meme coin by market capitalization.

JUST IN: X secures licenses in key US states, opening the door for potential Dogecoin payments. pic.twitter.com/P2gve77JFC

— CEO (@Investments_CEO) March 23, 2024

Dogecoin Price Bulls Regain Control, Forming A Bullish Pennant

DOGEUSDT Analysis By Tradingview

The Dogecoin price is experiencing a correction confined within two converging trendlines. This suggests the formation of a pennant pattern. Such a chart pattern typically occurs within a strong uptrend and indicates periodic pullbacks where buyers can gather momentum again.

With a gain of 11.6% within the day, the price of Dogecoin is poised to test the upper trendline of the pennant pattern. If it breaks out above this trendline, it could signal a continuation of the recovery as the bulls continue the uptrend, driving the price to a new high in the upcoming weeks.

The price bulls have also pushed the price above the 50-day and 200-day Simple Moving Averages (SMAs), which currently support the price at $0.01213.

The Relative Strength Index (RSI) indicates an uptrend toward the overbought region of 70, indicating intense buying pressure for the Dogecoin price.

Dogecoin Price Buyers Target $0.26

The Dogecoin price bulls aim to push the price higher, with support from the SMAs and the RSI. An increased momentum should see the price breach above the pennant as the bulls aim to drive the price to a new high of $0.26 in the upcoming weeks.

Conversely, if the upper trendline of the pennant remains resilient, bears could initiate a price correction, forcing the bulls to retreat to the $0.1265 support zone coinciding with the pennant’s lower boundary.

As the DOGE price gears up for another bullish stance, investors are buying the presale Dogecoin20 at an incredible rate. Analysts say it is likely to sell out within days.

Dogecoin20 Presale Raises Over $7.6 Million

Dogecoin20 has raised over $7.6 million in about 10 days as it rockets towards its $8.1 million goal.

Wow! 🎉

No words to describe this amazing achievement! 🚀#Dogecoin20 reaches $6 million raised! 💰

Massive thanks to the #Crypto Community! 🙌#DOGE20 wishes you a great weekend! 🌟🐶 pic.twitter.com/PaAyohkpB7

— Dogecoin20 (@DOGE_COIN20) March 22, 2024

This new meme coin runs on the Ethereum blockchain, aiming to create something unique and forward-thinking, while paying tribute to the original meme coin that exploded into the crypto ecosystem more than a decade ago.

🚀 #DOGE20 isn't just another Shiba Inu-inspired derivative.

Upholding Dogecoin’s ethos to Do Only Good Everyday, it offers passive rewards through on-chain staking. 🌱🌟

Embracing a greener, more sustainable future with the most widely loved #Memecoin in the world! 🐶 pic.twitter.com/zqlONodRPB

— Dogecoin20 (@DOGE_COIN20) March 14, 2024

The team is driven by the motto “do only good every day” and aims to uphold the Doge family’s legacy.

Buy DOGE20 Now, Stake For 137% APY

Dogecoin20 has already received widespread coverage from media outlets that include Business Insider, Benzinga, CoinTelegraph, and Cision News, boosting interest in Dogecoin20 and the overall Dogecoin community.

Unlike Dogecoin itself, DOGE20 offers a staking option where you can buy DOGE20 tokens on the project’s website and stake them for an annual yield of 137%.

Getting ready for the ultimate #DOGE upgrade! 🛠️

We're propelling @elonmusk’s beloved #Memecoin towards a greener horizon. 🌿

Diving into the possibility of staking #DOGE20 and reaping environmentally-friendly rewards. 💸🌍 pic.twitter.com/zMino37jCV

— Dogecoin20 (@DOGE_COIN20) March 22, 2024

Crypto YouTuber Jacob Bury says that Dogecoin20 is one of the best meme coins to invest in right now, noting its strategic alignment with the buzz surrounding DOGE and Shiba Inu (SHIB), and wonders if it might become the next SHIB.

You can buy DOGE20 tokens for $0.000208 each. Act fast if you are interested because the token is likely to sell out imminently.

Visit the website here to buy DOGE20 using your USDT, ETH, or bank card.

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Source: https://thebittimes.com/dogecoin-price-prediction-doge-surges-8-as-this-dogecoin-upgrade-rockets-towards-8m-tbt83400.html