Dogecoin Price Prediction as DOGE Remains Largest Meme Coin in the World – $1 DOGE Possible in April?

cryptonews.com:

DOGE has jumped by 6% in the past 24 hours, with the Dogecoin price reaching $0.2059 today as the imminent Bitcoin halving provokes market-wide optimism.

This move means that DOGE has gained by a modest 1% in a week but by a more impressive 24% in the last 30 days, with the alt remaining the largest meme token in the market by cap.

What’s potentially bullish is that DOGE is still 71% down in relation to its all-time high of $0.7316, implying that the market continues to undervalue the token.

As such, it could have some big, market-beating gains in store in the near future, with the aforementioned halving helping it to rally further in the next week or so.

Dogecoin’s chart is in a bullish position, although based on recent movements, it may dip a little today before seeing another gain.

Its relative strength index is dipping again after touching 70 earlier this morning, although this could be only a short-lived dip, perhaps to 60 or 55.

At the same time, DOGE’s 30-day average (yellow) continues to climb well beyond the 200-day (blue), a sign that it’s in the middle of a growth spurt that could continue for a little while yet.

DOGE’s 24-hour trading volume has also risen in the past couple of days, moving from $1.7 billion late on Saturday to around $2.68 billion today.

This signals a significant surge in interest in the token, with the past few days seeing some whales take DOGE off exchanges.