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Dogecoin Price Prediction – Can DOGE Hit $3 By 2023?

The Dogecoin bulls regained control on Tuesday, sending DOGE/USD back above the cents level. The world’s most popular meme-inspired cryptocurrency was last trading higher by a little over 5.5% on the day, according to TradingView, unwinding all of Monday’s 3.5% loss.

Tuesday’s turnaround comes as Dogecoin is lifted by broad cryptocurrency market upside, which comes despite further losses in stock markets on the day. Dogecoin is now trading more than 35% higher versus its levels one week ahead not far above $0.07.

Indeed, Dogecoin price predictions have become more bullish in light of the cryptocurrency finding support at its 100- and 200-Day Moving Averages (currently both around $0.073) for a second time in November. A surge in Dogecoin in early November amid hype that Elon Musk might integrate the cryptocurrency into a future Twitter payments system has seen DOGE/USD break decisively and lastingly above its 200DMA for the first time since September 2021.

(by Joel Frank)

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