Dogecoin Price Prediction as DOGE Trading Volume Surpasses Solana – $100 DOGE Possible?

cryptonews.com:

DOGE has surged by 10% in the past 24 hours, with the Dogecoin price rising to $0.18 today as the crypto market posts a 2% gain.

The famous meme coin has now ballooned by 95% in the past week and by 129% in a month, with its topping $9 billion this week and surpassing Solana’s.

After months of neglect, it therefore seems that is finally regaining some serious momentum, helped along by the market’s increasing bullishness.

And with DOGE still a long way off its current all-time high, it certainly has much more space for further gains in the near future.

DOGE’s chart looks exceedingly bullish at the moment, which isn’t very surprising, given that it has hit its highest level since December 2021.

Its relative strength index (purple) has surged beyond 80, putting the coin well into a decidedly overbought position.

At the same time, DOGE’s 30-day average (yellow) has been climbing very aggressively over the past week, greatly outpacing its 200-day (blue).

This is a strong sign that the coin has begun a breakout, one which could last a little while yet before it needs to correct.

Most bullish of all is DOGE’s trading volume, which has rocketed from about $300 million a month ago to more than $8 billion today.

This represents an increase of over 2,500%, with data showing that whales have been buying up DOGE in recent days and taking their holdings off exchanges.