Today’s Dogecoin (DOGE) Price Forecast: March 18, 2023
Latest Dogecoin Price Prediction and DOGE to USD Conversion
Today’s Dogecoin Price The current price of Dogecoin is $0.0757403 USD.
DATE Dogecoin USD Today 1 $0.0757403
Dogecoin Price Prediction: According to indicators, Dogecoin is poised for a significant rally in the near future.
The chart below shows that the relative strength index (RSI) of the coin (indicated in purple) has surged from around 20 (oversold) a few days ago to nearly 50, with indications of increasing momentum in the days to come.
In addition, the 30-day moving average (indicated in red) has dipped below the 200-day moving average (indicated in blue), suggesting that another surge above the longer-term average is likely.
Following Tuesday and Wednesday’s losses, DOGE appears to be on track for a strong upward correction.
DOGE suffered a mid-week dip due in part to the discovery of a zero-day vulnerability in Dogecoin’s code and that of over 280 other networks by cybersecurity firm Halborn.
This vulnerability made it possible for malicious actors to launch attacks on nodes and knock them offline.
DOGE fell in response to the news, despite Dogecoin’s developers having already patched the flaw prior to Halborn’s disclosure on Monday, March 13.
However, DOGE is only now beginning to recover, and for some, it remains an undervalued token.
This is mainly due to the possibility that Twitter may introduce DOGE payments in the future, which is supported by hints from Elon Musk since he first suggested buying the social network.
According to January reports, Twitter has been accelerating its plans to implement digital payments on its platform.