Dogecoin(DOGE) Price Prediction Weekly (April 2022): DOGE Price Primed For a 12% Upswing

Key Takeaways:

• The DOGE price closed the previous day’s trade at INR 10.53 with a market capitalization of INR 1877 Cr and a circulating supply of 137.67 billion DOGE
• The DOGE price after a small retest appears to have ignited an uptrend aiming at a 25% upswing before the end of the week
• Yet the volume appears to be a matter of concern as the investors may have extracted their profits during the correction

Dogecoin Price Analysis: Will DOGE Price May Hit INR 15 This Week of April?

DOGE price after a steep rejection during the first week of April maintained a stagnant trend for a pretty long time. However, the prices started dropping hard during the mid of the 3rd week which dragged them below INR 10. While it was believed that Dogecoin may enter a serious bearish trend, Elon Musk came to the rescue. 

The prices surged drastically with the rounds of Elon Musk purchasing Twitter with speculation of DOGE could get more gravity. And hence DOGE price witnessed a single day spike of more than 35% to range above INR 12. Currently, it is facing a minor correction, and after a retest, a significant uptrend may raise the price close to INR 12.5 by the weekend. 

Additional Read: Top Crypto News Today

Dogecoin Price Prediction: DOGE Price Trend Comparison with SHIB (Last 30 Days)

Source: Traingview

DOGE price & SHIB price maintained a similar trend from the beginning of March until its mid. Further, both assets became significantly volatile which compelled the price to decouple from each other drastically. Since then SHIB price has maintained a huge gap and the rally depleted largely below the average levels.

Currently, the Dogecoin price after being rejected at 27.50% has dropped notably to 12.41%. On the other hand, the Shiba INU price rally ever since dropped after attaining 10% maintained a descending trend and currently hovering around 3.48%.

Additional Read: What is Dogecoin?

Correlation of DOGE/USDT and DOGE/BTC (Last 30 Days)

Source: Tradingview

Dogecoin price with both the trading pairs has maintained a significant trend since the beginning. However, the USDT pair showcased some strength and rallied slightly higher than the BTC pair. However, the BTC pair followed closely the USDT pair but eventually failed to surpass it. 

The DOGE/USDT pair due to the external impact rose high to hit levels above 28% and currently hovering around 12.51% above the levels. On the contrary, the DOGE/BTC pair surged beyond 20% and now settled at around 13.80%

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*Prices are of 27 April 2022 at the time of writing the article

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*Prices are of 27 April 2022 at the time of writing the article 

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