Key takeaways:
DOGE price may reach $0.1442 by the end of 2024.
By 2027, DOGE may potentially achieve a peak price of $0.4535.
By 2030, DOGE might touch $1.45 with an average trading price of $1.21.
Propelled by a dedicated community of part-time developers and enthusiastic internet supporters, Dogecoin is poised for significant growth in the coming years. Despite relying on borrowed code due to limited resources, its popularity continues to soar, with tens of thousands of social media followers advocating for supply limitations. Having touched its ATH at $0.7376, will DOGE reach $1?
Let’s get into the Dogecoin price prediction and technical analysis.
Overview
CryptocurrencyDogecoinTokenDOGEPrice$0.1136Market Cap$16,612,037,250Trading Volume$604,888,822Circulating Supply146,265,006,384 DOGEAll-time High$0.7376 May 07, 2021All-time Low$0.00008547 May 07, 201524-hour High$0.115224-hour Low$0.1088
Dogecoin price prediction: Technical analysis
Price Prediction$0.164Volatility8.32%50-Day SMA$ 0.1054914-Day RSI54.88SentimentNeutralFear & Greed Index250 (Neutral)Green Days17/30 (57%)200-Day SMA 0.123888
Dogecoin price analysis: DOGE rallies past $0.1136 amidst upside
TL;DR Breakdown:
Dogecoin price analysis confirms an upward trend at $0.1136.
Dogecoin has gained up to 4.36% of value during the day.
Cryptocurrency prices are seeking resistance around $0.1250.
On October 7, 2024, Dogecoin price analysis confirmed an upward trend for the cryptocurrency. Coin value has increased up to $0.1136 high in the past 24-hours. Overall, the cryptocurrency has achieved a massive recovery, up to 4.36%. This induces confidence within the investors regarding future price increases.
Dogecoin 1-day price chart analysis
The 1-day price analysis for Dogecoin revealed an increasing trend for the currency. Dogecoin value has ascended up to $0.1136 during the day, as the bullish momentum is intensifying. Side by side, the market sentiment remains positive considering the constant recovery during the past week.
The gap between the Bollinger bands defines market volatility. As this gap is currently receding, this indicates a decreasing volatility. Moreover, the upper limit of the Bollinger bands indicator, acting as the resistance band, has shifted to $0.1250. Whereas, the lower limit of the Bollinger bands indicator, serving as support, has moved to $0.0974.
DOGE/USD price ascends to $0.1136 amid a bullish market
The Relative Strength Index (RSI) indicator is hovering within the neutral region. Currently at 54.94 and still moving upwards, this signifies a bullish market. The continuous ascending curve refers to a positive market sentiment. As the RSI value steers high, the market has entered a period of stability for now.
DOGE/USD 4-hour price analysis
The four-hour price chart of Dogecoin revealed a downward trend for the cryptocurrency. Coin value has declined to $0.1137 in the past four hours. The bears have bounced back once again, causing much decline in the coin value. Despite the earlier increases, currently the market trends are negative.
The distance between the Bollinger bands remains unchanged, leading to constant volatility. This constant volatility refers to lower market unpredictability. Moving on, the upper limit of the Bollinger bands indicator, acting as the support band, has shifted to $0.1134. Whereas, the lower limit of the Bollinger bands indicator, serving as support, has moved to $0.1058.
Dogecoin descends to $0.1137 as the bears hold a strong position
The RSI indicator lies close to the overbought region. Its overall value has descended to 60.53 in the past four hours. The downward curve on the RSI graph confirms a negative market trend. The selling activities remained dominant over the buying activities over the past four hours. If the selling pressure continues to increase, a further downturn in RSI value can be expected soon.
Dogecoin technical indicators: Levels and action
Daily simple moving average (SMA)
PeriodValueActionSMA 3$ 0.115192BUYSMA 5$ 0.118867SELLSMA 10$ 0.114896BUYSMA 21$ 0.110564BUYSMA 50$ 0.10549BUYSMA 100$ 0.111844BUYSMA 200$ 0.123888SELL
Daily exponential moving average (EMA)
PeriodValueActionEMA 3$ 0.108955BUYEMA 5$ 0.10655BUYEMA 10$ 0.104866BUYEMA 21$ 0.106272BUYEMA 50$ 0.113254BUYEMA 100$ 0.121981SELLEMA 200$ 0.123285SELL
What can you expect from the DOGE price analysis next?
Dogecoin price analysis for the day gives out a highly bullish prediction regarding the ongoing market events. Coin value has advanced up to $0.1136 high in the past 24-hours. Similarly, the overall market sentiment remains on the positive side. Dogecoin has received up to 4.36% of boost during the day. If the buying activities continue to accelerate, further upside in the coin value can be anticipated. Technical indicators are giving out a bullish signal, and side by side, the price charts are favoring the buyers as well.
Is DOGE a good investment?
Dogecoin has a strong potential for growth due to its high adoption and strong community. However, DOGE is considered a highly volatile coin, and its unlimited supply raises questions about its future price. Social media news and trends also highly affect the meme coin, so diversification is advised. However, the coin is expected to touch the $0.249 level by 2025.
Why is DOGE up?
DOGE’s price increased to $0.1136 as observed over the last 24 hours. However, the presence of strong resistance at $0.1251 mark is yet to be broken by DOGE.
Will DOGE reach $0.250?
If the broader cryptocurrency market turns bullish, DOGE will join the rally. As a meme coin, it runs mostly on positive speculation. It is expected that the coin will touch this level by August 2024.
Will DOGE reach $1?
Considering Dogecoin’s current value of $0.099, $1 is still a far-reaching target. However, the robust community support for this specific meme coin can push it to $1 soon.
Will DOGE reach $5?
Despite the risk involved with meme-based crypto pairs like Dogcoin, they can still shoot up on positive momentum. The market speculates that DOGE will reach the $5 level by 2033. Though the time is considerable, it is worth holding for handsome profits.
Does DOGE have a good long-term future?
Most well-known altcoins are trading at lower levels, but looking at DOGE, it is trading above its average price of the last two years. Currently, the coin is following a downward pattern since it peaked at $0.219 on March 28, 2024, but the trend is expected to change, and a positive outbreak can be expected. The DOGE/USD pair is expected to reach the $1.66 mark by 2030, so holding it for longer can be beneficial.
Recent news/opinion on Dogecoin
The market statistics show that a whale has bought an incredible 1.4 billion Dogecoin (DOGE). That amounts to almost $176.4 million at the current exchange rate, and it caught the interest of Billy Markus, the person behind Dogecoin, also known as Shibetoshi Nakamoto.
Elon Musk and his car-making company Tesla won the class action lawsuit filed by a group of DOGE investors, accusing them of defrauding investors by hyping DOGE and making insider trading allegations. The judge dismissed the case with prejudice, which means it cannot be brought back to court.
Dogecoin price prediction October 2024
In October 2024, DOGE could maintain a trading range of $0.0940 to $0.1261, with an average price of $0.1101.
DOGE price predictionMinimum priceAverage priceMaximum priceDOGE price prediction October 2024$0.0940$0.1101$0.1261
Dogecoin price prediction 2024
In Q3 and Q4 of 2024, DOGE could maintain a trading range of $0.1330 to $0.1442, with an average price of $0.1379.
DOGE price predictionMinimum priceAverage priceMaximum priceDOGE price prediction 2024$0.1330$0.1379$0.1442
Dogecoin price predictions 2025 – 2030
YearMinimum priceAverage priceMaximum price2025$0.1915$0.1984$0.23072026$0.2640$0.2720$0.32712027$0.3843$0.3952$0.45352028$0.5599$0.5797$0.66102029$0.8272$0.8504$0.98492030$1.17$1.21$1.45
Dogecoin price prediction 2025
According to the Dogecoin price forecast for 2025, traders can expect minimum and maximum prices of $0.1915 and $0.2307, and an expected average trading price of $0.1984.
Dogecoin price prediction 2026
Dogecoin’s forecast for 2026 presents an optimistic outlook for the coin. Traders can expect a maximum price of $0.3271, an average trading price of $0.2720, and a minimum price of $0.2640.
Dogecoin price prediction 2027
In 2027, DOGE could reach a maximum price of $0.4535, an average trading price of $0.3952, and a minimum price of $0.3843.
Dogecoin price prediction 2028
According to the Dogecoin price forecast for 2028, traders can expects a maximum price of $0.6610, an average trading price of $0.5797, and a minimum price of $0.5599.
Dogecoin price prediction 2029
Dogecoin’s forecast for 2029 presents an positive outlook for the memecoin. The maximum expected price is $0.9849, with an average trading price of $0.8504. The predicted minimum price for Dogecoin is $0.8272.
Dogecoin price prediction 2030
According to the Dogecoin price forecast for 2030, traders and investors can anticipate a maximum market value of $1.45, a minimum price of $1.17, and an average price of $1.21.
Dogecoin market price prediction: Analysts’ DOGE price forecast
Firm Name20242025Changelly$0.149$0.3448DigitalCoinPrice$0.36$0.41CoinPedia$0.3392$1.07
Cryptopolitan’s Dogecoin (DOGE) price prediction
Cryptopolitan’s Dogecoin price predictions for 2024 suggests a minimum of $0.1402, an average of $0.1464, and a maximum of $0.1648. By 2030, DOGE may reach $1.56.
Dogecoin historic price sentiment
2013 was the beginning of Dogecoin, and it surged to $0.0004 in the first days of trading. By March 2014, the coin attempted a breach of $0.001, but failed, closing the year at $0.0001.
In the subsequent years, Dogecoin faced immense competition from new coins, including Stellar, Neo, and Monero, which dragged the coin’s price further down.
Dogecoin traded in a strict range of $0.002 to $0.0036 for most of 2019.
In January 2021, DOGE saw significant gains, closing the month at $0.037. Subsequently, Dogecoin attained an ATH of $0.7376 on May 8, 2021, but lost 76% of its value, closing the year at $0.1703.
In 2022, Dogecoin maintained an average market price of about $0.07.
In 2023, Dogecoin began trading around $0.08, and closed the year at $0.08955.
DOGE began 2024 consolidating around the $0.08 region. The market-wide bull run of March 2024 saw DOGE trading above $0.2, reclaiming its November 2021 levels.
After June’s crashing price action, when DOGE plunged to $0.122 from the $0.160 range, July observed a further low of $0.107, but the meme coin recovered back to $0.134 by the end of the month.
In August 2024, Dogecoin’s price fell from $0.1216 to $0.1011, and in September, DOGE recovered back to the $0.1282 range.
At the start of October, DOGE/USD is trading near $0.1180 range.
This articles is written by : Fady Askharoun Samy Askharoun
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