Key takeaways:
- DOGE price may reach $0.1543 by the end of 2024.
- By 2027, DOGE may potentially achieve a peak price of $0.5581.
- By 2030, DOGE might touch $1.84 with an average trading price of $1.56.
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
| Cryptocurrency | Dogecoin |
| Token | DOGE |
| Price | $0.1012 |
| Market Cap | $14,701,302,850 |
| Trading Volume | $432,985,513 |
| Circulating Supply | 145,993,626,384 DOGE |
| All-time High | $0.7376 May 07, 2021 |
| All-time Low | $0.00008547 May 07, 2015 |
| 24-h High | $0.1015 |
| 24-h Low | $0.0984 |
Dogecoin price prediction: Technical analysis
| Price Prediction | $0.164 |
| Volatility | 5.22% |
| 50-Day SMA | $ 0.113525 |
| 14-Day RSI | 48.00 |
| Sentiment | Bearish |
| Fear & Greed Index | 29 (Fear) |
| Green Days | 12/30 (40%) |
| 200-Day SMA | 0.132377 |
Dogecoin price analysis: Dogecoin seeks bullish recovery above $0.1012.
TL;DR Breakdown:
- Dogecoin price analysis confirms an upward trend at $0.1012.
- Dogecoin has lost up to 1.02% of value from its previous close.
- Dogecoin prices are seeking resistance around $0.1074 border.
On September 17, 2024, Dogecoin price analysis confirmed a highly bullish scenario regarding the ongoing market events. Currently trading at $0.1012, the coin value has experienced considerable recovery today. Conversely, over the past 24-hours, the cryptocurrency has devalued up to 1.02%. The overall market sentiment remains negative, which creates unfavorable circumstances for the investors.
Dogecoin 1-day price chart analysis: Coin value steps up to $0.1012 amidst upside
The 1-day price chart of Dogecoin confirmed an upward trend for the currency today. Dogecoin value has revived up to $0.1012 amidst the rising bullish strength. Despite the downward swing earlier this week, today the bulls seem to have bounced back. However, the coin value is still situated below the moving average level.
The gap between the upper and lower Bollinger bands defines market volatility. As this gap is widening, this indicates an increase in the volatility. Moreover, the upper limit of the Bollinger bands indicator, acting as the resistance band, is at $0.1074. Whereas, the lower limit of the Bollinger bands indicator, serving as support, is at $0.0929.
The Relative Strength Index (RSI) indicator is situated within the neutral region. Its value has advanced up to 48.49 in the past 24-hours. The upward curve on the RSI graph signifies a bullish victory, as the bulls have regained their momentum. Moreover, this increasing movement confirms that the buying activities are reigning over the selling activities once again.
DOGE/USD 4-hour price analysis: Cryptocurrency upgrades to $0.1012 following turnover
The four-hour price analysis of Dogecoin revealed an increasing trend for the cryptocurrency. Coin value has increased up to $0.1012 in the past four hours. That is because the buying pressure is now continuously accelerating. The coin value has climbed up beyond its moving average amidst the rising bullish momentum.
The area between the Bollinger bands is converging, which signifies a decline in volatility. This decline refers to lower market unpredictability for the coin. Moving on, the upper boundary of the Bollinger bands indicator, acting as resistance, has moved towards $0.1082 high. Whereby, the lower boundary of the Bollinger bands indicator, serving as support, has shifted to $0.0985.
The RSI graph is hovering within the neutral region at index 44.18. As the RSI continues to move upward, this signifies an overall bullish control. The buying activities have been escalating since the early hours of the day. The increasing movement of the RSI indicates a balanced trading environment and upcoming stability within the market.
Dogecoin technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value | Action |
| SMA 3 | $ 0.099725 | BUY |
| SMA 5 | $ 0.10051 | BUY |
| SMA 10 | $ 0.105602 | SELL |
| SMA 21 | $ 0.105975 | SELL |
| SMA 50 | $ 0.113525 | SELL |
| SMA 100 | $ 0.125154 | SELL |
| SMA 200 | $ 0.132377 | SELL |
Daily exponential moving average (EMA)
| Period | Value | Action |
| EMA 3 | $ 0.103655 | SELL |
| EMA 5 | $ 0.103264 | SELL |
| EMA 10 | $ 0.103463 | SELL |
| EMA 21 | $ 0.106438 | SELL |
| EMA 50 | $ 0.114288 | SELL |
| EMA 100 | $ 0.123049 | SELL |
| EMA 200 | $ 0.123853 | SELL |
What can you expect from the DOGE price analysis next?
Dogecoin price analysis gives out a bullish prediction regarding the ongoing market events. Coin value has increased up to the $0.1012 mark during the past 24-hours. However, if observed overall, Dogecoin has lost up to 1.02% value considering the earlier downside. Currently, the bullish pressure has revived, leading to an acceleration within the buying activity. Technical indicators give out a bearish verdict, however; the price charts continue to show support for the bulls.
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 $0.1012 as observed over the last 24 hours. The ascent played a crucial role in reviving bullish strength, and the support has gained further stability.
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
- 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 September 2024
In September 2024, DOGE could maintain a trading range of $0.0956 to $0.1121, with an average price of $0.1039.
| DOGE price prediction | Minimum price | Average price | Maximum price |
| DOGE price prediction September 2024 | $0.0956 | $0.1039 | $0.1121 |
Dogecoin price prediction 2024
In Q3 and Q4 of 2024, DOGE could maintain a trading range of $0.1428 to $0.1543, with an average price of $0.1477.
| DOGE price prediction | Minimum price | Average price | Maximum price |
| DOGE price prediction 2024 | $0.1428 | $0.1477 | $0.1543 |
Dogecoin price predictions 2025 – 2030
| Year | Minimum price | Average price | Maximum price |
| 2025 | $0.2005 | $0.2064 | $0.2433 |
| 2026 | $0.3170 | $0.3273 | $0.3527 |
| 2027 | $0.4685 | $0.4849 | $0.5581 |
| 2028 | $0.7202 | $0.7395 | $0.8207 |
| 2029 | $1.07 | $1.10 | $1.24 |
| 2030 | $1.51 | $1.56 | $1.84 |
Dogecoin price prediction 2025
According to the Dogecoin price forecast for 2025, traders can expect minimum and maximum prices of $0.2005 and $0.2433, and an expected average trading price of $0.2064.
Dogecoin price prediction 2026
Dogecoin’s forecast for 2026 presents an optimistic outlook for the coin. Traders can expect a maximum price of $0.3527, an average trading price of $0.3273, and a minimum price of $0.3170.
Dogecoin price prediction 2027
In 2027, DOGE could reach a maximum price of $0.5581, an average trading price of $0.4849, and a minimum price of $0.4685.
Dogecoin price prediction 2028
According to the Dogecoin price forecast for 2028, traders can expects a maximum price of $0.8207, an average trading price of $0.7395, and a minimum price of $0.7202.
Dogecoin price prediction 2029
Dogecoin’s forecast for 2029 presents an positive outlook for the memecoin. The maximum expected price is $1.24, with an average trading price of $1.10. The predicted minimum price for Dogecoin is $0.9123.
Dogecoin price prediction 2030
According to the Dogecoin price forecast for 2030, traders and investors can anticipate a maximum market value of $1.84, a minimum price of $1.51, and an average price of $1.56.
Dogecoin market price prediction: Analysts’ DOGE price forecast
| Firm Name | 2024 | 2025 |
| Changelly | $0.149 | $0.3448 |
| DigitalCoinPrice | $0.36 | $0.41 |
| CoinPedia | $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 on September 1, DOGE was trading in the $0.0988 range.
