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Dogecoin price prediction 2024-2030: DOGE to the moon?

Key takeaways

  • DOGE price may reach $0.164 by the end of 2024.
  • By 2027, DOGE may potentially achieve a peak price of $0.541.
  • By 2030, DOGE might touch $1.66 with an average trading price of $1.39.

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. With influential figures like Elon Musk showing interest and potential high-profile backers stepping in, such as the proposed “Dogecoin Foundation,” the currency’s trajectory is promising. Having touched its ATH at $0.7376, will DOGE reach $1?

Let’s get into the Dogecoin price prediction and technical analysis.

Overview

CryptocurrencyDogecoin
TokenDOGE
Price$0.1068
Market Cap$15,628,150,639
Trading Volume$536,868,386
Circulating Supply145,073,306,384 
All-time High$0.7376  May 07, 2021
All-time Low$0.00008547  May 07, 2015
24-h High$0.1112
24-h Low$0.1066

Dogecoin price prediction: Technical analysis

Price Prediction$0.164
Volatility10.50%
50-Day SMA$ 0.146155
14-Day RSI38.53
SentimentNeutral
Fear & Greed Index51 (Neutral)
Green Days11/30 (37%)
200-Day SMA 0.129234

Dogecoin price analysis: Coin value demonstrates a loss below $0.1068

TL;DR Breakdown

  • Dogecoin price analysis confirms a downtrend.
  • The coin value has dropped to $0.1068. 
  • Support is being provided at the $0.1004 end.

The daily as well as the hourly Dogecoin price analysis for July 11, 2024, indicates signs of growing bearish momentum. Although the circumstances remained favorable for the bulls yesterday, today a further downturn in price has been recorded. Overall, the coin value has moved down to $0.1068 as a result of the receding price movement today. If the bears remain persistent, further devaluation in coin value can be expected soon.

Dogecoin 1-day price chart: DOGE devalues below $0.1068 amidst a downturn

The daily Dogecoin price analysis is suggestive of an ongoing downswing. The bears have taken over the market once again as the selling pressure is higher as compared to the buying pressure. In the past 24 hours, the coin value has dropped to $0.1068, following the downtrend. If we discuss the Moving Average (MA) indicator, then the indicator’s curve displays a steep bearish slope. Its value has decreased to $0.1084 as a consequence of the downward swing observed in the prior week.

DOGE/USD 1-day price chart: TradingView

The volatility is expanding, which is a bearish signal for the coming market events. The upper end of the Bollinger bands indicator has thus moved to $0.1329, marking the strong resistance threshold for the cryptocurrency. Whereby, the lower extreme of the Bollinger bands indicator has switched to the $0.1004 end, marking the support levels. The Relative Strength Index (RSI) indicator confirms the latest changes in price movements. Its value has sunk to index 36.17 because of the growing selling momentum during the day.

DOGE/USD 4-hour price: A bearish swing leads to a decline below the $0.1068 mark

The hourly Dogecoin price analysis indicates a highly bearish scenario regarding the ongoing market events. The red candlesticks have been dominant on the four-hour price chart since the early hours of the day. Overall, the coin value has depreciated to $0.1068 in the past few hours, considering the rising selling activity. Side by side, the moving average indicator confirms a decline in its overall value as well. Its value has been reduced to $0.1083 as a result of the bearish rush during the day. 

DOGE/USD 4-hour price chart. Source: TradingView

The volatility has experienced a subtle rise, which is a bearish signal for the coming market events. Whereas, the upper end of the Bollinger bands indicator has moved to $0.1100 because of the increasing shift in volatility. The lower end of the Bollinger bands indicator has changed its position to $0.1060 low as well. The RSI graph displays a descending curve following the bearish swing in the past four hours. Its value has moved down to index 45.08 as the selling activity remained intense during the day.

Dogecoin technical indicators: Levels and action

Daily simple moving average (SMA)

PeriodValueAction
SMA 3$ 0.124157SELL
SMA 5$ 0.123158BUY
SMA 10$ 0.123607BUY
SMA 21$ 0.129995SELL
SMA 50$ 0.146155SELL
SMA 100$ 0.156529SELL
SMA 200$ 0.129234SELL

Daily exponential moving average (EMA)

PeriodValueAction
EMA 3$ 0.124407SELL
EMA 5$ 0.124201SELL
EMA 10$ 0.125623SELL
EMA 21$ 0.131831SELL
EMA 50$ 0.14183SELL
EMA 100$ 0.143284SELL
EMA 200$ 0.131257SELL

What can you expect from the DOGE price analysis next?

The daily as well as hourly Dogecoin price analysis confirms a decreasing price movement for the day. The selling momentum has been aggravating once again since the past 24 hours, as the bears have secured a comeback. The DOGE/USD value has depreciated to $0.1068 because of the rising bearish momentum. The four-hour analysis suggests a downtrend for the cryptocurrency as well as a major downturn in coin value that was recorded over the span of the past four hours.

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 some questions about its future price. The meme coin is also highly affected by social media news and trends, so diversification is advised. However, the coin is expected to touch the $0.249 level by 2025.

Why is DOGE down?

DOGE’s price moved down by 0.95 percent over the last week. The strong descend observed over the last two days also played a crucial role, and the support has lost further stability.

Will DOGE reach $0.250?

If the broader cryptocurrency market turns bullish, DOGE will also 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 $0.124, $1 is still a far-reaching target. However, the robust community support and favoritism for this specific meme coin can push it to the $1 level by 2029. 

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 last 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 a longer period can be beneficial.

Recent News/opinion on Dogecoin

  • According to crypto market analytics provider IntoTheBlock, Dogecoin recorded an impressive $1 billion in transaction volume on June 25 in just 24 hours. Transactions above $100,000 are generally considered under this category, and in DOGE’s case, transactions made by institutional investors and whales amounted to this figure.
  • Whale Alert on June 10, 2024 noted two major DOGE transfers, amounting to around $47,221,537. These transfers included 200,000,000 and 126,705,738 DOGE, respectively, highlighting the interest of whales and investors.

Dogecoin price prediction July 2024

In July 2024, DOGE could maintain a trading range of $0.114to $0.151, with an average price of $0.130.

DOGE price predictionMinimum priceAverage priceMaximum price
DOGE price prediction June 2024$0.114$0.130$0.151

Dogecoin price prediction 2024

In Q3 and Q4 of 2024, DOGE could maintain a trading range of $0.1504 to $0.1744, with an average price of $0.1553.

DOGE price predictionMinimum priceAverage priceMaximum price
DOGE price prediction 2024$0.1458$0.1507$0.1643

Dogecoin price predictions 2025 – 2030

YearMinimum priceAverage priceMaximum price
2025$0.2114$0.2189$0.2493
2026$0.3093$0.3181$0.3625
2027$0.4417$0.4577$0.5418
2028$0.6421$0.6650$0.7608
2029$0.9518$0.9851$1.12
2030$1.34$1.39$1.66

Dogecoin price prediction 2025

According to the Dogecoin price forecast for 2025, traders can expect minimum and maximum prices of $0.2114 and $0.2493, and an expected average trading price of $0.2189.

Dogecoin price prediction 2026

Dogecoin’s forecast for 2026 presents an optimistic outlook for the coin. Traders can expect a maximum price of $0.3625, an average trading price of $0.3181, and a minimum price of $0.3093.

Dogecoin price prediction 2027

In 2027, DOGE could reach a maximum price of $0.5418, an average trading price of $0.4577, and a minimum price of $0.4417.

Dogecoin price prediction 2028

According to the Dogecoin price forecast for 2028, traders can expects a maximum price of $0.7608, an average trading price of $0.6650, and a minimum price of $0.6421.

Dogecoin price prediction 2029

Dogecoin’s forecast for 2029 presents an positive outlook for the memecoin. The maximum expected price is $1.12, with an average trading price of $0.9851. The predicted minimum price for Dogecoin is $0.9518.

Dogecoin price prediction 2030

According to the Dogecoin price forecast for 2030, traders and investors can anticipate a maximum market value of $1.66, a minimum price of $1.34, and an average price of $1.39.

Dogecoin market price prediction: Analysts’ DOGE price forecast

Firm Name20242025
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 $0.1405, an average of $0.1593, and a maximum of $0.1642. By 2030, DOGE may reach $1.5.

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, going on on to close 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 went on to lose 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. At the time of writing, July 2, 2024, Dogecoin is trading within the $0.119 – $0.128 range.

FAQs

Where to trade Dogecoin (DOGE)?

Dogecoin has come out of the shadows. Now, almost every significant cryptocurrency exchange offers Dogecoin crypto trading. Some of the popular exchanges offering Dogecoin trading services are Coinbase, Binance, Kraken, Bittrex, Bibox, and more.

How does one mine Dogecoin?

There are two methods to mine Dogecoin: either on your own or in a mining group. While solo mining has its advantages, it also has its drawbacks, such as having to wait for transaction confirmations. Solo mining, on the other hand, necessitates a longer wait time than Dogecoin mining. The difficulty of mining Dogecoin is different from that of other cryptocurrencies. Depending on the number of miners present, it may go up or down.

Is DOGE a good investment?

Dogecoin has been shown to be a profitable investment since its introduction to the market. Dogecoin was just another cryptocurrency on the market for years. Dogecoin has emerged as one of the most sought-after cryptocurrencies in the cryptocurrency market today, thanks to Elon Musk's hype in 2020.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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