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 | $0.0973 |
| Market Cap | $14,219,717,494 |
| Trading Volume | $451,061,687 |
| Circulating Supply | 145,830,116,384 DOGE |
| All-time High | $0.7376 May 07, 2021 |
| All-time Low | $0.00008547 May 07, 2015 |
| 24-h High | $0.09946 |
| 24-h Low | $0.09503 |
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: DOGE devalues to $0.0973 after bearish strike
TL;DR Breakdown
- Dogecoin price analysis confirms a downtrend at $0.0973.
- Cryptocurrency has gained up to 2.09% of value today.
- Dogecoin prices are seeking resistance around $0.1121.
On September 05, 2024, Dogecoin price analysis revealed a downward trend for the cryptocurrency. Currently trading at $0.0973, cryptocurrency underwent a major loss during the day. However, the overall market sentiment remains bullish, as Dogecoin gained up to 2.09% of recovery. Today’s downturn gives out a negative signal for the investors, as the selling pressure continues to accelerate.
Dogecoin 1-day price chart analysis: Bearish comeback results in loss below $0.0973
The 1-day price analysis of Dogecoin confirms a decreasing trend for the cryptocurrency. Coin value has dropped down to $0.0973 during the day. However, the overall market sentiment remains towards the bullish side. As the volatility is expanding, this a sign of a higher market unpredictability.
The gap between the upper and the lower bands of the Bollinger bands indicator defines volatility. Currently, this gap is expanding, which suggests an increasing volatility. The upper side of the Bollinger bands indicator, acting as resistance, is at $0.1121. Whereas, the lower side of the Bollinger bands indicator, serving as support, is at $0.0926.
The Relative Strength Index (RSI) indicator is situated within the neutral region. Its current value is 41.93, and still moving downward, this confirms a bearish trend. Moreover, the receding movement of the RSI signifies an unstable trading environment. The selling pressure is intensifying as compared to the buying pressure, which can lead to further deterioration in the RSI.
DOGE/USD 4-hour price analysis: Dogecoin faces bearish resistance at $0.0973
The four-hour price chart of Dogecoin revealed a downward trend for the currency. DOGE/USD value has been reduced to $0.0973 in the past four hours. The bears are now back on track, as reflected from the latest downturn. Moreover, the coin value still stands below its moving average, considering the earlier upside.
The volatility is on the decreasing end, as the Bollinger bands are widening. This decrease in the volatility marks a lower market unpredictability. Moreover, the upper side of the Bollinger bands indicator is at $0.0999, determining the resistance point. Conversely, the lower side of the Bollinger bands indicator is at $0.0952, confirming the availability of support.
The RSI indicator confirms the latest bearish upset. Its value has deteriorated to 47. Moreover, the descending curve on the RSI graph marks a bearish supremacy. The selling activities are substantially high as compared to the buying activities. The RSI movement therefore reflects an imbalanced trading atmosphere.
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 highly bearish prediction regarding the ongoing market events. Coin value has decreased to $0.0973 low during the day. However, if observed overall, the cryptocurrency has gained up to 2.09% of recovery today. Currently, the bears are securing the leading end, as reflected from the downturn in the past few hours. Technical indicators as well as the price charts are now supporting the bears.
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 down?
DOGE’s price decreased to $0.0973 as observed over the last 24 hours. The descent played a crucial role in reviving bearish strength, and the support has lost 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.
