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

Key takeaways

  • DOGE price may reach $0.1744 by the end of 2024.
  • By 2027, DOGE may potentially achieve a peak price of $0.5624.
  • By 2030, DOGE might touch $1.73.

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$0.1336
Market Cap$19,334,123,239
Trading Volume$648,239,345
Circulating Supply144,239,854,214
All-time High$0.7376  May 07, 2021
All-time Low$0.00008547  May 07, 2015
24-h High$0.138
24-h Low$0.1321

Dogecoin price prediction: Technical analysis

Price Prediction$0.114417  (-13.99%) 
Volatility6.53%
50-Day SMA$0.152274
14-Day RSI37.81
SentimentBearish
Fear & Greed Index71 (Greed)
Green Days14/30 (47%)
200-Day SMA 0.126268

Dogecoin price analysis: DOGE price dips to $0.1336

TL;DR Breakdown

  • Dogecoin price analysis shows downtrends forming as market weakness continues.
  • The DOGE pair has lost almost 1.97% of its value in the last 24 hours.
  • Dogecoin is trading below the $0.138 resistance level.

Dogecoin shows a predominantly bearish movement. Initially, the price remains stable around $0.1362 but soon experiences a significant drop, falling below $0.1336. Despite a brief upward spike around mid-day, the price continues its downward trajectory, indicating strong selling pressure and bearish sentiment in the market. The closing price at approximately $0.1336 down by 1.97% reinforces the overall bearish trend for Dogecoin during this period.

Dogecoin price analysis 1-day chart: DOGE is bearish as prices remain below $0.1336

The 1-day price chart for Dogecoin demonstrates a bearish trend over the observed period. The price has steadily declined from around $0.1600 to approximately $0.1336. This downward movement reflects sustained selling pressure and bearish market sentiment, with only minor recoveries that failed to establish a lasting upward trend. Overall, the price action indicates a persistent bearish trend for Dogecoin.

DOGE/USD 1-day price chart: TradingView

The MACD indicator for DOGE is currently in bearish territory as the signal line (blue) is above the histogram (red). This shows that prices could continue to fall in the short term. The RSI is currently at 36.02, which indicates that the market is in a bearish phase and is currently in neutral territory.

DOGE/USD 4-hour price chart: Dogecoin forms a bearish divergence as market weakness continues

The 4-hour Dogecoin price analysis shows bearish progress in the last few hours as the price levels continue to decline. The market has been on a downtrend, losing around 1.97 percent of its value in the 4-hour timeframe. The bearish trend is expected to continue as the selling pressure remains high. The MACD indicator is currently in the bearish zone as the signal line is above the MACD line.

DOGE/USD 4-hour price chart: TradingView

Dogecoin technical indicators: Levels and action

Daily simple moving average (SMA)

PeriodValueAction
SMA 3$0.143785SELL
SMA 5$0.144404SELL
SMA 10$0.144498SELL
SMA 21$0.15155SELL
SMA 50$0.152274SELL
SMA 100$0.160107SELL
SMA 200$0.126268BUY

Daily exponential moving average (EMA)

PeriodValueAction
EMA 3$0.151419SELL
EMA 5$0.154861SELL
EMA 10$0.158144SELL
EMA 21$0.158292SELL
EMA 50$0.156908SELL
EMA 100$0.14879SELL
EMA 200$0.130004BUY

What can you expect from the DOGE price analysis next?

Overall, Dogecoin shows signs of weakness and a potential downtrend as market conditions remain weak. The $0.138 resistance level must be broken for any significant gains to be made soon. Otherwise, the DOGE/USD pair could face further losses in the coming days.

Recent News/opinion on Dogecoin

  • 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 June 2024

In June 2024, DOGE could maintain a trading range of $0.135 to $0.160, with an average price of $0.148.

DOGE price predictionMinimum priceAverage priceMaximum price
DOGE price prediction June 2024$0.135$0.148$0.160

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$0.1504$0.1553$0.1744

Dogecoin price predictions 2025 – 2030

YearMinimum priceAverage priceMaximum price
2025$0.2243$0.2323$0.2709
2026$0.3163$0.3279$0.3902
2027$0.4647$0.4811$0.5597
2028$0.6956$0.7197$0.8233
2029$1.02$1.06$1.23
2030$1.50$1.55$1.78

Dogecoin price prediction 2025

According to the Dogecoin price forecast for 2025, traders can expect minimum and maximum prices of $0.2200 ad $0.2630, and an expected average trading price of $0.2278.

Dogecoin price prediction 2026

Dogecoin’s forecast for 2026 presents an optimistic outlook for the coin. Traders can expect a maximum price of $0.3826, an average trading price of $0.3310, and a minimum price of $0.3219.

Dogecoin price prediction 2027

In 2027, DOGE could reach a maximum price of $0.5624, an average trading price of $0.4716, and a minimum price of $0.4584.

Dogecoin price prediction 2028

According to the Dogecoin price forecast for 2028, traders can expects a maximum price of $0.7939, an average trading price of $0.7054, and a minimum price of $0.6866.

Dogecoin price prediction 2029

Dogecoin’s forecast for 2029 presents an positive outlook for the memecoin. The maximum expected price is $1.16, with an average trading price of $0.9797. The predicted minimum price for Dogecoin is $1.01.

Dogecoin price prediction 2030

According to the Dogecoin price forecast for 2030, traders and investors can anticipate a maximum market value of $1.73, a minimum price of $1.46, and an average price of $1.50.

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, June 17 2024, Dogecoin is trading within the $0.1264 – $0.138 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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