Key takeaways:
- DOGE price may reach $ 0.418 by the end of 2024.
- By 2027, DOGE may potentially achieve a peak price of $0.449.
- By 2030, DOGE might touch $0.985 with an average trading price of $0.867.
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 | $0.416 |
| Market Cap | $61.17B |
| Trading Volume | $8.78B |
| Circulating Supply | 147.05B DOGE |
| All-time High | $0.7376 May 07, 2021 |
| All-time Low | $0.00008547 May 07, 2015 |
| 24-hour High | $0.4379 |
| 24-hour Low | $0.4109 |
Dogecoin price prediction: Technical analysis
| Price Prediction | $0.164 |
| Volatility | 31.69% |
| 50-Day SMA | $ 0.246751 |
| 14-Day RSI | 71.40 |
| Sentiment | Bullish |
| Fear & Greed Index | 81 (Extreme Greed) |
| Green Days | 19/30 (63%) |
| 200-Day SMA | 0.157881 |
Dogecoin price analysis: DOGE falls to $0.416 amidst decline
TL;DR Breakdown:
- Dogecoin price analysis confirmed a downward trend at $0.416.
- Cryptocurrency has gained up to 2.24% in value during the day.
- DOGE coin prices are targeting the next resistance around $0.447.
On December 3, 2024, Dogecoin price analysis confirmed a bearish market trend. It declined to $0.4156 in the last 24 hours. On the other hand, the cryptocurrency gained 2.24 percent during the day. The overall market sentiment remains positive; however, the bears secured a strong victory today.
Dogecoin 1-day price chart analysis
The one-day price chart of Dogecoin revealed a declining market trend for the currency. DOGE/USD value fell to a $0.416 low in the past 24 hours. However, the overall market sentiment remains favorable for the bulls. Red candlesticks indicate that the market has been experiencing a downward momentum since yesterday.
The gap between the Bollinger bands determines market volatility. As this volatility is widening, this indicates rising volatility levels. Moreover, the upper limit of the Bollinger Bands indicator, serving as the resistance band, has shifted to $0.447. Whereas, its lower limit, acting as the support band, has moved to $0.351 low.
The Relative Strength Index (RSI) indicator lies close to the neutral region. Its value has deteriorated to index 63.85 in the past 24 hours. The decreasing curve marks a downward momentum and a rising selling pressure. This downward movement indicates that the market has entered a period of instability for now.
DOGE/USD 4-hour price analysis
The four-hour price chart of Dogecoin revealed a downward market trend for the cryptocurrency. DOGE/USD value has been reduced to a $0.415 low in the past four hours of the day. As the volatility is rising, this indicates relatively high chances of a price reversal.
The Bollinger bands are expanding, referring to an increasing volatility. This increase in volatility signals a higher market unpredictability for the coming hours. The upper end of the Bollinger Bands indicator has shifted to $0.441, indicating the resistance point. Conversely, its lower end has moved to $0.410, signifying the availability of support.
The RSI indicator is hovering within the neutral region. Its value has dropped to 46.80 in the past few hours. This has resulted in a considerable loss, as the bears are now dominating the market. The selling activities have been intensifying for the past four hours, resulting in a sufficient decline. This decreasing price movement marks an unbalanced trading environment for investors.
Dogecoin technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value | Action |
| SMA 3 | $ 0.314015 | BUY |
| SMA 5 | $ 0.34452 | BUY |
| SMA 10 | $ 0.378248 | BUY |
| SMA 21 | $ 0.377068 | BUY |
| SMA 50 | $ 0.246751 | BUY |
| SMA 100 | $ 0.176531 | BUY |
| SMA 200 | $ 0.157881 | BUY |
Daily exponential moving average (EMA)
| Period | Value | Action |
| EMA 3 | $ 0.335872 | BUY |
| EMA 5 | $ 0.285268 | BUY |
| EMA 10 | $ 0.220665 | BUY |
| EMA 21 | $ 0.170734 | BUY |
| EMA 50 | $ 0.137078 | BUY |
| EMA 100 | $ 0.126603 | BUY |
| EMA 200 | $ 0.123481 | BUY |
What can you expect from the DOGE price analysis next?
Dogecoin price analysis confirmed a highly bearish prediction regarding the ongoing market events. Coin value has descended to a $0.416 low over the last 24 hours. On the other side, the cryptocurrency has gained up to 2.24% of value during the day as well. This confirms the overall market sentiment as bullish; however, today’s price prediction reveals a bearish trend. Technical indicators confirm the overall market sentiment with a bullish signal. However, the price charts continue to present a bearish outlook in line with the ongoing downward swing.
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 $0.416 as observed over the last 24 hours. Side by side, the presence of strong resistance at the $0.446 mark is yet to be overcomed 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’s 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 Dogecoin, 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’s 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’s 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
- CoinGlass data shows that Dogecoin’s trading volume has surged by more than 76%. The surge is attributed to significant whale activity. Analysts remain optimistic about Dogecoin and expect further upside in the coming days.
- Dogecoin recorded a 31% gain to lift its price to $0.28 over the weekend, maintaining its bullish momentum. Since November 2021, the token’s current price has been the highest it has ever been. The value of the meme coin has increased by 155%, and it is currently double what it was a month ago. CoinGecko data indicates that Dogecoin has increased by 86% in the past week. The number is still well below the $0.71 mark, which was the peak established in May 2021. Read more about it here.
Dogecoin price prediction December 2024
In December 2024, DOGE could maintain a trading range of $0.350 to $0.484, with an average price of $0.396.
| DOGE price prediction | Minimum price | Average price | Maximum price |
| DOGE price prediction December 2024 | $0.350 | $0.396 | $0.484 |
Dogecoin price prediction 2024
In Q4 of 2024, DOGE could maintain a trading range of $0.033 to $ 0.418, with an average price of $ 0.384 .
| DOGE price prediction | Minimum price | Average price | Maximum price |
| DOGE price prediction 2024 | $ 0.033 | $0.384 | $ 0.418 |
Dogecoin price predictions 2025 – 2030
| Year | Minimum price | Average price | Maximum price |
| 2025 | $ 0.388 | $ 0.604 | $ 1.143 |
| 2026 | $ 0.392 | $ 0.434 | $ 0.516 |
| 2027 | $ 0.396 | $ 0.416 | $ 0.449 |
| 2028 | $ 0.420 | $ 0.530 | $ 0.854 |
| 2029 | $ 0.804 | $ 1.109 | $ 1.869 |
| 2030 | $ 0.809 | $ 0.867 | $ 0.985 |
Dogecoin price prediction 2025
According to the Dogecoin price forecast for 2025, traders can expect minimum and maximum prices of $ 0.388 and $ 1.143 and an expected average trading price of $ 0.604.
Dogecoin price prediction 2026
Dogecoin’s forecast for 2026 presents an optimistic outlook for the coin. Traders can expect a maximum price of $ 0.516, an average trading price of $ 0.434, and a minimum price of $ 0.392.
Dogecoin price prediction 2027
In 2027, DOGE could reach a maximum price of $ 0.449, an average trading price of $ 0.416, and a minimum price of $ 0.396.
Dogecoin price prediction 2028
According to the Dogecoin price forecast for 2028, traders can expects a maximum price of $ 0.854, an average trading price of $ 0.530, and a minimum price of $ 0.420.
Dogecoin price prediction 2029
Dogecoin’s forecast for 2029 presents a positive outlook for the memecoin. The maximum expected price is $ 1.869, with an average trading price of $ 1.109. The predicted minimum price for Dogecoin is $ 0.804.
Dogecoin price prediction 2030
According to the Dogecoin price forecast for 2030, traders and investors can anticipate a maximum market value of $ 0.985, a minimum price of $ 0.809, and an average price of $ 0.867.
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 suggest a minimum of $ 0.033, an average of $0.384, and a maximum of $ 0.418. By 2030, DOGE may reach $1.36.
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.
- October saw some recovery, as DOGE/USD recovered up to the $0.1759 range by the end of the month, and in November it spiked to $0.4312.
- At the start of December, DOGE is trading near the $0.440 mark.
