Key takeaways:
- DOGE price may reach $0.1442 by the end of 2024.
- By 2027, DOGE may potentially achieve a peak price of $0.4535.
- By 2030, DOGE might touch $1.45 with an average trading price of $1.21.
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 | $0.1126 |
| Market Cap | $16,611,976,307.71 |
| Trading Volume | $1,076,001,780.10 |
| Circulating Supply | 146,376,216,383.71 DOGE |
| All-time High | $0.7376 May 07, 2021 |
| All-time Low | $0.00008547 May 07, 2015 |
| 24-hour High | $0.1188 |
| 24-hour Low | $0.1126 |
Dogecoin price prediction: Technical analysis
| Price Prediction | $0.164 |
| Volatility | 8.32% |
| 50-Day SMA | $ 0.10549 |
| 14-Day RSI | 54.88 |
| Sentiment | Neutral |
| Fear & Greed Index | 250 (Neutral) |
| Green Days | 17/30 (57%) |
| 200-Day SMA | 0.123888 |
Dogecoin price analysis: DOGE falls to $0.1126
TL;DR Breakdown:
- Dogecoin price analysis confirms a downward trend at $0.1126.
- Coin value has gained up to 0.07% of boost during the day.
- Cryptocurrency prices are seeking the resistance around $0.1253.
On October 15, 2024, Dogecoin price analysis for the day confirmed a highly bearish scenario regarding the price movements. The cryptocurrency value has dropped to a $0.1126 during the past 24-hours. However, the overall market scenario remains positive, as the cryptocurrency has gained up to 0.07% of a boost. The past week remained favorable for the bulls, however; today the bears have secured victory.
Dogecoin 1-day price chart analysis
The 1-day price chart of Dogecoin revealed a decreasing trend for the cryptocurrency. Its value has reduced to $0.1126 in the past 24-hours .The market sentiment remains towards the positive side. The red candlestick on the one-day price chart marks a bearish victory and rising selling pressure.
The gap between the Bollinger bands determines market volatility. Currently, this gap remains unchanged, resulting in constant volatility. Moreover, the upper limit of the Bollinger bands indicator, serving as the resistance band, is at $0.1253. Whereas, its lower limit, acting as the support band, is at $0.0993.
The Relative Strength Index (RSI) indicator is present within the neutral region. Its value has decreased to 53.52 during the past 24-hours. This decreasing movement defines a bearish market. However, the overall market sentiment retains a bullish signal. Currently, the RSI graph displays a steep bearish slope, thereby referring to the downturn today.
DOGE/USD 4-hour price analysis
The four-hour price analysis of Dogecoin revealed a declining trend for the currency. Coin value has been reduced to $0.1127 during the past four hours of the day. The bears remained on the leading end since the earlier hours of the day. As the volatility declines, its suggests that there are lower chances of reversal.
The Bollinger bands are shrinking, leading to a decline in volatility levels. This decline refers to a lower market unpredictability for the coming hours. Side by side, the upper Bollinger band is now at $0.1168, securing the resistance threshold. Whereas, the lower Bollinger bands are present at $0.1082, indicating the support.
The RSI indicator is hovering within the neutral region. Its overall value has deteriorated down to 51.97 during the last few hours. The bears remained dominant throughout the day, leading to a substantial decline within the RSI. The decreasing curve on the RSI graph presents a bearish trend and an unstable market.
Dogecoin technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value | Action |
| SMA 3 | $ 0.115192 | BUY |
| SMA 5 | $ 0.118867 | SELL |
| SMA 10 | $ 0.114896 | BUY |
| SMA 21 | $ 0.110564 | BUY |
| SMA 50 | $ 0.10549 | BUY |
| SMA 100 | $ 0.111844 | BUY |
| SMA 200 | $ 0.123888 | SELL |
Daily exponential moving average (EMA)
| Period | Value | Action |
| EMA 3 | $ 0.108955 | BUY |
| EMA 5 | $ 0.10655 | BUY |
| EMA 10 | $ 0.104866 | BUY |
| EMA 21 | $ 0.106272 | BUY |
| EMA 50 | $ 0.113254 | BUY |
| EMA 100 | $ 0.121981 | SELL |
| EMA 200 | $ 0.123285 | SELL |
What can you expect from the DOGE price analysis next?
Dogecoin price analysis for the day gives a highly bearish prediction regarding the ongoing market events. Coin value has been reduced to $0.1126 following the downward turn. The bears took over the market during the past few hours. However, the overall market sentiment remains towards the positive side. The cryptocurrency has received up to 0.07% of a boost from its previous close. Technical indicators present a bullish outlook; however, the price charts continue to support 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 $0.1126 as observed over the last 24 hours. Similarly, the presence of strong resistance at $0.1253 mark is yet to be broken 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 Doge coin, 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
- The market statistics show that a whale has bought an incredible 1.4 billion Dogecoin (DOGE). That amounts to almost $176.4 million at the current exchange rate, and it caught the interest of Billy Markus, the person behind Dogecoin, also known as Shibetoshi Nakamoto.
- 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 October 2024
In October 2024, DOGE could maintain a trading range of $0.0940 to $0.1261, with an average price of $0.1101.
| DOGE price prediction | Minimum price | Average price | Maximum price |
| DOGE price prediction October 2024 | $0.0940 | $0.1101 | $0.1261 |
Dogecoin price prediction 2024
In Q4 of 2024, DOGE could maintain a trading range of $0.1330 to $0.1442, with an average price of $0.1379.
| DOGE price prediction | Minimum price | Average price | Maximum price |
| DOGE price prediction 2024 | $0.1330 | $0.1379 | $0.1442 |
Dogecoin price predictions 2025 – 2030
| Year | Minimum price | Average price | Maximum price |
| 2025 | $0.1915 | $0.1984 | $0.2307 |
| 2026 | $0.2640 | $0.2720 | $0.3271 |
| 2027 | $0.3843 | $0.3952 | $0.4535 |
| 2028 | $0.5599 | $0.5797 | $0.6610 |
| 2029 | $0.8272 | $0.8504 | $0.9849 |
| 2030 | $1.17 | $1.21 | $1.45 |
Dogecoin price prediction 2025
According to the Dogecoin price forecast for 2025, traders can expect minimum and maximum prices of $0.1915 and $0.2307, and an expected average trading price of $0.1984.
Dogecoin price prediction 2026
Dogecoin’s forecast for 2026 presents an optimistic outlook for the coin. Traders can expect a maximum price of $0.3271, an average trading price of $0.2720, and a minimum price of $0.2640.
Dogecoin price prediction 2027
In 2027, DOGE could reach a maximum price of $0.4535, an average trading price of $0.3952, and a minimum price of $0.3843.
Dogecoin price prediction 2028
According to the Dogecoin price forecast for 2028, traders can expects a maximum price of $0.6610, an average trading price of $0.5797, and a minimum price of $0.5599.
Dogecoin price prediction 2029
Dogecoin’s forecast for 2029 presents an positive outlook for the memecoin. The maximum expected price is $0.9849, with an average trading price of $0.8504. The predicted minimum price for Dogecoin is $0.8272.
Dogecoin price prediction 2030
According to the Dogecoin price forecast for 2030, traders and investors can anticipate a maximum market value of $1.45, a minimum price of $1.17, and an average price of $1.21.
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 in September, DOGE recovered back to the $0.1282 range.
- At the start of October, DOGE/USD is trading near $0.1180 range.
