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 $0.521.
• By 2030, DOGE might touch $1.56 with an average trading price of $1.38.

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

Dogecoin price prediction: Technical analysis

Dogecoin price analysis: DOGE devalues to $0.1090 amidst slump

TL;DR Breakdown

• Dogecoin price analysis confirms a downtrend at $0.1090.
• Coin value has lost up to 0.13% of its value during the day.
• Cryptocurrency seeks resistance around the $0.1134 boundary.

On August 26, 2024, Dogecoin price analysis confirmed a downward trend for the cryptocurrency. Coin value has decreased to $0.1090 end following the bearish turn in price during the day. Moreover, if observed throughout the past 24-hours, the cryptocurrency has devalued up to 0.13%. This confirms a bearish market sentiment as the sellers are coming forward to cover up their losses.

Dogecoin 1-day price chart: DOGE recedes below $0.1090 margin after descent

The one-day price chart of Dogecoin confirms a decreasing trend for the cryptocurrency. DOGE/USD value has been reduced to $0.1090 during the day as the bears remained dominant. Cryptocurrency has lost up to 0.13% of its value in the last 24 hours. However, the coin value is still present above the moving average considering the earlier upside. 

The distance between the upper and lower sides of the Bollinger bands indicator determines the volatility. As the bands are converging, this signals a decreasing market volatility. The upper side of the Bollinger bands indicator, acting as the resistance band, is at $0.1134. However, the lower side of the Bollinger bands indicator, serving as support, is situated at $0.0959. 

The RSI indicator is present within the neutral region. The indicator’s value has dropped down to 50.66 and is still moving downwards. This descending movement signifies a bearish trend. Moreover, the steep slope of the RSI indicates a continual descent and an overall negative market sentiment. The selling activities continue to dominate over the buying activities, as reflected from the RSI graph.

DOGE/USD 4-hour price: Cryptocurrency value recovers past $0.1090

The four-hour price analysis gives out a bullish prediction regarding the current price movements. The bulls have secured a comeback in the last four hours. The cryptocurrency value has recovered up to $0.1090 during the day. However, there are lower chances of reversal as the volatility levels continue to shrink.

The distance between the upper and lower sides of the Bollinger bands indicator defines market volatility. These bands are narrowing down, indicating a lower market unpredictability. Currently, the upper Bollinger band, acting as the resistance, is situated at $0.1148. Whereas, the lower Bollinger band, serving as the support, is present at $0.1063. 

The RSI indicator confirms the bullish comeback in the past four hours. Its value has improved up to 50.49 after the upturn. The upward movement signifies a bullish trend for the cryptocurrency. If the buying pressure intensifies further, the RSI value can achieve new highs. As the RSI indicator continues to move upwards, this signals stability in the market for now.

Dogecoin technical indicators: Levels and action

Daily simple moving average (SMA)

Daily exponential moving average (EMA)

What can you expect from the DOGE price analysis next?

Dogecoin price analysis gives out a bearish prediction regarding the ongoing market events. Its value has been reduced to $0.1090, following the decreasing trend. Overall, the cryptocurrency has lost up to 0.13% of its value in the past 24 hours. The selling activities are higher as compared to the buying activities, signifying substantial loss for Dogecoin. The technical indicators as well as 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 moved down to $0.1090 if observed over the last 24 hours. The descent observed over the last 24-hours 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 $0.124, $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

• 75% of Dogecoin holders are in profit at current price levels, despite the corrections observed recently, according to data from IntoTheBlock. It is astounding to observe that most holders have avoided losses in a time when the coin hasn’t made any significant moves. This indicates that things are not as bad as they seem, which is a strong bullish indication.
• On July 14, the cryptocurrency analytics provider IntoTheBlock’s whale metrics showed that major holders are acquiring large amounts of Dogecoin. Major Dogecoin wallets have seen an inflow of 417.68 million coins, while the outflow has decreased by 32 million. These whale accumulations suggest strong bullish sentiment, according to many market analysts.

Dogecoin price prediction August 2024

In August 2024, DOGE could maintain a trading range of $0.111 to $0.140, with an average price of $0.126.

Dogecoin price prediction 2024

In Q3 and Q4 of 2024, DOGE could maintain a trading range of $0.1402 to $0.1648, with an average price of $0.1464.

Dogecoin price predictions 2025 – 2030

Dogecoin price prediction 2025

According to the Dogecoin price forecast for 2025, traders can expect minimum and maximum prices of $0.2048 and $0.2479, and an expected average trading price of $0.2106.

Dogecoin price prediction 2026

Dogecoin’s forecast for 2026 presents an optimistic outlook for the coin. Traders can expect a maximum price of $0.3541, an average trading price of $0.3060, and a minimum price of $0.2976.

Dogecoin price prediction 2027

In 2027, DOGE could reach a maximum price of $0.4489, an average trading price of $0.4489, and a minimum price of $0.5213.

Dogecoin price prediction 2028

According to the Dogecoin price forecast for 2028, traders can expects a maximum price of $0.7689, an average trading price of $0.6587, and a minimum price of $0.6363.

Dogecoin price prediction 2029

Dogecoin’s forecast for 2029 presents an positive outlook for the memecoin. The maximum expected price is $1.11, with an average trading price of $0.9386. 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 $1.56, a minimum price of $1.33, and an average price of $1.38.

Dogecoin market price prediction: Analysts’ DOGE price forecast

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, 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.
• After June’s crashing price action when DOGE plunged to $0.122 from the $0.160 range, the month of July observed a further low of $0.107, but the meme coin recovered back to $0.134 by the end of the month.
• On 1st August 2024, Dogecoin is trading near the $0.12 range after dipping again.

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