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 $0.1012 low amidst descent

TL;DR Breakdown

• Dogecoin price analysis shows a downtrend around $0.1012.
• The Dogecoin has increased up to 2.13% from its previous close.
• DOGE prices are seeking resistance around the $0.1121 boundary.

On August 31, 2024, Dogecoin price analysis revealed a decreasing trend for the cryptocurrency. Coin value has been reduced to $0.1012 during the day, as the price took a downturn. However, the overall market sentiment remains positive. Cryptocurrency has gained up to 2.13% recovery in the past 24-hours. Nonetheless, currently the selling pressure is continuously rising, causing a sufficient decline in the coin value.

Dogecoin 1-day price chart: Cryptocurrency value deteriorates below $0.1012 low

The 1-day price chart of Dogecoin confirmed a downward trend for the cryptocurrency. Coin value has descended to $0.1012 low following the downswing. This decreasing movement signifies a bearish trend, as the selling pressure continues to override the buying pressure. Despite the increase in price yesterday, today the bears have secured a steady comeback.

The distance between the upper and lower limits of the Bollinger bands indicator determines market volatility. The bands are widening, indicating an increase in the volatility levels. Currently, the upper Bollinger band is present at $0.1121 high, securing the resistance threshold. The lower Bollinger band is situated at $0.0956, defining the support.

The Relative Strength Index (RSI) indicator is present within the neutral region. Its current value is at 43.79 and still moving downward; this signifies a bearish trend. The descending curve of the RSI indicator signals an instability within the market as the selling activities are intensifying once again. If the cryptocurrency experiences further loss, the RSI can move close to the oversold region.

DOGE/USD 4-hour price: DOGE revives up to $0.1012 after bullish takeover

The four-hour price analysis of Dogecoin confirms an increasing trend for the cryptocurrency. DOGE coin value has spiked up to $0.1012 following the uptrend in the last four hours. This signifies bullish supremacy, as the buying pressure is on the rising end. However, low chances of reversal are to be expected, considering the decrease in the volatility.

The Bollinger bands are narrowing down, which indicates a decrease in the volatility. This decline in volatility suggests a lower market unpredictability. Moving ahead, the upper limit of the Bollinger bands indicator, serving as the resistance band, is at $0.1024. However, the lower limit of the Bollinger bands indicator, serving as support, is at $0.0986.

The RSI indicator is hovering within the neutral region. Its current value is 48.01 and is moving upwards. This ascending movement of the RSI confirms a bullish comeback. Therefore, the buying activities are considerably higher as compared to the selling activities. This brings stability within the trading atmosphere, as the currency is now gaining.

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 current market scenario. The bears have taken over the market once again as the currency is losing. Coin value has been reduced to $0.1012 low today. However, it has gained up to 2.13% of recovery if observed overall. Today’s downturn has caused a significant loss in the cryptocurrency value. Therefore, if we talk about the technical indicators, then they are giving out a bearish signal. The price charts are confirming bearish supremacy as well; however, the bulls secured victory during the last four hours.

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 $0.1012 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.