Key takeaways:
- DOGE price may reach $0.1543 by the end of 2024.
- By 2027, DOGE may potentially achieve a peak price of $0.5581.
- By 2030, DOGE might touch $1.84 with an average trading price of $1.56.
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 | $0.1271 |
| Market Cap | $18,569,324,537 |
| Trading Volume | $1,313,951,653 |
| Circulating Supply | 146,157,296,384 DOGE |
| All-time High | $0.7376 May 07, 2021 |
| All-time Low | $0.00008547 May 07, 2015 |
| 24-h High | $0.132 |
| 24-h Low | $0.1226 |
Dogecoin price prediction: Technical analysis
| Price Prediction | $0.164 |
| Volatility | 5.22% |
| 50-Day SMA | $ 0.113525 |
| 14-Day RSI | 48.00 |
| Sentiment | Bearish |
| Fear & Greed Index | 29 (Fear) |
| Green Days | 12/30 (40%) |
| 200-Day SMA | 0.132377 |
Dogecoin price analysis: Dogecoin devalues to $0.1271 amidst descent
TL;DR Breakdown:
- Dogecoin price analysis confirms a downward trend at $0.1271.
- The cryptocurrency has lost up to 2.54% of its value during the day.
- Dogecoin prices are seeking support around the $0.12553 mark.
On September 29, 2024, Dogecoin price analysis confirmed a downward trend for the cryptocurrency. Coin value has dropped down to $0.1271 low in the past 24-hours. Side by side, overall, the cryptocurrency has lost up to 2.54% of its value today. The past week remained highly favorable for the bulls, however; today the bears have bounced back.
Dogecoin 1-day price chart analysis
The 1-day price chart of Dogecoin revealed a decreasing trend for the currency today. Coin value has descended to $0.1271 during the day. Side by side, the overall market sentiment remained on the negative end as well. Considering the earlier upswing, the cryptocurrency value still resides above its moving average value.
The gap between the Bollinger bands defines market volatility. As this gap is currently widening, this indicates an increase in the volatility. Moreover, the upper end of the Bollinger bands indicator has shifted to $0.1255 high, securing the support point. Whereby, the lower end of the Bollinger bands indicator has moved to a $0.0921 low, indicating the support levels.
The Relative Strength Index (RSI) indicator is situated in the overbought region. The earlier intensifying bullish wave has led the RSI beyond the overbought threshold, i.e., 70. Currently at 71.74, however, moving downwards, this indicates a bearish trend. Moreover, the sharp ascending curve on the RSI graph defines substantial progress for the bulls in the past week.
DOGE/USD 4-hour price analysis: Cryptocurrency seeks bullish recovery above $0.1271
The four-hour price analysis of Dogecoin confirmed an increasing trend for the cryptocurrency. Coin value has advanced up to $0.1271 high in the past four hours. Despite the earlier decreases, in the past four hours, the market events remained in favor of the bulls.
The Bollinger bands are shrinking, referring to a declining volatility. This decreasing volatility refers to lower market unpredictability. Moreover, the upper limit of the Bollinger bands indicator is at $0.1334, signaling the resistance. Whereas, the lower limit of the Bollinger bands indicator is at $0.1128, securing the support.
The RSI indicator is present close to the overbought region at 61.22. The ascending movement of the RSI indicator confirms a bullish trend. This increasing movement signifies that the buying activities are currently dominating over the selling activities. In the earlier hours of the day, the bears remained on the ruling end. However, in the past four hours, the market entered a period of stability.
Dogecoin technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value | Action |
| SMA 3 | $ 0.099725 | BUY |
| SMA 5 | $ 0.10051 | BUY |
| SMA 10 | $ 0.105602 | SELL |
| SMA 21 | $ 0.105975 | SELL |
| SMA 50 | $ 0.113525 | SELL |
| SMA 100 | $ 0.125154 | SELL |
| SMA 200 | $ 0.132377 | SELL |
Daily exponential moving average (EMA)
| Period | Value | Action |
| EMA 3 | $ 0.103655 | SELL |
| EMA 5 | $ 0.103264 | SELL |
| EMA 10 | $ 0.103463 | SELL |
| EMA 21 | $ 0.106438 | SELL |
| EMA 50 | $ 0.114288 | SELL |
| EMA 100 | $ 0.123049 | SELL |
| EMA 200 | $ 0.123853 | SELL |
What can you expect from the DOGE price analysis next?
Dogecoin price analysis for the day gives out a highly bearish prediction regarding the ongoing market events. Coin value has receded to $0.1271 in the last 24-hours. Moreover, the cryptocurrency has lost up to 2.54% of its value during the day. The past week proved highly favorable towards the buyers; however, today the circumstances turned in support of the sellers. Technical indicators favor the bulls, however; the price charts are giving out a negative verdict.
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 $0.1271 as observed over the last 24 hours. However, the presence of strong resistance at $0.1253 mark has been successfully 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 is 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 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 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
- Glauber Contessoto, a crypto trader known for being a Dogecoin millionaire, said he expects a meme coin bull run in 2025. He made some bold predictions about DOGE and PEPE, saying these will be the two biggest meme narratives for 2025.
- 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 September 2024
In September 2024, DOGE could maintain a trading range of $0.0956 to $0.1121, with an average price of $0.1039.
| DOGE price prediction | Minimum price | Average price | Maximum price |
| DOGE price prediction September 2024 | $0.0956 | $0.1039 | $0.1121 |
Dogecoin price prediction 2024
In Q3 and Q4 of 2024, DOGE could maintain a trading range of $0.1428 to $0.1543, with an average price of $0.1477.
| DOGE price prediction | Minimum price | Average price | Maximum price |
| DOGE price prediction 2024 | $0.1428 | $0.1477 | $0.1543 |
Dogecoin price predictions 2025 – 2030
| Year | Minimum price | Average price | Maximum price |
| 2025 | $0.2005 | $0.2064 | $0.2433 |
| 2026 | $0.3170 | $0.3273 | $0.3527 |
| 2027 | $0.4685 | $0.4849 | $0.5581 |
| 2028 | $0.7202 | $0.7395 | $0.8207 |
| 2029 | $1.07 | $1.10 | $1.24 |
| 2030 | $1.51 | $1.56 | $1.84 |
Dogecoin price prediction 2025
According to the Dogecoin price forecast for 2025, traders can expect minimum and maximum prices of $0.2005 and $0.2433, and an expected average trading price of $0.2064.
Dogecoin price prediction 2026
Dogecoin’s forecast for 2026 presents an optimistic outlook for the coin. Traders can expect a maximum price of $0.3527, an average trading price of $0.3273, and a minimum price of $0.3170.
Dogecoin price prediction 2027
In 2027, DOGE could reach a maximum price of $0.5581, an average trading price of $0.4849, and a minimum price of $0.4685.
Dogecoin price prediction 2028
According to the Dogecoin price forecast for 2028, traders can expects a maximum price of $0.8207, an average trading price of $0.7395, and a minimum price of $0.7202.
Dogecoin price prediction 2029
Dogecoin’s forecast for 2029 presents an positive outlook for the memecoin. The maximum expected price is $1.24, with an average trading price of $1.10. 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 $1.84, a minimum price of $1.51, and an average price of $1.56.
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 on September 1, DOGE was trading in the $0.0988 range.
