- Bullish DOGE price prediction for 2024 is $0.48884 to $1.17856.
- Dogecoin (DOGE) price might reach $2 soon.
- Bearish DOGE price prediction for 2024 is $0.08879.
In this Dogecoin (DOGE) price prediction 2024, 2025-2030, we will analyze the price patterns of DOGE by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
DOGECOIN (DOGE) PRICE PREDICTION 2024 |
|
| Dogecoin (DOGE) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
Dogecoin (DOGE) Current Market Status
| Current Price | $0.4118 | 24 – Hour Price Change | 3.49% Up |
| 24 – Hour Trading Volume | $6.19B |
| Market Cap | $60.64B |
| Circulating Supply | 147.16B DOGE | All – Time High | $0.7376 (On May 08, 2021) |
| All – Time Low | $0.00008547 (On May 07, 2015) |
What is Dogecoin (DOGE)
| TICKER | DOGE |
| BLOCKCHAIN | Ethereum Blockchain |
| CATEGORY | Open-source digital currency |
| LAUNCHED ON | December, 2013 |
| UTILITIES | Governance, tipping system, gas fees & rewards |
Dogecoin (DOGE) is a well-known meme coin, which originated as a fork of Litecoin in December 2013. The coin was created by Billy Markus and Jackson Palmer, inspired by the viral “Doge” meme featuring the Shiba Inu dog breed. It operates as a peer-to-peer and open-source cryptocurrency.
In contrast to Bitcoin, Dogecoin utilizes a proof-of-work (PoW) consensus mechanism based on the Scrypt algorithm, resulting in faster block processing times. While Bitcoin takes around 10 minutes to process a block, Dogecoin achieves this in just 1 minute.
Notably, Tesla CEO Elon Musk has publicly expressed his fondness for Dogecoin, and his tweets and continuous support have played a significant role in driving notable price surges for the meme coin. Elon Musk’s involvement and endorsements have contributed to the widespread recognition and popularity of Dogecoin in the cryptocurrency community.
Dogecoin 24H Technicals
Dogecoin (DOGE) Price Prediction 2024
Dogecoin (DOGE) ranks 7th on CoinMarketCap in terms of its market capitalization. The overview of the Dogecoin price prediction for 2024 is explained below with a daily time frame.
In the above chart, Dogecoin (DOGE) laid out a Horizontal Channel pattern. also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, the line which connects the lows, run horizontally parallel and the price action is contained within it.
A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation.
At the time of analysis, the price of Dogecoin (DOGE) was recorded at $0.41799. If the pattern trend continues, then the price of DOGE might reach the resistance levels of $0.42260, and $0.48346, and $0.63699. If the trend reverses, then the price of DOGE may fall to the support level of $0.36694.
Dogecoin (DOGE) Resistance and Support Levels
The chart given below elucidates the possible resistance and support levels of Dogecoin (DOGE) in 2024.
From the above chart, we can analyze and identify the following as resistance and support levels of Dogecoin (DOGE) for 2024.
| Resistance Level 1 | $0.48884 |
| Resistance Level 2 | $1.17856 |
| Support Level 1 | $0.22952 |
| Support Level 2 | $0.08879 |
Dogecoin (DOGE) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Dogecoin (DOGE) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current Dogecoin (DOGE) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $0.32125 Price = $0.41872 (50MA < Price) | Bullish/Uptrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 55.84640 <30 = Oversold 50-70 = Neutral >70 = Overbought | Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
Dogecoin (DOGE) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of Dogecoin (DOGE) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of Dogecoin (DOGE).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 44.97143 | Very Strong Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 64.70 <50 = Low >50 = High | High volatility |
Comparison of DOGE with BTC, ETH
Let us now compare the price movements of Dogecoin (DOGE) with that of Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret that the price action of DOGE is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of DOGE also increases or decreases respectively.
Dogecoin (DOGE) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Dogecoin (DOGE) between 2025, 2026, 2027, 2028, 2029 and 2030.
| Year | Bullish Price | Bearish Price |
| Dogecoin (DOGE) Price Prediction 2025 | $2.4 | $0.07 |
| Dogecoin (DOGE) Price Prediction 2026 | $2.8 | $0.06 |
| Dogecoin (DOGE) Price Prediction 2027 | $3.2 | $0.05 |
| Dogecoin (DOGE) Price Prediction 2028 | $3.6 | $0.04 |
| Dogecoin (DOGE) Price Prediction 2029 | $4 | $0.03 |
| Dogecoin (DOGE) Price Prediction 2030 | $4.4 | $0.02 |
Conclusion
If Dogecoin (DOGE) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Dogecoin (DOGE) price prediction for 2024 is $1.17856. Comparatively, if unfavorable sentiment is triggered, the bearish Dogecoin (DOGE) price prediction for 2024 is $0.08879.
If the market momentum and investors’ sentiment positively elevate, then Dogecoin (DOGE) might hit $2. Furthermore, with future upgrades and advancements in the Dogecoin ecosystem, DOGE might surpass its current all-time high (ATH) of $0.7376 and mark its new ATH.
FAQ
1. What is Dogecoin (DOGE)?
Dogecoin (DOGE) is the pioneer meme coin that hit the markets in late 2013. It was born out of a viral dog meme. The Dogecoin network was a fork of Litecoin.
2. Where can you purchase Dogecoin (DOGE)?
Traders can trade Dogecoin (DOGE) on the following cryptocurrency exchanges such as Binance, OKX, Deepcoin, Bitrue, and Bybit.
3. Will Dogecoin (DOGE) reach a new ATH soon?
With the ongoing developments and upgrades within the Dogecoin platform, Dogecoin (DOGE) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Dogecoin (DOGE)?
Dogecoin (DOGE) hit its current all-time high (ATH) of $0.7376 on May 08, 2021.
5. What is the lowest price of Dogecoin (DOGE)?
According to CoinMarketCap, DOGE hit its all-time low (ATL) of $0.00008547 on May 07, 2015.
6. Will Dogecoin (DOGE) reach $2?
If Dogecoin (DOGE) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $2 soon.
7. What will be Dogecoin (DOGE) price by 2025?
Dogecoin (DOGE) price is expected to reach $2.4 by 2025.
8. What will be Dogecoin (DOGE) price by 2026?
Dogecoin (DOGE) price is expected to reach $2.8 by 2026.
9. What will be Dogecoin (DOGE) price by 2027?
Dogecoin (DOGE) price is expected to reach $3.2 by 2027.
10. What will be Dogecoin (DOGE) price by 2028?
Dogecoin (DOGE) price is expected to reach 3.6 by 2028.
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Disclaimer: The opinion expressed in this article is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
