Key takeaways:
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.
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 |
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 |
TL;DR Breakdown:
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.
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.
DOGE/USD price descends to $0.1271 amid a bearish market
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.
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.
Dogecoin ascends to $0.1271 as the bulls hold a strong position
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.
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 |
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 |
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.
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.
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.
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.
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.
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.
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.
The 2 Biggest Meme Narratives for 2025
— SlumDOGE Millionaire (@ProTheDoge) September 16, 2024
I strongly believe the memecoin bullrun in 2025 will be based around 2 main meme universes.
Pay attention ??
1. The most popular of the 2 in my opinion being anything involving $PEPE
Pretty much the “PEPEVERSE” if you will
This…
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 |
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 |
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 |
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’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.
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.
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’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.
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.
DOGE price prediction 2024 -2030
Firm Name | 2024 | 2025 |
Changelly | $0.149 | $0.3448 |
DigitalCoinPrice | $0.36 | $0.41 |
CoinPedia | $0.3392 | $1.07 |
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 price history