Dogecoin price prediction 2024-2030: DOGE to the moon?

CryptopolitanSep 29, 2024 12:50 PM

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.

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.

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.

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.

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.

The 2 Biggest Meme Narratives for 2025

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…

— SlumDOGE Millionaire (@ProTheDoge) September 16, 2024
  • 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.

DOGE price prediction 2024 -2030

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

Dogecoin price history

  • 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.
Reviewed byTony
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