Key takeaways : DOGE price may reach $0.1324 by the end of 2024. By 2027, DOGE may potentially achieve a peak price of $0.4418. By 2030, DOGE might touch $1.36 with an average trading price of $1.18. 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 $0.416 Market Cap $61.17B Trading Volume $8.78B Circulating Supply 147.05B DOGE All-time High $0.7376 May 07, 2021 All-time Low $0.00008547 May 07, 2015 24-hour High $0.4379 24-hour Low $0.4109 Dogecoin price prediction: Technical analysis Price Prediction $0.164 Volatility 31.69% 50-Day SMA $ 0.246751 14-Day RSI 71.40 Sentiment Bullish Fear & Greed Index 81 (Extreme Greed) Green Days 19/30 (63%) 200-Day SMA 0.157881 Dogecoin price analysis: DOGE devalues to $0.416 amidst downside TL;DR Breakdown : Dogecoin price analysis confirmed a downward trend at $0.416. Cryptocurrency has gained up to 2.24% of value during the day. DOGE coin prices are targeting next resistance around $0.447. On December 3, 2024, Dogecoin price analysis confirmed a decreasing market trend for the cryptocurrency. Coin value has declined to $0.4156 in the last 24 hours. On the other hand, the cryptocurrency gained 2.24 percent of recovery during the day as well. The overall market sentiment remains positive; however, the bears secured a strong victory today. Dogecoin 1-day price chart analysis The one-day price chart of Dogecoin revealed a declining market trend for the currency. DOGE/USD value has depreciated down to a $0.416 low in the past 24 hours. However, the overall market sentiment still remains favorable for the bulls. Red candlesticks indicate that the market has been experiencing a downward momentum since yesterday. The gap between the Bollinger bands determines market volatility. As this volatility is widening, this indicates rising volatility levels. Moreover, the upper limit of the Bollinger Bands indicator, serving as the resistance band, has shifted to $0.447. Whereas, its lower limit, acting as the support band, has moved to $0.351 low. DOGE/USD price descends to $0.4156 amid a bearish market The Relative Strength Index (RSI) indicator lies close to the neutral region. Its value has deteriorated to index 63.85 in the past 24 hours. The decreasing curve marks a downward momentum and a rising selling pressure. This downward movement indicates that the market has entered a period of instability for now. DOGE/USD 4-hour price analysis The four-hour price chart of Dogecoin revealed a downward market trend for the cryptocurrency. DOGE/USD value has been reduced to a $0.415 low in the past four hours of the day. As the volatility is rising, this indicates relatively high chances of a reversal in the market trends. The Bollinger bands are expanding, referring to an increasing volatility. This increase in the volatility signals a higher market unpredictability for the coming hours. Moving on, the upper end of the Bollinger Bands indicator has shifted to $0.441, indicating the resistance point. Conversely, its lower end has moved to $0.410, signifying the availability of support. Dogecoin descends to $0.415 as the bears hold a strong position The RSI indicator is hovering within the neutral region. Its value has dropped down to 46.80 in the past few hours. This has resulted in a considerable loss, as the bears are now dominating the market. The selling activities have been intensifying for the past four hours, resulting in a sufficient decline. This decreasing price movement marks an unbalanced trading environment for the investors. Dogecoin technical indicators: Levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $ 0.314015 BUY SMA 5 $ 0.34452 BUY SMA 10 $ 0.378248 BUY SMA 21 $ 0.377068 BUY SMA 50 $ 0.246751 BUY SMA 100 $ 0.176531 BUY SMA 200 $ 0.157881 BUY Daily exponential moving average (EMA) Period Value Action EMA 3 $ 0.335872 BUY EMA 5 $ 0.285268 BUY EMA 10 $ 0.220665 BUY EMA 21 $ 0.170734 BUY EMA 50 $ 0.137078 BUY EMA 100 $ 0.126603 BUY EMA 200 $ 0.123481 BUY What can you expect from the DOGE price analysis next? Dogecoin price analysis confirmed a highly bearish prediction regarding the ongoing market events. Coin value has descended to a $0.416 low over the last 24 hours. On the other side, the cryptocurrency has gained up to 2.24% of value during the day as well. This confirms the overall market sentiment as bullish; however, today’s price prediction reveals a bearish trend. Technical indicators confirm the overall market sentiment with a bullish signal. However, the price charts continue to present a bearish outlook in line with the ongoing downward swing. 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 $0.416 as observed over the last 24 hours. Side by side, the presence of strong resistance at $0.446 mark is yet to be overcome 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’s 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 Doge coin, 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’s 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’s 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 CoinGlass data shows that Dogecoin’s trading volume has surged by more than 76%. The surge is attributed to significant whale activity. Analysts remain optimistic about Dogecoin and expect further upside in the coming days. Dogecoin recorded a 31% gain to lift its price to $0.28 over the weekend, maintaining its bullish momentum. Since November 2021, the token’s current price is the highest it has ever been. The value of the meme coin has increased by 155%, and it is currently double what it was a month ago. CoinGecko data indicates that Dogecoin has increased by 86% in the past week. The number is still well below the $0.71 mark, which was the peak established in May 2021. Read more about it here . Dogecoin price prediction December 2024 In December 2024, DOGE could maintain a trading range of $0.350 to $0.484, with an average price of $0.396. DOGE price prediction Minimum price Average price Maximum price DOGE price prediction December 2024 $0.350 $0.396 $0.484 Dogecoin price prediction 2024 In Q4 of 2024, DOGE could maintain a trading range of $0.1165 to $0.1324, with an average price of $0.1288. DOGE price prediction Minimum price Average price Maximum price DOGE price prediction 2024 $0.1165 $0.1288 $0.1324 Dogecoin price predictions 2025 – 2030 Year Minimum price Average price Maximum price 2025 $0.1783 $0.1835 $0.2201 2026 $0.2567 $0.2640 $0.3033 2027 $0.3704 $0.3836 $0.4418 2028 $0.5367 $0.5520 $0.6384 2029 $0.7723 $0.7943 $0.9394 2030 $1.14 $1.18 $1.36 Dogecoin price prediction 2025 According to the Dogecoin price forecast for 2025, traders can expect minimum and maximum prices of $0.1783 and $0.2201, and an expected average trading price of $0.1835. Dogecoin price prediction 2026 Dogecoin’s forecast for 2026 presents an optimistic outlook for the coin. Traders can expect a maximum price of $0.3033, an average trading price of $0.2640, and a minimum price of $0.2567. Dogecoin price prediction 2027 In 2027, DOGE could reach a maximum price of $0.4418, an average trading price of $0.3836, and a minimum price of $0.3704. Dogecoin price prediction 2028 According to the Dogecoin price forecast for 2028, traders can expects a maximum price of $0.6384, an average trading price of $0.5520, and a minimum price of $0.5367. Dogecoin price prediction 2029 Dogecoin’s forecast for 2029 presents an positive outlook for the memecoin. The maximum expected price is $0.9394, with an average trading price of $0.7943. The predicted minimum price for Dogecoin is $0.7723. Dogecoin price prediction 2030 According to the Dogecoin price forecast for 2030, traders and investors can anticipate a maximum market value of $1.36, a minimum price of $1.14, and an average price of $1.18. 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 $0.1165, an average of $0.1288, and a maximum of $0.1324. By 2030, DOGE may reach $1.36. 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 in September, DOGE recovered back to the $0.1282 range. October saw some recovery, as DOGE/USD recovered up to the $0.1759 range by the end of the month, and in November it spiked $0.4312. At the start of December, DOGE is trading near $0.4360 mark.
