- Bullish DOGE price prediction is $0.09906 to $0.17322.
- Dogecoin (DOGE) price might also reach $0.3 soon.
- Bearish DOGE price prediction for 2022 is $0.04931.
In Dogecoin (DOGE) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about DOGE to analyze the future movement of the cryptocurrency.
Dogecoin (DOGE) Current Market Status
| Current Price | $0.086071 |
| 24 – hour trading volume | $977,801,082 |
| 24 – hour price change | 5.2% up |
| Circulating supply | 138,147,436,383 |
| All – Time High | $0.731578(On May 08, 2021) |
DOGE Current Market Status (Source: CoinGecko)
What is Dogecoin (DOGE)?
Dogecoin (DOGE) is a popular meme coin that was forked from Litecoin in December 2013. The coin was created by Billy Markus and Jackson Palmer from a viral meme of the dog breed, Shiba Inu. DOGE continues to exist as a peer-to-peer and open-source cryptocurrency.
Unlike Bitcoin, Dogecoin uses a proof-of-work (PoW) consensus mechanism that is based on the Scrypt algorithm. This confers less block time for the Dogecoin network. Bitcoin takes up to 10 minutes to process a block whereas, in Dogecoin, the block time is 1 minute.
This meme coin is recognized as the favorite crypto of Tesla CEO Elon Musk. Musk’s tweet on Dogecoin and his ceaseless support for it seems to accelerate significant price rallies for the meme coin.
Dogecoin (DOGE) Price Prediction 2023
Dogecoin (DOGE) holds the 9th position on CoinGecko right now. DOGE price prediction 2023 is explained below with a daily time frame.
The above chart of Dogecoin (DOGE) laid out the Horizontal channel pattern. 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, 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.
Currently, Dogecoin (DOGE) is in the range of $0.08299. If the pattern continues, the price of DOGE might reach the resistance levels of $0.08822,$0.09776 and $0.12184. If the trend reverses, then the price of DOGE may fall to $0.07934.
Dogecoin (DOGE) Support and Resistance Levels
The chart below shows the support and resistance levels of Dogecoin (DOGE).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Dogecoin (DOGE).
| Resistance Level 1 | $0.09906 |
| Resistance Level 2 | $0.17322 |
| Resistance Level 3 | $0.06913 |
| Support Level | $0.04931 |
The charts show that Dogecoin (DOGE) has performed a bullish trend over the past month. If this trend continues, DOGE might run along with the bulls overtaking its resistance level at $0.17322.
Accordingly, if the investors turn against the crypto, the price of Dogecoin (DOGE) might plummet to almost $0.04931, a bearish signal.
Dogecoin (DOGE) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Dogecoin (DOGE) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of DOGE lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Dogecoin (DOGE) is shown in the chart above. Notably, Dogecoin (DOGE) price lies above 50 MA (short-term), so it is completely in an uptrend. Currently, DOGE has entered a bullish state. Therefore, there is a possibility of a reversal trend of DOGE at any time.
Meanwhile, the relative strength index (RSI) of the DOGE is 45.08. This means that Dogecoin (DOGE) is in an oversold state. However, this means a major price reversal of DOGE may occur in the upcoming days. So, traders need to trade carefully.
Dogecoin (DOGE) Price Prediction 2023 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Dogecoin (DOGE). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Dogecoin (DOGE). Currently, the ADX of DOGE lies in the range of 23.23 and thus, it indicates a weak trend.
The above chart also represents the Relative Volatility Index (RVI) of Dogecoin (DOGE). RVI measures the constant deviation of price changes over a period of time. The RVI of DOGE lies below 50, indicating low volatility. In fact, the RSI of Dogecoin (DOGE) is at 45.08 thus confirming a potential buy signal.
Comparison of DOGE with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).
From the above chart, we can interpret that the price actions of DOGE is a similar trend with respect to BTC and ETH. This indicates that when the price of BTC and ETH increases , the price of DOGE increases. And when the price of BTC and ETH decreases, the price of DOGE decreases.
Dogecoin (DOGE) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s check what Dogecoin (DOGE) will price between 2024 and 2030.
Dogecoin (DOGE) Price Prediction 2024
If the declining price action completely slows down in momentum and the trend reverses, Dogecoin (DOGE) might probably attain $1 by 2024.
Dogecoin (DOGE) Price Prediction 2025
With several upgrades in the network, Dogecoin (DOGE) might enter a bullish trajectory. If the coin grabs the attention of major investors, DOGE might rally to hit $3 by 2025.
Dogecoin (DOGE) Price Prediction 2026
If Dogecoin (DOGE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, DOGE would rally to hit $5.
Dogecoin (DOGE) Price Prediction 2027
If Dogecoin (DOGE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, DOGE would rally to hit $7.
Dogecoin (DOGE) Price Prediction 2028
If Dogecoin (DOGE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, DOGE would rally to hit $9
Dogecoin (DOGE) Price Prediction 2029
Dogecoin (DOGE) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, DOGE would hit $11 in 2029.
Dogecoin (DOGE) Price Prediction 2030
If investors flock in and continue to place their bets on Dogecoin (DOGE), it would witness major spikes. DOGE might hit $13 by 2030.
Conclusion
With continuous improvements in the Dogecoin network, we can say that 2023 is a good year for DOGE. For this reason, the bullish price prediction of Dogecoin (DOGE) in 2023 is $0.17322. On the other hand, the bearish price prediction of Dogecoin (DOGE) price prediction for 2023 is $0.04931.
Furthermore, with the advancements and upgrades to the Dogecoin ecosystem, the performance of DOGE would help to reach above its current all-time high (ATH) of $0.731578. very soon. But, it might also reach $0.3 if the investors believe that DOGE is a good investment in 2023.
FAQ
1. What is Dogecoin (DOGE)?
Dogecoin (DOGE) is the pioneer memecoin that hit the markets in late 2013. It was born out of a viral dog meme. Dogecoin network was a fork of Litecoin.
2. Where can you purchase Dogecoin (DOGE)?
Dogecoin (DOGE)has been listed on many crypto exchanges which include Binance, Coinbase Exchange, KuCoin, Bitfinex.
3. Will Dogecoin (DOGE) reach a new ATH soon?
With the ongoing developments and upgrades within the Dogecoin platform, DOGE has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Dogecoin (DOGE)?
On May 08, 2021 Dogecoin (DOGE) reached its new all-time high (ATH) of $0.731578.
5. Is Dogecoin (DOGE) a good investment in 2023?
Dogecoin (DOGE) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Dogecoin in the past few months, DOGE is considered a good investment in 2023.
6. Can Dogecoin (DOGE) reach $0.3?
Dogecoin (DOGE) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Dogecoin (DOGE) will hit $0.3 soon.
7. What will be Dogecoin (DOGE) price by 2024?
Dogecoin (DOGE) price is expected to reach $1 by 2024.
8. What will be Dogecoin (DOGE) price by 2025?
Dogecoin (DOGE) price is expected to reach $3 by 2025.
9. What will be Dogecoin (DOGE) price by 2026?
Dogecoin (DOGE) price is expected to reach $5 by 2026.
10. What will be Dogecoin (DOGE) price by 2027?
Dogecoin (DOGE) price is expected to reach $7 by 2027.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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