Dogecoin Price Prediction: 2024, 2025, 2030

DOGE price prediction: Key highlights

1. Primary support and resistance levels

• On the weekly timeframe, $0.06 was observed to be the lowest price floor for the token.
• Meanwhile, $0.37 can likely prove to be the highest resistance for DOGE.

2. Market sentiment

• In June 2024, DOGE is observed to be in a bullish market.

3. Predictive forecasts

• Based on our AI/ML predictive models, DOGE is anticipated to be traded at an average price of over $1 in 2026 and $100 in 2032.

Given below is a comprehensive weekly technical analysis of DOGE, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

DOGE technical analysis: Can the memecoin retrace its previous gains?

Throughout the observed period, DOGE exhibited significant volatility, characterized by a series of rallies and corrections. The latest drops amid the bull run prompt a closer examination of Dogecoin's price prediction for 2024.

The analysis commenced with the bulls attempting to elevate the price from its yearly low support at $0.06. This effort culminated in the token testing $0.07 as July ended. Nonetheless,  it faced rejection, bottoming out at the lowest floor by mid-August.
 

This level faltered momentarily in October. Nevertheless, a significant turnaround occurred in the latter half of the month. The bulls regained ground. Using the lowest support as a springboard, buyers pushed the price up, breaching $0.07 by mid-November.

In December, the memecoin’s northward journey was thwarted. This precipitated a retracement to its support at $0.07 by January. The bulls robustly defended this support zone for more than a month, staving off further downtrend. In the subsequent month, bullish forces made a concerted effort to catalyze an upward price trajectory. 

This endeavor culminated in a significant price surge towards the end of February, propelling the asset to new highs. As March entered, DOGE successfully redefined the $0.13 mark as a solid support base, concurrently reaching a new resistance level at $0.19. 
 

Towards the end of the month, the bulls pushed the price briefly past this high resistance. Yet, as April unfolded, DOGE started its journey to the bottom. The corrective drop brought the dog-themed token below $0.16 by mid-month. Since then, the price has consolidated between this resistance and the $0.13 support. 

AMBCrypto noted that DOGE showed impressive performance in May, achieving double-digit growth. However, it didn't finish the month strongly, as its weekly chart ended in the red. A closer look at technical indicators suggested that consolidation may continue in the short term. As the analysis concluded, the token was trading at $0.14.

AMBCrypto’s examination of Hyblock Capital revealed immediate targets for DOGE. If it gains bullish momentum, its price might first reach $0.16 as liquidation increases at that level. Typically, a rise in liquidation results in a price correction. 

Looking ahead, a bull rally in June could push DOGE back to its April high of $0.21. If DOGE breaks above that level and sustains the rally, anticipating the memecoin to reach $0.28 in June wouldn't be unrealistic. Nevertheless, before DOGE reaches further highs, $0.37 can likely pose some challenges.

Meanwhile, a bearish breakdown will compromise $0.13. A prolonged downtrend can push the token below the critical $0.10 mark, with prospects of going as low as $0.07. 

Our predictive models anticipate a steady rise in DOGE’s price, trading at an average of more than $1 in 2026. By 2032, this number is expected to increase by 100x, bringing the average price to an astonishing $100.

DOGE's 2024 roadmap: Key indicators to watch and trade

• The bullish rallies observed throughout the past year were buoyed by increased trading volume, especially from late February. This suggested strong investor interest during uptrends.
• As the price dropped, the volume also waned. This pointed to investor’s wait-and-see approach before a decisive breakout.
• The Bollinger Bands began to widen again towards the end of 2023 in response to the uptrend, signaling a rise in market volatility. Notably, the price slightly crossed the upper band in mid-November and then again in December.
• Towards the end of February, the price again moved over the upper band, signaling overbought conditions. As a correction materialized in April, the price candles again fell below the upper band.
• The 20-week Moving Average (MA) was predominantly above the price till Q3 2023, with a brief exception from the end of July to August. 
• Starting in late October, the price has consistently stayed above this MA, although it was seen dropping closer to it in early 2024, briefly in April, and lastly in June. This highlighted potential weakness in the bullish sentiment.
• The Directional Movement Index (DMI) revealed that the +DI line dipped below the -DI line twice, corresponding with the token revisiting its lowest support level. Meanwhile, the ADX remained below both lines. From Q4 2023, the +DI and ADX started ascending, whereas the -DI took the opposite route.
• In mid-November, the ADX surpassed the -DI; by January 2024, it moved above the +DI. Between the latter half of February and mid-March, although the ADX dipped below the +DI, it quickly regained its position above it. 
• From late March and April, the +DI line and the ADX were seen descending, respectively, with -DI trending upwards. The latest values registered were ADX at 35.7026, +DI at 21.0885, and -DI at 15.3162. The positions indicated a potential shift or fluctuation in the trend's strength, but the market was still predominantly in a strong uptrend.