Dogecoin Price Prediction: 2024, 2025, 2030

DOGE price prediction: Key highlights

1. Primary support and resistance levels

• On the weekly time frame, $0.060 was the lowest support for the token.
• Meanwhile, $0.198 was the highest resistance for DOGE.

2. Market sentiment

• As of September 2024, DOGE is observed to be in a bearish market.

3. Predictive forecasts

• Based on our AI/ML predictive algorithms, DOGE’s average price is anticipated to exceed $0.30 in 2031 and $0.50 in 2034.

Discover essential insights on DOGE via an extensive weekly technical analysis, followed by predictions for 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 price recover?

Throughout the past year, DOGE has displayed significant volatility, characterized by rallies and corrections. The latest market downturn prompts a closer examination of the Dogecoin price prediction in 2024.

The analysis commenced with the token stabilized at the lowest floor of $0.060. This level was compromised momentarily in October. Nonetheless, a notable reversal occurred later in the month as the bulls regained control. This momentum allowed buyers to drive the price upward, reclaiming $0.077 in mid-November.

The memecoin's ascent was halted in mid-December after slightly moving over $0.093. This led to a pullback to $0.077 by January. The bulls maintained this support for over a month, preventing further declines. Bullish momentum intensified the following month, with substantial buying pressure.

This effort resulted in a significant price pump by the end of February, pushing the asset beyond the previous level. As March began, DOGE flipped $0.140 while encountering resistance at the yearly high barrier of $0.198.

Toward the end of the month, the bulls briefly surpassed this resistance. However, as April began, DOGE faced a downturn, dropping below $0.166. The price then fluctuated between this new resistance and $0.140. AMBCrypto highlighted DOGE's robust performance in May, noting its double-digit growth. Despite this, the month concluded on a weaker note, with its weekly chart closing in the red.

This pessimism continued into June. A bearish breakdown compromised $0.140 by mid-month, with DOGE returning to $0.093 by July. A mid-month attempt to rally was stifled at the former support-turned-resistance, redirecting it back to the latter base by August. As the analysis concluded, it was valued at $0.095. 
 

AMBCrypto recently highlighted a bullish divergence on the shorter time frame. If this holds, the price could increase. A successful breakout above $0.100 could propel Dogecoin towards $0.110 and potentially $0.130. However, liquidations will likely increase near $0.100, leading to price corrections. Thus, sustaining a price above this level is crucial for continuing the bull rally. 

Furthermore, reclaiming $0.140 in the higher time frame would bullishly change the market structure. This can likely pave the way for the retest of the yearly high.
 

Conversely, the current support's resilience will be tested if bearish trends persist. Given the market trend, $0.077 will likely be retested as support.

Our predictive models forecast a gradual increase in DOGE's price, with an average trading value of over $0.30 by 2031. This figure is expected to rise modestly by 2034, reaching an average price of around $0.50. 

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

• The price rallies over the past year were supported by a surge in trading volume, particularly from late February. However, the volume decreased as the price declined, indicating investor caution.
• In the Directional Movement Index (DMI), the +DI and ADX line rose to overtake the -DI line by late October and mid-November, respectively. Furthermore, the ADX line exceeded the +DI line between January, mid-February, and mid-March.
• However, both lines declined from late March and April, respectively, while the -DI increased, eventually surpassing the +DI by mid-June. After a momentary dip below the latter, the -DI emerged dominant in August. 
• The latest values registered were the ADX at 21.8652, +DI at 16.1845, and -DI at 23.9115. The positions indicated a prominent downtrend.
• The Bollinger Bands’ contraction reversed after the 20-week Moving Average (MA) became support in late October. Moreover, the candles frequently crossed the upper band between November and December.
• The expansion intensified as the price moved above the latter again from late February through April. These overbought conditions led to a correction, with the price candles falling below the upper band in early April and the 20 MA by mid-June. The candles’ frequent contact with the lower band reflected substantial selling pressure in the market.