Dogecoin Price Prediction: 2024, 2025, 2030

DOGE price prediction: Key highlights

1. Primary support and resistance levels

• On the weekly timeframe, $0.060 was the lowest support for the token.
• Meanwhile, $0.341 is likely the highest resistance for DOGE.

2. Market sentiment

• In July 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 $1 in 2027 and $140 in 2033.

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: Bearish reversal turns the market red

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 bulls rallying to challenge $0.078 by late July. However, the token faced rejection, bottoming out at the lowest floor of $0.060 by mid-August.
 

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, surpassing $0.078 in mid-November.

In December, the memecoin's ascent was halted after being rejected at $0.102, leading to a pullback to $0.078 by January. The bulls maintained this support for over a month, preventing further declines. The following month, bullish momentum intensified, 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 firmly established $0.140 as a new support level while encountering resistance at $0.198.

Toward the end of the month, the bulls briefly surpassed this high resistance mark. 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 was carried into June. A bearish breakdown compromised $0.140 by mid-month, with DOGE returning to $0.102 by July. A report by AMBCrypto revealed that traders holding open Dogecoin contracts experienced significant turbulence early in the month as total liquidations exceeded $5 million. As the analysis concluded, it was valued at $0.108.

AMBCrypto's six-month analysis of the liquidation heatmap revealed three distinct liquidity bands ranging from $0.1 to $0.112 for Dogecoin. In the first week of July, these bands were completely wiped out, prompting the memecoin to bounce back and retest this region as resistance.
 

The next nearest liquidity zone lies between $0.0745 and $0.079. Given the market trend and its proximity, this area is likely to draw the token towards it. Once this zone is breached, prices could be set to reverse bullishly.

In that case, a bull rally in Q3 2024 could push DOGE back to its yearly high. If DOGE manages to break above that level and sustain the rally, expecting the memecoin to reach $0.283 within this year could be a realistic possibility. Nevertheless, before DOGE reaches further highs, $0.341 can likely pose some challenges.

Our predictive models forecast a gradual increase in DOGE's price, with an average trading value of over $1 by 2027. By 2033, this figure is projected to rise significantly, reaching an average price of around $140.

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, as the price began declining, the volume also decreased, indicating investor caution.
• The Directional Movement Index (DMI) showed the +DI line falling below the -DI line as the token hit its lowest support level, with the ADX line remaining lower than both. From Q4 2023, both the +DI and ADX began to rise, while the -DI declined. 
• By mid-November, the ADX exceeded the -DI, and by January 2024, it had surpassed the +DI as well. Although the ADX briefly fell below the +DI from late February to mid-March, it quickly recovered. However, the +DI and ADX lines declined from late March and April, respectively, while the -DI increased, eventually surpassing the +DI by mid-June.
• The latest values registered were ADX at 27.7597, +DI at 16.0343, and -DI at 22.2902. The positions indicated a prominent downtrend.
• The Bollinger Bands initially remained contracted, with the price mainly below the 20-week Moving Average (MA), only briefly crossing it between July and August. By late October, the 20 MA turned into support, with price candles frequently crossing the upper band from November to December, triggering an expansion. 
• This expansion intensified as the price moved above the upper band a few times from late February through April. These overbought conditions led to a correction, with the price candles falling below the upper band and eventually dropping below the 20 MA by mid-June. By July, the candles were brushing up against the lower band, reflecting selling pressure in the market.