DOGE, Dogecoin price prediction indicates that it may cross $0.2 in the short term and can event reach as high as $2 in the long term. However, a lot depends on political, regulatory and economic environments for Dogecoin to achieve its long-term targets.
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What is Dogecoin (DOGE)?
Dogecoin is the largest memecoin and has a market cap of $25 billion. The cryptocurrency was the very first memecoin and was created as a response to Bitcoin’s slow speed.
Fundamental Analysis
Dogecoin enjoys the status of being one of the most-bought cryptocurrencies and is the 8th largest cryptocurrency. Other than that, it also has gathered significant institutional interest, such as from Grayscale investments which has put Dogecoin on a list of potential investments.
Further, the support of Tesla founder Elon Musk has been helpful over the years. Elon has always maintained a moral support for Dogecoin.
Technical Analysis
Dogecoin has shown a major move in its daily and weekly charts. It has broken out of the resistance at $0.14, which it has been unable to do since June 2024.
Further, Dogecoin has shown two bullish indications on RSI and MACD. Its RSI broke out of the 70 level on 28 October 2024. A breakout above 70 is usually considered super bullish and indicates that Dogecoin might soon cross its 2024 high of $0.2.
Further DOGE’s MACD has also shown a second order divergence on 26 Oct 2024. This second order divergence is considered super bullish and in this case has the potential to take DOGE 15% upwards.
Finally, when Dogecoin reaches $0.2, it will complete a rounding bottom pattern which can further take Dogecoin’s price towards $0.3.
However, a lot depends on macroeconomic factors like the US Fed interest rates, geopolitical factors like the conflict in the Middle East and the poltical factors like EU policies, Chinese opening up to crypto and the US elections in 2024.
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Dogecoin Price Prediction
Dogecoin’s short term price prediction indicates a rally towards $0.2 while in the long term it may cross $1.
Dogecoin Price Prediction 2024
In the short term Dogecoin looks prime to recover its 2024 highs which will make it cross $0.2 by the end of November or December 2024.
DOGE Price Prediction 2025
We expect an altcoin rally in 2025 based on the historical occurrence of an altcoin season after Bitcin halving. This altcoin season could take Dogecoin above $0.35 and its price can even surge to $0.4.
Dogecoin Price Prediction 2026
By the peak of the altcoin season in 2026, Dogecoin might achieve $0.5 mark.
DOGE Price Prediction 2027
If the global regulatory agencies create a supportive environment for crypto markets, DOGE could surge to $0.75, above its ATH of $0.73.
DOGE Price Prediction 2028
The year 2028 will unveil the fifth Bitcoin halving event. Just like 2024, it will have a pre-halving rally that can take Dogecoin above $0.85. If the markets get more bullish in the early part of the year, Dogecoin could even cross $1 by the end of 2028.
Dogecoin Price Prediction 2029
In the year 2029, we can expect another alcoin rally following the Bitcoin halving of 2028. Further, if the US elections turn out in favor of the crypto markets, it may send Dogecoin towards $0.9 or even above $1.
DOGE Price Prediction 2030
In the long term Dogecoin is expected to easily cross $1. If the markets remain supportive of its growth, DOGE could see a rally towards $2.
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