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 August 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 2032 and $2 in 2035.

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: Is the downtrend nearing its end?

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 facing rejection at $0.077 and 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 the former in mid-November.

The memecoin's ascent was halted in December after decisively failing to move over $0.099. 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 $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 continued into June. A bearish breakdown compromised $0.140 by mid-month, with DOGE returning to $0.099 by July. A mid-month attempt to rally was stifled at the former support-turned-resistance, redirecting it back to the latter base. As the analysis concluded, it was valued at $0.101. 
 

Despite the declines, AMBCrypto recently reported that many analysts cite DOGE's historical cycles as evidence of a predictable pattern for recovery. One among these suggested that the memecoin could recover by surging 400%, mirroring its 2020 performance. Another report suggested that the recent lows are likely the bottom for this cycle, with DOGE not expected to drop to the $0.07-$0.06 range.

Meanwhile, AMBCrypto’s analysis of the liquidation heatmap indicated that liquidations could spike around $0.137. Thus, in a bullish rally, DOGE could initially target this level. A strong bull run in Q3 2024 could push DOGE back to its yearly high. 

If it manages to break above that level and sustain the rally, the memecoin reaching $0.283 within this year could be a realistic possibility. Nevertheless, $0.341 can pose some challenges before DOGE reaches further highs.
 

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 $1 by 2032. By 2035, this figure will rise modestly, reaching an average price of around $2. 

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.
• 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 rose, while the -DI declined and dropped below the former. 
• 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. 
• After a momentary dip below the latter, the -DI emerged dominant in August. The latest values registered were the ADX at 23.1038, +DI at 17.2266, and -DI at 26.0603. The positions indicated a prominent downtrend.
• The Bollinger Bands initially remained contracted, and the price dropped below the 20-week Moving Average (MA) in mid-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 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.