Dogecoin Price Prediction – Will DOGE Price Hit $1 Soon?
- Bullish DOGE price prediction ranges from $0.27 to $0.70.
- DOGE price might also reach $1 soon.
- DOGE bearish market price prediction for 2022 is $0.0617.
This Dogecoin Price Prediction article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our DOGE price analysis and prediction.
Dogecoin is one of the cryptocurrencies in the crypto world that continues to make noise. As a result, investors around the world are now closely monitoring the progress of the controversial cryptocurrency. In terms of trading volume, DOGE has a 24-hour trading volume that is around $1.11 billion presently.
Furthermore, the DOGE cryptocurrency is also famous in the Reddit community. For this reason, many participants of Reddit tend to join the Dogecoin craze lately. In addition, the massive participation of Reddit users has influenced the price of crypto lately together with intermediate tweets from Elon Musk.
Now that we are familiar with Dogecoin, do you think DOGE can continue its uptrend position this year considering that it gave its investors a return on investment that is over 170% in 2021? Are you already interested? Therefore, join me and let us head to the charts in this CoinQuora Dogecoin price analysis and price prediction 2022.
What is Dogecoin (DOGE)?
Dogecoin (DOGE) is related to the popular “Doge” Internet meme and features a Shiba Inu on its logo. Moreover, the open-source digital currency was created by Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia. However, it was forked from Litecoin (LTC) in December 2013.
Dogecoin’s creators envisaged it as a fun, light-hearted digital currency that will have greater appeal beyond the core Bitcoin audience, however, it is related to a dog meme. Even more, Tesla CEO Elon Musk posted many tweets on social media that Dogecoin is his favorite coin.
Now that we have an idea about DOGE, do you think DOGE will be profitable crypto in 2022? Join me and let us see the charts in this DOGE price analysis and DOGE price prediction.
Dogecoin (DOGE) Current Market Status
As of the time of writing this Dogecoin price analysis, DOGE trades at $0.1572 with a 24-hour trading volume of $1,114,907,802. The price of DOGE has increased by 6.81% in the last 24 hours.
Furthermore, DOGE has a current circulating supply of 132.67B DOGE. Currently, the top cryptocurrency exchanges for DOGE are Binance, OKEx, CoinTiger, Upbit, ZBG, Gate.io, Kraken, Bitfinex, and Kucoin.
Now, let’s proceed to the next part of this DOGE technical analysis for 2022.
Dogecoin (DOGE) Price Analysis
Currently, Dogecoin holds 11th place on CoinMarketCap. But will the latest upgrades, development, and changes in the DOGE blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this DOGE price prediction article.
Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Doge, it could be seen that the last candlestick is moving away from the middle line and getting closer to the top curve. There could be a possible breakout of the price of Dogecoin (Doge).
The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of Dogecoin (DOGE) 1day chart of DOGEUSDT above is at 55.62 which indicates a strong trend. If this value continues to rise, Doge could experience a breakout above the 70 mark region, which indicates an overbought region.
The chart above shows the On-Balance-Volume (OBV) 1Day chart for DOGE/USDT. OBV is an indicator that shows the relationship between the volume of trade (major market moves) and the price of an asset. The price usually moves in the direction of the volume due to the sentiments. But, from the Doge chart above, it could be seen that market moves are consolidating after an up movement. Buying pressure from investors could push the volume higher which will also increase the price of Dogecoin (Doge).
Dogecoin (DOGE) Price Prediction
The chart below shows that Dogecoin has performed great over the past few days. Moreover, the DOGE price is over 12.6% in the last 7 days. If this trend continues, DOGE might run along with the bulls, overtaking its $0.7023 resistance1 level and climb higher.
Conversely, if the investors turn against the crypto, the bears might take over and dethrone DOGE from its uptrend position. In simpler terms, the price of DOGE might plummet to almost $0.0617, a bearish signal before any reversal could be expected.
Meanwhile, our long-term DOGE price prediction 2022 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.7376 this year. However, that will only happen if it breaks many previous psychological resistances.
Dogecoin (DOGE) Price Prediction 2022
If this bullish trend continues, DOGE will reach $0.7023 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $0.27 before the rise will consolidate. With upcoming, partnerships, and developments reaching $1 is quite optimistic in the price point of view but undoubtedly feasible for the near future.
Dogecoin (DOGE) Price Prediction 2023
If DOGE holds a Relative Strength Index (RSI) above 60 by the end of 2022, buyers will then have ample time and stability to forge the next attack mission on the vital level at $1.5 in 2023, making it not plummet but play consistently.
Dogecoin (DOGE) Price Prediction 2024
As per the latest upgrades, developments, DOGE price prediction, and new project forecasts of the platform, DOGE investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of DOGE in the crypto market, and it will be the best investment as the price can spike and reach around $3.
Dogecoin (DOGE) Price Prediction 2025
In the next four years, DOGE prices could race up to $5. However, reaching this level could not be so difficult for DOGE as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that DOGE has a high possibility of reaching a new ATH soon in the next five years as per the prediction.
Dogecoin (DOGE) Price Prediction 2026
By 2026, the price of DOGE would reach $10 since many individuals will have better knowledge of cryptocurrencies, therefore, increasing the investment in the industry.
Conclusion
Dogecoin has a bright future ahead of it in 2021. With the ongoing developments happening within the DOGE ecosystem, as well as in the overall crypto market, we may see DOGE reach new heights.
Bullish DOGE price prediction 2021 is $0.45. As said above, it may even reach $1 if investors have decided that DOGE is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.
FAQ
DOGE is the native digital asset of Dogecoin. Dogecoin (DOGE) is based on the popular “Doge” Internet meme and features a Shiba Inu on its logo. Dogecoin’s creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience since it was based on a dog meme.
Like other digital assets in the crypto world, DOGE can be traded on many exchanges. Users can obtain DOGE tokens by purchasing them from cryptocurrency exchanges such as Binance, OKEx, CoinTiger, Upbit, and Huobi Global.
DOGE is a good investment in 2022, this token could be considered by most of crypto investors. However, DOGE has a high possibility of surpassing its current ATH at about $0.7376 by 2022.
DOGE is one of the active crypto assets that continues to maintain its uptrend position. If this bullish trend continues, DOGE might be able to break from $0.45 and go all the way to $1. Of course, this is very likely to happen if the bullish market continues to favor crypto.
DOGE is considered one of the top-rising cryptocurrencies this year. Also, along with the recorded achievements of DOGE in the past one year, we can say that DOGE is indeed potentially good crypto to invest in this year.
Dogecoin (DOGE) price is expected to reach $0.70 by 2022.
Dogecoin (DOGE) price is expected to reach $1.5 by 2023.
Dogecoin (DOGE) price is expected to reach $3 by 2024.
Dogecoin (DOGE) price is expected to reach $5 by 2025.
Dogecoin (Doge) price is expected to reach $10 by 2026.
Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.
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