Dogecoin (DOGE) Price Prediction: Could Reach $0.4 per Coin!

Bittime - Crypto analyst Swallow gives a prediction that the price of Dogecoin (DOGE) could reach $0.48 per coin. 

However, to achieve this target, several conditions need to be met first. Anything? Read this article to find out more!

Dogecoin (DOGE) Price Prediction According to Swallow

According Swallow, DOGE is currently retesting the Exponential Moving Averages (EMA) that were broken earlier. In this zone, there is a possibility of rejection occurring, which will determine the next price movement.

Swallow also added that additional confirmation is needed to support this potential rally. 

If trading volume increases around the EMA zone, Swallow provides a price prediction that Dogecoin (DOGE) may continue its increase towards the target of $0.40 to $0.48.

Read Also: How to Join the Dogecoin Community, Here's How!  

Dogecoin (DOGE) Price Prediction: Level $0,40

Apart from Swallow, other analysts such as KrissPax also provide optimistic Dogecoin (DOGE) price predictions. 

According to him, DOGE has broken out of a descending wedge pattern over the last 2 weeks. After a small correction, Doge is expected to surge back above $0.40.

KrissPax also noted that DOGE recently completed a retest of an upward sloping resistance line as support. Currently, DOGE has increased by around 6% since the beginning of this year, and the upward trend is expected to continue.

Long Term Dogecoin (DOGE) Price Prediction

In chart analysis, Dogecoin has the potential to set a new price record. Analysts predict that the price of Dogecoin (DOGE) could reach $2, which would be the new ATH. 

Several other analysts even predicted that the price of Dogecoin (DOGE) could soar to double digits in this market cycle. ACrypto analyst Dima James even predicted that DOGE could surpass $11 before the end of the year. 

Meanwhile, other analysts such as Trader Tardigrade believe that 2025 will be a bullish year for Dogecoin. He predicts that DOGE could reach $3.63 at the peak of this market cycle.

Read Also: Dogecoin Whale Transfers Hundreds of Millions of DOGE to New Wallet  

Dogecoin (DOGE) Price Prediction: Level $1

For more realistic scenario, analyst Master Kenobi gives a prediction that the price of Dogecoin (DOGE) will at least surpass the psychological level of $1. He estimates that the price of Dogecoin could reach $1.2 in the near future. 

Source: Bittime.com

However, for a very optimistic scenario, DOGE has a chance to reach $3.4. HDOGE price today is around $0.38, with a slight decline of 0.58 in the last 24 hours.

This Dogecoin (DOGE) price prediction shows great potential for the meme coin's price to rise, with a short-term target of $0.48 and a much higher long-term target. 

Read Also: How Much Did $DOGE First Appear?  

Dogecoin FAQs

What is Dogecoin?

Dogecoin is a meme coin created in 2013 by Billy Markus and Jackson Palmer. Originally created as a joke, Dogecoin has now become one of the most popular crypto assets with a large and active community.

What is the Difference Between Dogecoin and Bitcoin?

Dogecoin has an unlimited supply, while Bitcoin has a maximum supply of 21 million coins. In addition, Dogecoin transactions are faster and have lower fees than Bitcoin, making them more suitable for everyday payments.

What is the use of Dogecoin?

Dogecoin is often used for online tipping, charitable donations, and micropayments. Apart from that, the community is also active in supporting social projects.

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Reference

Scott Matherson, Analyst Says Dogecoin Price Can Break To $0.48, But This Needs To Happen First, accessed January 6, 2024.

Author: IPR