Dogecoin Price Prediction (DOGE)

Dogecoin Price Prediction, Technical Analysis, and DOGE Forecast

According to our current Dogecoin price prediction, the value of Dogecoin is predicted to drop by -13.95% and reach $ 0.074569 by February 22, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 53 (Neutral). Dogecoin recorded 16/30 (53%) green days with 7.28% price volatility over the last 30 days. Based on our Dogecoin forecast, it’s now a good time to buy Dogecoin.

Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Table of Contents

Dogecoin Price Predictions for years 2023, 2024 and 2025 Based on Tech Growth

Internet Growth Buy$ 0.113436$ 0.146446$ 0.189062
Google Growth Strong Buy$ 0.165804$ 0.258787$ 0.403914
Facebook Growth Strong Buy$ 0.334920$ 0.742952$ 1.648091
Mobile Growth Buy$ 0.111529$ 0.142768$ 0.182758

Comparing Dogecoin against other important technological innovations and trends is one way of predicting where the Dogecoin price could head over the long term. The table above shows what the Dogecoin price would be by end of year 2024, 2025, and 2026 if its growth trajectory followed the growth of the internet, or large tech companies like Google and Facebook in their growth phase.

In the best case scenario, DOGE price prediction for year 2026 is $ 1.648091 if it follows Facebook growth. In case Dogecoin would follow Internet growth the prediction for 2026 would be $ 0.189062.

Dogecoin Price Prediction Forecast Based on Technical Analysis

Based on data from January 22, 2023 at 21:47, the general Dogecoin price prediction sentiment is bullish , with 24 technical analysis indicators signaling bullish signals, and 6 signaling bearish signals.

DOGE price prediction was last updated on January 22, 2023 at 21:47

Dogecoin is currently trading above the 200-day simple moving average (SMA). The 200-day SMA has been signaling BUY for the last 14 days, since Jan 08, 2023.

The price of Dogecoin is currently above the 50-day SMA and this indicator has been signaling BUY for the last 3 days, since Jan 19, 2023.

The most recent Death Cross in the Bitcoin market happened 478 days ago, on Oct 01, 2021. Meanwhile, a Golden Cross last occurred on Nov 08, 2022, which was 75 days ago.

Based on our technical indicators, Dogecoin’s 200-day SMA will rise in the next month and will hit $ 0.078166 by Feb 21, 2023. Dogecoin’s short-term 50-Day SMA is estimated to hit $ 0.082395 by Feb 21, 2023.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 58.02, which indicates that the DOGE market is in a neutral position.

Popular DOGE Moving Averages and Oscillators for Sun, Jan 22, 2023

Moving averages are a popular indicator in all financial markets. The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a lagging indicator which means they are based on previous price action. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Daily Simple Moving Average (SMA)

SMA 3$ 0.084175BUY
SMA 5$ 0.083154BUY
SMA 10$ 0.083761BUY
SMA 21$ 0.078290BUY
SMA 50$ 0.081533BUY
SMA 100$ 0.084628BUY
SMA 200$ 0.074948BUY

Daily Exponential Moving Average (EMA)

EMA 3$ 0.084556BUY
EMA 5$ 0.084315BUY
EMA 10$ 0.083145BUY
EMA 21$ 0.080737BUY
EMA 50$ 0.080787BUY
EMA 100$ 0.080870BUY
EMA 200$ 0.084480BUY

Weekly Simple Moving Average (SMA)

SMA 21$ 0.079518BUY
SMA 50$ 0.090841SELL
SMA 100$ 0.159733SELL
SMA 200$ 0.082399BUY

Weekly Exponential Moving Average (EMA)

EMA 21$ 0.082583BUY
EMA 50$ 0.097284SELL
EMA 100$ 0.108127SELL
EMA 200$ 0.091234SELL

Dogecoin Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

RSI (14)58.02SELL
Stoch RSI (14)61.22NEUTRAL
Stochastic Fast (14)63.94NEUTRAL
Commodity Channel Index (20)66.67NEUTRAL
Average Directional Index (14)47.62BUY
Awesome Oscillator (5, 34)0.01NEUTRAL
Momentum (10)0.01NEUTRAL
MACD (12, 26)0.00NEUTRAL
Williams Percent Range (14)-36.06NEUTRAL
Ultimate Oscillator (7, 14, 28)42.10NEUTRAL
VWMA (10)0.08BUY
Hull Moving Average (9)0.08BUY
Ichimoku Cloud B/L (9, 26, 52, 26)0.08NEUTRAL

Dogecoin Key Price Levels

Based on today’s classical pivot point (P1) with the value of $ 0.086029, Dogecoin has support levels of $ 0.083083, $ 0.081610, and the strongest at $ 0.078663. Similarly, Dogecoin resistance levels are at $ 0.087502, $ 0.090449, and $ 0.091922..

Support Levels

S1$ 0.083083  – – –
S2$ 0.081610  – – –
S3$ 0.078663  – – –

Resistance Levels

R1$ 0.087502  – – –
R2$ 0.090449  – – –
R3$ 0.091922  – – –

Dogecoin Price Prediction Correlation

Over the past 7 days, Dogecoin price was most positively correlated with the price of eCash (XEC), (YFI), Binance Coin (BNB), Monero (XMR) and Stellar (XLM) and most negatively correlated with the price of Fei USD (FEI), Kava (KAVA), Enjin Coin (ENJ), Casper (CSPR) and UNUS SED LEO (LEO).

Positively Correlated Currencies

Binance CoinBinance Coin0.759

Negatively Correlated Currencies

Fei USDFei USD-0.165
Enjin CoinEnjin Coin-0.001

Dogecoin price is positively correlated with the top 10 coins by marketcap with a value of 0.567, excluding Tether (USDT) and positively correlated with the top 100 coins by marketcap excluding all stablecoins with a value of 0.539.

Currencies that are positively correlated with Dogecoin indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Dogecoin, a move in one direction for Dogecoin would translate into a move in the opposite direction for the negatively correlated coin.

Dogecoin Price Prediction Forecast For Tomorrow and Next Week Based on The Last 30 Days

Jan 23, 2023$ 0.087612-1.65%
Jan 24, 2023$ 0.087633-1.63%
Jan 25, 2023$ 0.086566-2.83%
Jan 26, 2023$ 0.085491-4.04%
Jan 27, 2023$ 0.080579-9.55%
Jan 28, 2023$ 0.080845-9.25%
Jan 29, 2023$ 0.080250-9.92%
Jan 30, 2023$ 0.077997-12.45%
Jan 31, 2023$ 0.079327-10.96%
Feb 1, 2023$ 0.080242-9.93%
Feb 2, 2023$ 0.081995-7.96%
Feb 3, 2023$ 0.082532-7.36%
Feb 4, 2023$ 0.085404-4.13%
Feb 5, 2023$ 0.081058-9.01%
Feb 6, 2023$ 0.082362-7.55%
Feb 7, 2023$ 0.082009-7.94%
Feb 8, 2023$ 0.085781-3.71%
Feb 9, 2023$ 0.086862-2.50%
Feb 10, 2023$ 0.087172-2.15%
Feb 11, 2023$ 0.0902151.27%
Feb 12, 2023$ 0.0907561.87%
Feb 13, 2023$ 0.09945811.64%
Feb 14, 2023$ 0.0965438.37%
Feb 15, 2023$ 0.09876910.87%
Feb 16, 2023$ 0.0949846.62%
Feb 17, 2023$ 0.09934411.51%
Feb 18, 2023$ 0.0916092.83%
Feb 19, 2023$ 0.0911882.36%
Feb 20, 2023$ 0.0974449.38%
Feb 21, 2023$ 0.0962057.99%

The Dogecoin Price Prediction forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days.

To get a better idea of what could happen to the Dogecoin Price Prediction in the future, it’s helpful to also explore Dogecoin’s price history. In the last month, the DOGE/USD pair is up 15.88%. The 1-year performance of DOGE/USD is -30.16%.

DateOpenHighLowCloseVolumeMarket Cap
Jan 22, 2022$ 0.142267$ 0.122175$ 0.133693$ 0.132757$ 1.92B$ 17.74B
Jan 22, 2021$ 0.008186$ 0.007613$ 0.008406$ 0.008551$ 246.07M$ 1.08B
Jan 22, 2020$ 0.002378$ 0.002336$ 0.002351$ 0.002343$ 32.22M$ 287.68M
Jan 22, 2019$ 0.002086$ 0.002025$ 0.002079$ 0.002085$ 10.09M$ 245.17M
Jan 22, 2018$ 0.007200$ 0.006369$ 0.007016$ 0.006774$ 19.35M$ 794.95M

Dogecoin Price Prediction FAQ

Q1. What is Dogecoin’s price prediction today?

Ans.: Based on our Dogecoin price prediction, the price of Dogecoin will decrease by -9.55% and reach $ 0.080579 by January 27, 2023.

Q2. What is the current Dogecoin sentiment?

Ans.: The current Dogecoin sentiment is bullish according to our technical analysis. The majority of technical indicators are showing buy.

Q3. How to predict cryptocurrency prices?

Ans.: You can predict cryptocurrency prices by considering both on-chain and off_chain metrics, as well as technical indicators that take into account Dogecoin’s past price performance. Another tool you can use is to gauge the market sentiment to see whether investors are optimistic or pessimistic about Dogecoin. Keep in mind that there is no way to predict the future with 100% success, and past performance is no guarantee of future results.

Q4. Is it profitable to invest in Dogecoin?

Ans.: Over the last 30 days, Dogecoin had 16/30 (53%) green days. According to our historical data, it is currently profitable to invest in Dogecoin. The price of Dogecoin decreased by -30.82% in the last 1 year, while the coin’s 3-year performance is 3,794.02%.

Q5. What are Dogecoin’s key price levels?

Ans.: The key price level for Dogecoin are the $ 0.083083, $ 0.081610 and $ 0.078663 support levels and the $ 0.087502, $ 0.090449 and $ 0.091922 resistance levels. Price breaks from those levels could indicate higher volatility in the coming days.

Q6. Is Dogecoin a good buy in 2023?

Ans.: Based on multiple technical quantitative indicators, the current forecast for Dogecoin in 2023 is Bullish. This could be an indication that Dogecoin is a good buy in 2023. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Dogecoin or not.

Q7. How is Dogecoin correlated to other assets?

Ans.: Dogecoin is most positively correlated with eCash (XEC), (YFI), Binance Coin (BNB), Monero (XMR) and Stellar (XLM). Positive correlation means that these coins commonly trend in the same direction at the same time. Dogecoin is most negatively correlated with Fei USD (FEI), Kava (KAVA), Enjin Coin (ENJ), Casper (CSPR) and UNUS SED LEO (LEO), which means that the Dogecoin price typically moves in the opposite direction compared to these coins.

Q8. What will the price of Dogecoin be next week?

According to our Dogecoin forecast, the price of Dogecoin will decrease by -9.55% over the next week and reach $ 0.080550 by January 27, 2023.

Q9. What will the price of Dogecoin be next month?

According to our Dogecoin forecast, the price of Dogecoin will increase by 7.99% over the next month and reach $ 0.096170 by February 21, 2023.

Q10. What is Dogecoin’s 50-Day SMA and what does it indicate?

Dogecoin’s 50-day SMA (simple moving average) is currently $ 0.081533. The 50-day SMA indicates the average price of Dogecoin over a 50-day period. The 50-day SMA is commonly used to gauge the price trend of an asset over an intermediate period of time. A rising 50-day SMA indicates a positive DOGE price trend in the medium term, while a dropping SMA indicates the opposite.
The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.

Q11. What is Dogecoin’s 200-Day SMA and what does it indicate?

Dogecoin’s 200-day is currently $ 0.074948. The 200-day SMA is a popular indicator that’s used to determine an asset’s long-term price trend. A rising Dogecoin 200-day SMA indicates a positive long-term trend. Meanwhile, a falling 200-day SMA shows that DOGE has been trending downwards over the long term.
Many cryptocurrency traders pay close attention to the markets when the current Dogecoin price crosses an important moving average like the 200-day SMA.
The 200-day SMA is calculated by taking Dogecoin’s closing prices in the last 200 days, adding them together, and dividing the total by 200.

Q12. What is Dogecoin’s 14-day RSI and what does it indicate?

Dogecoin’s 14-day RSI is at 58.02, indicating that DOGE is currently neutral.
The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Dogecoin. Most commonly, the RSI is used on a 14-day time frame. The RSI is used to gauge momentum in the market. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.

Q13. What is Fear & Greed Index and what does it indicate?

The Fear & Greed Index indicated the current sentiment of the market, as follows: 0-24 extreme fear, 25-49 fear, 50 neutral, 51-75 greed, 76-100 extreme greed. Some traders interpret a prevalent negative sentiment as a good buying opportunity, while a prevalent positive sentiment can be a good opportunity to sell. The Fear & Greed index is calculated using various metrics, including price volatility, trading volume, social media sentiment, and more.

Q14. What is the Dogecoin death cross and golden cross?

The Dogecoin death cross happens when Dogecoin’s 50-day SMA falls below the 200-day SMA. Traders usually interpret a death cross as a bearish signal for future price action, but the actual usefulness of this metric is controversial. The Dogecoin golden cross, on the other hand, is generally interpreted as bullish and happens when the 50-day SMA rises above the 200-day SMA.
Some traders use different moving averages than the 50-day and 200-day SMAs to define death crosses and golden crosses. However, all definitions include a short-term SMA crossing above or falling below a long-term SMA.

Q15. What is the Dogecoin price prediction for 2024?

Based on our tech sector growth prediction the estimated DOGE price would be between $ 0.111529 and $ 0.334920 meaning the price of Dogecoin is expected to rise by 275.45% in the best case scenario by 2025.

Q16. What is the Dogecoin price prediction for 2025?

Based on our tech sector growth prediction the estimated DOGE price would be between $ 0.142768 and $ 0.742952 meaning the price of Dogecoin is expected to rise by 732.86% in the best case scenario by 2026.

Q17. What is the Dogecoin price prediction for 2026?

Based on our tech sector growth prediction the estimated DOGE price would be between $ 0.182758 and $ 1.648091 meaning the price of Dogecoin is expected to rise by 1,747.54% in the best case scenario by 2027.

How to read and predict Dogecoin price movements?

Dogecoin traders use a variety of tools to try and determine the direction in which the DOGE market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Dogecoin price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Dogecoin Price Prediction Indicators

Moving averages are among the most popular Dogecoin price prediction tools. As the name suggests, a moving average provides the average closing price for DOGE over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for DOGE is a sum of DOGE’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the DOGE price moves above any of these averages, it is generally seen as a bullish sign for Dogecoin. Conversely, a drop below an important moving average is usually a sign of weakness in the DOGE market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the DOGE price.

How to read Dogecoin charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Dogecoin with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Dogecoin’s price action in 1-hour chunks. Each candlestick will display DOGE’s opening price, closing price, as well as the highest and lowest prices that Dogecoin reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Dogecoin?

Just like with any other asset, the price action of Dogecoin is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of DOGE. The market capitalization of Dogecoin can change significantly in a short period of time.

When trying to make a Dogecoin forecast, many traders also try to monitor the activity of DOGE “whales”, which are entities and individuals that control large amounts of DOGE. Since the Dogecoin market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Dogecoin’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making a cryptocurrency price prediction to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.

Here are some of the most commonly followed bullish candlestick patterns:

Here are some common bearish candlestick patterns:

  • Hammer
  • Bullish Engulfing
  • Piercing Line
  • Morning Star
  • Three White Soldiers
  • Bearish Harami
  • Dark Cloud Cover
  • Evening Star
  • Shooting Star
  • Hanging Man

DISCLAIMER: Not Investment Advice

The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute solicitation, recommendation, endorsement or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

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