cryptocurrency

Dogecoin (DOGE) Price Prediction 2022 – Will DOGE Price Hit $1 Soon?

  • The bullish DOGE price forecast is $0.08842 to $0.57261.
  • Dogecoin (DOGE) The price may also reach $1 soon.
  • The bearish DOGE price prediction for 2022 is $0.04975.

In our Dogecoin Price Prediction (DOGE) 2022, we use statistics, price patterns, RSI, RVOL and other information about DOGE to analyze the future movement of cryptocurrencies.

Dogecoin (DOGE) Current Market Status

according to Queen GekkoDogecoin (DOGE) price is $0.063255 with a 24-hour trading volume of $364,715,854 at the time of writing. However, the DOGE rate is down about 1.4% in the last 24 hours.

Currently, Dogecoin (DOGE) is traded on cryptocurrency exchanges such as Binance, Coinbase Exchange, Gate.io, FTX, KuCoin and Huobi Global.

What is Dogecoin (DOGE)?

Dogecoin (DOGE) is a popular meme coin that was forked from Litecoin in December 2013. The coin was created by Billy Markus and Jackson Palmer from a viral meme of the Shiba Inu dog breed. DOGE continues to exist as a peer-to-peer, open source cryptocurrency.

Unlike Bitcoin, Dogecoin uses a Proof of Work (PoW) consensus mechanism that is based on the Scrypt algorithm. This gives less time to block to the Dogecoin network. Bitcoin takes up to 10 minutes to process the block while in Dogecoin, the blocking time is 1 minute.

This meme has been recognized as Tesla CEO Elon Musk’s favorite cryptocurrency. Musk’s tweet on Dogecoin and his continued support for it appears to be precipitating significant price hikes for the meme coin.

Dogecoin (DOGE) Price Prediction 2022

Dogecoin (DOGE) occupies 11th place on CoinGecko at the moment. The DOGE 2022 price forecast is explained below with a daily time frame.

DOGE/USDT Ascending Triangle Pattern (Source: TradingView)

The above chart for Dogecoin (DOGE) has drawn an ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing uptrend. This triangle consists of an upper horizontal trend line connecting the highs and a lower trend line connecting the higher lows. If the trend breaks out at the resistance level, the price will continue rising in this ascending triangle pattern.

Currently, Dogecoin (DOGE) is in the $0.06807 range. If the pattern continues, DOGE price may reach the $0.08908 and $0.12628 resistance levels. If the trend reverses, DOGE price could decline to $0.06658, $0.05746 and $0.05073.

Dogecoin (DOGE) support and resistance levels

The chart below shows the Dogecoin (DOGE) support and resistance levels.

dog USDT Support and Resistance Levels (Source: TradingView)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Dogecoin (DOGE).

resistance level 1 0.08842 USD
resistance level 2 $0.17160
resistance level 3 0.34720 USD
resistance level 4 0.57261 USD
Support level 0.04975 USD
DOGE resistance and support level

The charts show that Dogecoin (DOGE) has performed an upward trend over the past month. If the trend continues, DOGE may work in tandem with the bulls taking out the resistance at $0.57261.

Accordingly, if investors turn against the cryptocurrency, the price of Dogecoin (DOGE) could drop to close to $0.04975, which is a bearish sign.

Dogecoin (DOGE) Predict 2022 Prices – RVOL, MA and RSI

The relative volume (RVOL) of Dogecoin (DOGE) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of DOGE is below the cutoff line, indicating weakness of participants in the current trend.

DOGE / USDT RVOL, MA, RSI (Source: TradingView)

Also, the Dogecoin Moving Average (MA) (DOGE) is shown in the above chart. Notably, the price of Dogecoin (DOGE) is below the 50 MA (short-term), so it is completely in a downtrend. At the moment, DOGE is in a bullish state. Therefore, there is a possibility of a reversal of the DOGE trend at any time.

Meanwhile, the DOGE’s Relative Strength Index (RSI) is 45.40. This means that Dogecoin (DOGE) is almost in an oversold state. However, this means that a major DOGE price reversal may occur in the coming days. Therefore, traders need to trade carefully.

Dogecoin (DOGE) Price Prediction 2022 – ADX, RVI

Let’s now take a look at the Dogecoin (DOGE) Average Directional Indicator (ADX). It helps to measure the overall strength of a trend. The indicator is the average of the values ​​of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.

DOGE / USDT ADX, RVI (Source: TradingView)

The above chart represents the ADX indicator for the Dogecoin (DOGE). Currently, DOGE’s ADX is in the range of 40.84051, so it is pointing to a strong trend.

The above chart also represents the Dogecoin Relative Volatility Index (RVI) (DOGE). RVI measures the continuous deviation of price changes over a period of time. DOGE’s RVI is above 50, which indicates high volatility. In fact, the Dogecoin Relative Strength Index (DOGE) is at 45.50 confirming a possible sell signal.

Comparison of DOGE, BTC and ETH

The chart below shows a price comparison between Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE).

BTC Price Comparison vs ETH Vs DOGE (Source: trading offer)

From the above chart, we can interpret that the price action of DOGE is similar to BTC and ETH. This indicates that when the price of BTC and ETH goes up or down, the price of DOGE will go up or down, respectively.

Dogecoin (DOGE) Price Prediction 2023

If the declining price movement completely slows down in momentum and reverses, Dogecoin (DOGE) is likely to reach $2.2 by 2023.

Dogecoin (DOGE) Price Prediction 2024

With several network upgrades, Dogecoin (DOGE) may enter an upward trajectory. If the coin catches the attention of major investors, DOGE could rise to $3.5 by 2024.

Dogecoin (DOGE) Price Prediction 2025

If Dogecoin (DOGE) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next three years, DOGE will rise to $4.

Dogecoin (DOGE) Price Prediction 2026

If Dogecoin (DOGE) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, DOGE will rise to $5.5.

Dogecoin (DOGE) Price Prediction 2027

If Dogecoin (DOGE) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, DOGE will rise to $6.

Dogecoin (DOGE) Price Prediction 2028

Dogecoin (DOGE) has a strong position as a better investment option for the next six years amid the trends in the highly volatile cryptocurrency market. By driving significant price hikes, DOGE will reach $7 in 2028.

Dogecoin (DOGE) Price Prediction 2029

If investors flock and continue to place their bets on Dogecoin (DOGE), this will see huge gains. DOGE could reach $7.5 by 2029.

Dogecoin (DOGE) Price Prediction 2030

With greater advancements in the ecosystem, the crypto community may continue to invest in DOGE over the next eight years and drive the price of the token significantly higher. Thus, the price of Dogecoin (DOGE) could reach $8 by 2030.

conclusion

With the continuous improvements in the Dogecoin network, we can say that 2022 is a good year for DOGE. Because of this, the bullish price forecast for Dogecoin (DOGE) in 2022 is $0.57261. On the other hand, the bearish price forecast for Dogecoin (DOGE) for 2022 is $0.04975.

Moreover, with developments and upgrades in the Dogecoin ecosystem, it will help DOGE’s performance to reach an all-time high (ATH) of $0.731578. very soon. But, it could also be as low as $1 if investors think DOGE is a good investment in 2022.

Instructions

1. What is Dogecoin (DOGE)?

Dogecoin (DOGE) is the leading memecoin that hit the markets in late 2013. It was born from a viral dog meme. The Dogecoin network was a fork in Litecoin.

2. Where can you buy Dogecoin (DOGE)?

Dogecoin (DOGE) is listed on several cryptocurrency exchanges including Binance, Coinbase Exchange, Gate.io, FTX, KuCoin, and Huobi Global.

3. Will Dogecoin (DOGE) arrive in a new ATH soon?

With the continuous developments and updates within the Dogecoin platform, Dogecoin (DOGE) has a high potential to reach ATH soon.

4. What is the highest ever price (ATH) for Dogecoin (DOGE)?

On May 8, 2021, Dogecoin (DOGE) reached an all-time high (ATH) at $0.731578.

5. Is DOGE a good investment in 2022?

Dogecoin (DOGE) appears to be one of the most profitable cryptocurrencies this year. According to Dogecoin’s achievements recorded in the past few months, DOGE is a good investment in 2022.

6. Can Dogecoin (DOGE) get access to $1?

Dogecoin (DOGE) is one of the active cryptocurrencies that continues to maintain its bullish state. Ultimately, if this uptrend continues, Dogecoin (DOGE) will reach $1 soon.

7. What will be the price of Dogecoin (DOGE) by 2023?

The price of Dogecoin (DOGE) is expected to reach $2.2 by 2023.

8. What will it be Dogecoin (DOGE) Price by 2024?

The price of Dogecoin (DOGE) is expected to reach $3.5 by 2024.

9. What will it be Dogecoin (DOGE) By 2025?

The price of Dogecoin (DOGE) is expected to reach $4 by 2025.

10. What would it be? Dogecoin (DOGE) By 2026?

The price of Dogecoin (DOGE) is expected to reach $5.5 by 2026.

Disclaimer: The opinion expressed in this graph is that of the author only. It does not represent any investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.

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