• Bullish DOGE price prediction is $0.08842 to $0.57261.
  • Dogecoin (DOGE) price might also reach $1 soon.
  • Bearish DOGE price prediction for 2022 is $0.04975.

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

Dogecoin (DOGE) Current Market Status

According to CoinGecko, the price of Dogecoin (DOGE) is $0.063412 with a 24-hour trading volume of $305,041,260 at the time of writing. However, DOGE has increased by nearly 2.1% in the last 24 hours.

Currently, Dogecoin (DOGE) trades in 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 dog breed, Shiba Inu. DOGE continues to exist as a peer-to-peer and open-source cryptocurrency.

Unlike Bitcoin, Dogecoin uses a proof-of-work (PoW) consensus mechanism that is based on the Scrypt algorithm. This confers less block time for the Dogecoin network. Bitcoin takes up to 10 minutes to process a block whereas, in Dogecoin, the block time is 1 minute.

This meme coin is recognized as the favorite crypto of Tesla CEO Elon Musk. Musk’s tweet on Dogecoin and his ceaseless support for it seems to accelerate significant price rallies for the meme coin.

Dogecoin (DOGE) Price Prediction 2022

Dogecoin (DOGE) holds the 11th position on CoinGecko right now. DOGE price prediction 2022 is explained below with a daily time frame.

DOGE /USDT Ascending triangle Pattern (Source: Tradingview)

The above chart of Dogecoin (DOGE) laid out the Ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and the lower trendline that connects the rising lows. If the trend breaks out at the resistance level, the price will continue to move up in this ascending triangle pattern.

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

Dogecoin (DOGE) Support and Resistance Levels

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

DOGE /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
Resistance Level 2  $0.17160
Resistance Level 3 $0.34720
Resistance Level 4 $0.57261
Support Level $0.04975
DOGE Resistance & Support Level

The charts show that Dogecoin (DOGE) has performed a bullish trend over the past month. If this trend continues, DOGE might run along with the bulls overtaking its resistance level at $0.57261.

Accordingly, if the investors turn against the crypto, the price of Dogecoin (DOGE) might plummet to almost $0.04975, a bearish signal.

Dogecoin (DOGE) Price Prediction 2022 — 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 lies below the cutoff line, indicating weak participants in the current trend.

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

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

Meanwhile, the relative strength index (RSI) of the DOGE is 45.40. This means that Dogecoin (DOGE) is nearly in an oversold state. However, this means a major price reversal of DOGE may occur in the upcoming days. So, traders need to trade carefully. 

Dogecoin (DOGE) Price Prediction 2022 — ADX, RVI

Let us now look at the Average Directional Index (ADX) of Dogecoin (DOGE). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

DOGE /USDT ADX, RVI (Source: Tradingview)

The above chart represents the ADX of Dogecoin (DOGE). Currently, the ADX of DOGE lies in the range of 40.84051 and thus, it indicates a strong trend. 

The above chart also represents the Relative Volatility Index (RVI) of Dogecoin (DOGE). RVI measures the constant deviation of price changes over a period of time. The RVI of DOGE lies above 50, indicating high volatility. In fact, the RSI of Dogecoin (DOGE) is at 45.50 thus confirming a potential sell signal.

Comparison of DOGE with BTC, ETH

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

BTC Vs ETH Vs DOGE  Price Comparison (Source: Tradingview)

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 increases or decreases, the price of DOGE would increase or decrease respectively. 

Dogecoin (DOGE) Price Prediction 2023

If the declining price action completely slows down in momentum and the trend reverses,  Dogecoin (DOGE) might probably attain $2.2 by 2023.

Dogecoin (DOGE) Price Prediction 2024

With several upgrades in the network, Dogecoin (DOGE) might enter a bullish trajectory. If the coin grabs the attention of major investors, DOGE might rally to hit $3.5 by 2024. 

Dogecoin (DOGE) Price Prediction 2025

If Dogecoin (DOGE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, DOGE would rally to hit $4. 

Dogecoin (DOGE) Price Prediction 2026

If Dogecoin (DOGE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, DOGE would rally to hit $5.5.

Dogecoin (DOGE) Price Prediction 2027

If Dogecoin (DOGE) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, DOGE would rally to hit $6. 

Dogecoin (DOGE) Price Prediction 2028

Dogecoin (DOGE) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, DOGE would hit $7 in 2028.

Dogecoin (DOGE) Price Prediction 2029

If investors flock in and continue to place their bets on Dogecoin (DOGE), it would witness major spikes. DOGE might hit $7.5 by 2029.

Dogecoin (DOGE) Price Prediction 2030

With greater advancements in the ecosystem, the crypto community might continue to invest in DOGE for the next 8 years and drive significant price rallies for the token. Hence, Dogecoin (DOGE) might hit $8 by 2030.

Conclusion

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

Furthermore, with the advancements and upgrades to the Dogecoin ecosystem, the performance of DOGE would help to reach above its current all-time high (ATH) of $0.731578. very soon. But, it might also reach $1 if the investors believe that DOGE is a good investment in 2022.

FAQ

1. What is Dogecoin (DOGE)?

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

2. Where can you purchase Dogecoin (DOGE)?

Dogecoin (DOGE) has been listed on many crypto exchanges which include Binance, Coinbase Exchange, Gate.io, FTX, KuCoin, and Huobi Global. 

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

With the ongoing developments and upgrades within the Dogecoin platform, Dogecoin (DOGE) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Dogecoin (DOGE)?

On May 08, 2021, Dogecoin (DOGE) reached its new all-time high (ATH) of $0.731578.

5. Is Dogecoin (DOGE) a good investment in 2022?

Dogecoin (DOGE) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Dogecoin in the past few months, DOGE is considered a good investment in 2022.

6. Can Dogecoin (DOGE) reach $1?

Dogecoin (DOGE) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Dogecoin (DOGE) will hit $1 soon.

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

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

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

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

9. What will be Dogecoin (DOGE) price by 2025?

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

10. What will be Dogecoin (DOGE) price by 2026?

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

Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Recommended For You

LEAVE A REPLY

Please enter your comment!
Please enter your name here