Dogecoin (DOGE) Price Prediction 2022 – Will DOGE Reach $1 Soon? | Cryptocurrency News

  • Bullish DOGE price forecast is from $0.08944 to $0.34720.
  • Dogecoin (DOGE) The price may also reach $1 soon.
  • The bearish DOGE price forecast 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 Position

According to coingeco, Dogecoin (DOGE) is priced at $0.065500 and has a 24-hour trading volume of $954,460,190 at the time of writing. However, DOGE is up around 6.2% in the last 24 hours.

In addition, Dogecoin (DOGE) has a circulating supply of 132,670,764,299 DOGEs. Currently, Dogecoin (DOGE) trades on cryptocurrency exchanges such as Binance, OKEx, 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 Marcus and Jackson Palmer from a viral meme of a dog breed, the Shiba Inu. DOGE exists 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 provides shorter block times 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 tweets on Dogecoin and his continued support for it have fueled a significant price rally for the meme coin.

Dogecoin (DOGE) Price Prediction 2022

Dogecoin (DOGE) is currently ranked 10th on CoinGecko. The DOGE Price Prediction 2022 along with the daily time frame is explained below.

DOGE/USDT Ascending Triangle Pattern (Source: tradingview,

The above chart of Dogecoin (DOGE) formed an ascending triangle pattern. An ascending triangle is a typical pattern of a continuing bullish trend. This triangle is formed by a horizontal upper trendline connecting higher and lower trendline connecting rising lows. If the trend breaks the resistance level, the price will continue to rise in this ascending triangle pattern.

Currently, Dogecoin (DOGE) is in the range of $0.06667. If the pattern continues, DOGE price may reach the $0.09047 and $0.13712 resistance levels. If the trend reverses, DOGE price could drop towards $0.05800 and $0.04917.

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 resistance and support levels for Dogecoin (DOGE).

resistance level 1 $0.08944
resistance level 2 $0.17226
Resistance Level 3 $0.34720
support level $0.04975
DOGE Resistance and Support Levels

The chart shows that Dogecoin[DOGE]Has shown an uptick in the last one month. If the trend continues, DOGE may cross its resistance at $0.34720 along with the bulls.

Accordingly, if investors go against the crypto, Dogecoin (DOGE) price could drop to around $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 time from the previous trading volume. Currently, DOGE’s RVOL is below the cutoff line, indicating weak participants in the current trend.

Doge/USDT RVOL, MA, RSI (Source: tradingview,

Additionally, the moving average (MA) of Dogecoin (DOGE) is shown in the chart above. Specifically, Dogecoin (DOGE) price is trading above the 50 MA (short term), so it is completely in an uptrend. Currently, DOGE has entered a bullish position. Therefore, there is a possibility of a reversal trend of DOGE at any point in time.

Meanwhile, DOGE’s relative strength index (RSI) is 59.48. This means that Dogecoin (DOGE) is in an overbought position. However, this means that there could be a major price reversal of DOGE in the coming days. Therefore, traders need to trade with caution.

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 expansion price is the average of the range values. This system attempts to measure the strength of price movement in the positive and negative directions by using the DMI indicators along with the ADX.

Doge/USDT ADX, RVI (Source: tradingview,

The above chart shows the ADX for Dogecoin (DOGE). Currently, DOGE’s ADX is in the range of 16.9669 and thus, indicates a weak trend.

The above chart also represents the relative volatility index (RVI) of Dogecoin (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 RSI for Dogecoin (DOGE) is at 59.48, thus confirming a potential sell signal.

DOGE Comparison with BTC, ETH

The chart below shows a 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 different from that of BTC and ETH. This indicates that when the price of BTC and ETH increases, the price of DOGE decreases. Also, when the price of BTC and ETH decreases, the price of DOGE increases.

Dogecoin (DOGE) Price Prediction 2023

If the declining price action completely slows in momentum and the trend reverses, Dogecoin (DOGE) could probably reach $2 by 2023.

Dogecoin (DOGE) Price Prediction 2024

With several upgrades to the network, Dogecoin (DOGE) may be entering a bullish trajectory. If the coin catches the attention of major investors, DOGE could reach $3 by 2024.

Dogecoin (DOGE) Price Prediction 2025

If Dogecoin (DOGE) maintains the key resistance level and is recognized as a better investment option among investors for the next 3 years, DOGE will reach $4.

Dogecoin (DOGE) Price Prediction 2026

If Dogecoin (DOGE) maintains the key resistance levels and is recognized as a better investment option among investors for the next 4 years, DOGE will reach $5.

Dogecoin (DOGE) Price Prediction 2027

If Dogecoin (DOGE) maintains the key resistance levels and is recognized as a better investment option among investors for the next 5 years, DOGE will reach $6.

Dogecoin (DOGE) Price Prediction 2028

Dogecoin (DOGE) holds a strong position as a better investment option for the next 6 years amid highly volatile crypto market trends. Driving significant price rallies, DOGE will reach $7 in 2028.

Dogecoin (DOGE) Price Prediction 2029

If investors come and continue to place their bets on Dogecoin (DOGE), it will see major spikes. DOGE could reach $8 by 2029.

Dogecoin (DOGE) Price Prediction 2030

With more progress in the ecosystem, the crypto community can continue to invest in DOGE for the next 8 years and drive a significant price rally for the token. Therefore, Dogecoin (DOGE) could reach $9 by 2030.

conclusion

With the Dogecoin network continuing to improve, we can say that 2022 is a good year for DOGE. For this reason, the bullish price prediction for Dogecoin (DOGE) in 2022 is $0.34720. On the other hand, the bearish price forecast for Dogecoin (DOGE) Price Prediction for 2022 is $0.04975.

Furthermore, with the progress and upgrades in the Dogecoin ecosystem, the performance of DOGE will help it rise above its current all-time high (ATH) of $0.731578. Very soon. But, if investors believe that DOGE is a good investment in 2022, it can even reach $1.

general question

1. What is Dogecoin (DOGE)?

Dogecoin (DOGE) is the pioneer Memecoin which came to the markets in late 2013. It was born out of the viral dog meme. The Dogecoin network was a fork of Litecoin.

2. Where can you buy Dogecoin (DOGE)?

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

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

With the ongoing development and upgrades within the Dogecoin platform, Dogecoin (DOGE) has a high probability 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) appears to be one of the top-achieving cryptocurrencies this year. According to Dogecoin’s recorded achievements over 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 position. Finally, Dogecoin (DOGE) will soon reach $1 if this bullish trend continues.

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

The price of Dogecoin (DOGE) is expected to reach $2 by 2023.

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

The price of Dogecoin (DOGE) is expected to reach $3 by 2024.

9. What will happen Dogecoin (DOGE) Price by 2025?

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

10. What will happen Dogecoin (DOGE) Price by 2026?

The price of Dogecoin (DOGE) is expected to reach $5 by 2026.

Disclaimer: The opinions expressed in this chart are solely those of the author. It does not represent any investment advice. TheNewsCrypto team encourages everyone to do their research before investing.

Recommended for you

Leave a Comment