Dogecoin price withstands the pressure of an ongoing downtrend. According to crypto analyst Tony M, if market conditions continue, it is possible for DOGE to eliminate the annual low that occurred in the summer. Meanwhile, analysts from different panels are sharing their 2025 and 2030 price predictions for DOGE. Crypto analyst Narmin, on the other hand, predicts a bearish trend for the altcoin.
“Dogecoin faces resistance”
cryptocoin.com As you follow, Dogecoin price dropped 85% below the ATH level of $0.74. Analyst Tony M explains what he saw in DOGE’s drawing: On December 24, DOGE continues its trend in a descending parallel channel as it has been for several weeks. Dogecoin price is currently up for auction at $0.072. The upper bounds of the parallel channel acted as resistance several times in December, with the strongest move to date by 21%. The 50-day, 100-day, and 200-day simple moving averages each hover above DOGE’s current trading range. It also gives an overall bearish trend for DOGE.
The next collision with the descending parallel channel will likely occur within 24 hours. If the bears succeed again, DOGE is likely to emulate the strength of the previous decline. In this case, it is possible to register a 20% decrease. Thus, Dogecoin price will drop to the $0.061 region. It will also create a scenario for potentially labeling the 2021 low at $0.057.
DOGE 1-day chartA second attempt to pierce Sunday’s low of $0.069 is possible to accelerate the next downtrend rally. The decline thesis may be invalid. However, the bulls will need to recapture the 50-day simple moving average at $0.08 to do so. If the bulls are successful, DOGE is likely to rally towards the midpoint of the December downtrend at $0.095. This could result in a 25% increase from the current Dogecoin price.
Dogecoin price predictions 2025
Investors should understand that different analysts look at different sets of parameters to predict market metrics. Therefore, different analyzes can vary greatly. We should also not forget that unexpected macroeconomic forces such as government regulations and wars are unpredictable. During such exchanges, the market wildly changes course. Therefore, no estimate is definitive. Now, let’s see how different analysts predict the future of Dogecoin in 2025.
Coin Journal is quite optimistic about the future of Dogecoin. In particular, it envisions the broader utility and adoption of DOGE as a form of payment. Therefore, he expects the DOGE price to reach $2.59.
On the contrary, a Changelly blog post mentioned that DOGE’s maximum and minimum prices in 2025 will be $0.28 and $0.23. It predicts a potential return on investment of 452% for DOGE in the given year. Also, an Analytics Insight report claims that DOGE will be up to $0.77 by 2025 as adoption and cryptocurrency regulations get better. Finder analysts predict that DOGE will reach $0.19 by the end of 2025. These estimates for July 2022 were interestingly lower than their January estimates.
Dogecoin price predictions 2030
Predicting market metrics 8 years from now is very speculative. However, it is still useful to examine the predictions of reliable crypto analysts for Dogecoin in 2030.
Capex writes that the more we look into the future, the harder it becomes to predict the price of a crypto. It becomes particularly challenging in a market that is as volatile as any cryptocurrency. Accordingly, experts predict that the price of DOGE will probably exceed $ 0.80 in 2030. Its minimum price will not fall below $0.30 in an emerging market. Finder’s panel also shared some DOGE price predictions for 2030. Accordingly, DOGE will reach a price level of $ 0.64 on the charts by 2030.
Source: FinderDogecoin price analysis: Bearish trending
Crypto analyst Narmin points out the following levels in his technical view of Dogecoin price. Dogecoin price indicates that the market is after a positive move as the volatility of the market enters the closing move and tightens the market as a result. This makes DOGE less prone to experiencing volatility at both extremes. As a result, the DOGE high price stands at $0.0777 while the low price stands at $0.0773. Conversely, DOGE’s low price is at $0.0772, with a change of 0.48% and a closing price of $0.0776.
DOGE seems to cross the curve of the Moving Average. This indicates a bullish move. Price is moving upwards towards the resistance band, trying to reverse the current trend. As volatility closes, it’s possible that this will be in favor of the bulls. That’s because a breakout explodes volatility, giving bulls more room for more activity.
DOGE 1-day price chart / Source: CoinCodexDogecoin price analysis reveals that its Relative Strength Index (RSI) is 41. Also, this marks a stable number for DOGE and is falling in the stable zone. In addition, the RSI score is moving upwards. This indicates an increased market, dominant purchasing activity and an increase in the market.
Dogecoin price analysis shows potential towards negative extremes after a downward move. However, the market has enormous potential for a reversal in the coming days as the price moves towards the support. If the bulls manage to use this to their advantage, they can engulf the market. Thus, it is possible that they will help raise the Dogecoin price beyond expectations.
