Dogecoin Price Prediction 2022: Is $2 EOY Price Possible?
  • Bullish DOGE price prediction 2022 is $1
  • Skyrocketing price potential of DOGE is $2

Important: This Dogecoin price prediction 2022 is purely based on the writer’s knowledge in technical analysis alone. Price analysis articles of other platforms may use different technical analysis signals and indicators that may influence their Dogecoin price forecast outcome differently. Hence, we strongly suggest doing your own research before buying DOGE.

Dogecoin (DOGE) is one of the crypto assets in the space that continue to make noise despite the market decline. This is because of its solid community that keeps supporting the crypto network. As a result, DOGE is now being closely monitored by investors inside and outside the space.

In terms of market position, the crypto ranks as one of the top fifteen cryptos in CoinGecko. This is due to its market cap amounting to more than $17 billion. 

Now that we already have some background about Dogecoin, do you think DOGE will continue to maintain its top position in the market? Are you already interested? Therefore, join me in this CNL Dogecoin price prediction from 2022 to 2025.

Dogecoin (DOGE) Overview (At the time of writing)

CryptocurrencyDogecoin (DOGE)
TokenDOGE
Price$0.129709
Market Capitalization$17,208,255,938
Total Supply
Trading Volume$443,064,501
All-Time High$0.731578
All-Time Low$0.00008690

What Is Dogecoin?

Dogecoin is an open-source peer-to-peer digital currency. It is one of the crypto assets favored by Elon Musk, the CEO of TESLA. Furthermore, the TESLA company opened a Dogecoin payment system for some of its automobile merchandise in the company.

In terms of marketing reach, the crypto continues to increase its global reach in many countries that embrace the blockchain of DOGE. 

DOGE Price Prediction 2022

Source: TradingView

As seen in the graph above, DOGE was able to pull itself away from the bearish territory. In detail, the crypto was able to surge its price from $0.10 to $0.13, an aggressive performance. If DOGE will be able to maintain this trend, DOGE may be able to break its current resistance level of $0.17. If it does, DOGE will be entering the bullish area and run along with the bulls at a trading price from $0.20 to over $.30. 

However, if DOGE will fail to maintain its position, the price of the crypto might plummet. In other words, the DOGE price may fall near the support price of $0.10. Indeed, this is an event that could lead FUD among its investors in the network.

Source: TradingView

Meanwhile, the crypto’s Relative Strength Index (RSI) is still within the 70/30 range. In short, DOGE is neither overbought nor oversold. This means that users can trade with confidence without the fear of any major price reversal. However, if the price of DOGE goes beyond the 70/30 range again, traders might experience a bearish scenario with strong volatility. 

Nevertheless, it is wise that traders stick to the rules of the indicator that they are using. Through this, traders can have a solid strategy on how to deal with the wild swing of the crypto market.

Author’s Perspective

Source: TradingView

Based on the graph above, DOGE was seen to record a huge growth rate of +929% in the past year. If DOGE can attract more investors into its platform, DOGE may be able to create another huge pump like what it did before. If it does, DOGE may reach the skyrocketing price of $0.9. What’s more, it may advance and break its resistance level of $1 which is just a few levels away from $0.9. This position will enable the crypto to hit the bullish price of $1.5 or even the super bullish price of $2.

But of course, this DOGE price prediction still depends on the behavior of the market and the investors inside the network. 

Other Market Prediction for DOGE in 2022

Digitalcoin

Digitalcoin is one of the trusted names in the crypto world, as the firm claims. This is because it has already established accurate cryptanalysis and the latest news stories over time. For this reason, the 2022 forecast of Digitalcoin for DOGE amounts to $0.18.

Wallet Investor

By using their latest technical analysis, the platform updates its network prices and predictions every three minutes. For this reason, the 1-year forecast of Wallet Investor for DOGE amounts to $0.28.

Market Prediction for DOGE Price 2023, 2024, 2025, and 2026

DOGE price prediction 2023 is up to $0.20 (estimated)

DOGE price prediction 2024 is up to $0.22 (estimated)

DOGE price prediction 2025 is up to $0.28 (estimated)

DOGE price prediction 2026 is up to $0.25 (estimated)

Conclusion

DOGE continues to gain popularity among traders and investors in the crypto space. Therefore, the conclusion for the DOGE price prediction in 2022 amounts to $1. However, this forecast still depends on how the market will treat DOGE in the future

FAQ

Is DOGE a good investment?

DOGE is one of the iconic meme token networks in the crypto space nowadays. Through this, we can say that DOGE has the potential to be a good investment in the next months of the year.

Will DOGE prices go up?

The price status of DOGE depends on many different factors, one of which is the current market situation. If DOGE is able to invite more traders and stakers to the platform, there is a big chance that the price of DOGE will go higher.

Why is DOGE going down?

The crypto market is very unpredictable due to volatility. Any crypto in the space cannot evade these wild market swings of the market. One factor to consider is the massive dumping of tokens made by the whales in the DOGE network, an event that is very uncontrollable.

How to buy DOGE?

The DOGE crypto is one of the most iconic projects in the space. The Binance exchange is one of the famous crypto exchanges supporting DOGE crypto.

Is DOGE Crypto?

Yes, DOGE is a crypto that uses blockchain technology.

Disclaimer: The views and opinions in this article belong to the writer alone and they do not necessarily reflect the position of CryptoNewsLand (CNL). No information in this article, whether expressed or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers perform their own in-depth research before investing in cryptocurrency.

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