$0.16
$0.00 (2.31%)
End-of-day quote: 2022-10-17
DOGE/USD

Score: 2 / 6

The question is if Dogecoin is currently on an uptrend?

No, the price is not above any of the three moving averages and is, therefore, in a downtrend.

EMA 200-day line
EMA 100-day line
EMA 50-day line
SMA 200-day line
SMA 100-day line
SMA 50-day line

Predictions for the price of Dogecoin in 2023

Let's examine the one-year forecast more closely since it is the most precise of the analysts' forecasts.

Analysts were divided in their predictions for the Dogecoin price over the next year. The highest forecast predicted a one-year price target of $0.19. However, the most pessimistic forecast was $0.14.

The latest average price target for the next year is $0.16, which is the most vital figure.

This indicates a possible increase of 1.98 percent.

DOGE - Relative Strength Forecast

Dogecoin has broken the 25 strength line from below on 2022-08-13 and then changed into a strong trend, which thereby generated buy signals that lasted one month. Late Aug 2022 we see how the relative strength falls from above 25 to below 25. Thus, Dogecoin has been in a sell signal since 2022-08-26.

DOGE - Trend Prediction

DOGE - Price Volatility Prediction

From 04/25/2022 we see a weak Dogecoin below the moving average, which thereby causes falling prices of Dogecoin. From late May 2022 we then see a weak Dogecoin, which then triggers a sell signal.

DOGE - Relative Strength

From 08/17/2022 to 08/18/2022 Dogecoin was so overbought that this led to a reversal trend. Late Sep 2022 we then see Dogecoin developing more and more weakness, which is a sell signal.

DOGE - Momentum Forecast

Mid Oct 2022 Dogecoin left the oversold zone to the upside, which led to a short-term _-val__ change in trend. In October we then see weak volatility for Dogecoin for a longer period of time which led to negative signals for Dogecoin.

Dogecoin's Prospects For 2025-2030

Dogecoin's future looks promising. According to thirteen analysts, Dogecoin is expected to reach $0.17 by March 2025. The five-year forecast projects that the Dogecoin price will be $0.18 by March 2027. The long-term prediction for 2030 is $0.19.