Dogecoin (DOGE) Price Prediction 2025-2030: DOGE finds support at $0.08

ambcrypto.com:

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject.

Dogecoin (DOGE) has traded within a range between $0.08 and $0.099 for six weeks, since mid-January. The price was close to the lows of the range at the time of writing, trading at $0.07557. 

Read Price Prediction for Dogecoin [DOGE] for 2023-24

The $0.078-$0.08 zone has offered steady support over the past month. It offered a good risk-to-reward buying opportunity, with a clear invalidation on a daily close below $0.078. Hence, aggressive traders can consider buying Dogecoin at these levels.

For the greater part of 2022, DOGE/USD performed poorly except for when Elon Musk acquired Twitter. The acquisition raised hopes in the Dogecoin community about increased cryptocurrency usage.

Being Elon Musk’s favorite memecoin at one point, it was counted among the most popular cryptocurrencies. However, the FTX saga was particularly bad for DOGE, as its price had reached around $0.15, the highest since the first crypto crash in May 2022 following the Terra stablecoin debacle.

Since its launch in around 2010, the cryptocurrency industry has come a long way. The vision of the cryptocurrency industry was an on-chain financial order that would not invite governmental intervention. Needless to say, such a grand plan elicited suspicion and even invited smirks. 

Billy Markus and Jackson Palmer, a pair of software engineers, had been observing this trend. who thought that this whole crypto affair was being taken far too seriously. In response, they created a memecoin named Dogecoin in December 2013 to mock crypto maximalists. The memecoin soon became popular across the