Dogecoin (CCC:DOGE-USD) is looking like the runt of the litter today thanks to the crypto crash precipitating market-wide losses. The coin’s value has been hampered by new regulations in China and the fact that investors are having a hard time pinpointing a unique utility. However, DOGE has shown time and again that it can overcome bearish adversity and break out. So, are Dogecoin price predictions looking bullish, or do experts think DOGE is in for a bearish ride?
Dogecoin (CCC:DOGE-USD) is looking like the runt of the litter today thanks to the crypto crash precipitating market-wide losses. The coin’s value has been hampered by new regulations in China and the fact that investors are having a hard time pinpointing a unique utility. However, DOGE has shown time and again that it can overcome bearish adversity and break out. So, are Dogecoin price predictions looking bullish, or do experts think DOGE is in for a bearish ride?
Dogecoin Price Predictions: Will DOGE Get Back on Its Paws?
DOGE investors might be a little disappointed with what analysts have to say. Bullish runs and social media chatter have lead many to believe that this would be the year that Dogecoin hits that elusive $1 mark. It came awful close with its all-time high of 73 cents, but it looks like the recent events are causing a reset among analysts expectations. Let’s take a look at some Dogecoin price predictions:
- FXStreet’s technical analysis of Dogecoin suggests a resistance level of 33 cents. Continuing the bearish momentum could lead to the price bottoming out at just 19 cents.
- DigitalCoinPrice predicts DOGE will move to just 34 cents by the end of 2021.
- Coin Price Forecast has a more bullish prediction. They suggest Dogecoin can close out the year at 64 cents, nearing that all-time high once again.
- The Economy Forecast Agency does not predict Dogecoin will break out above 30 cents again for the rest of the year. Their December forecast calls for a high of just 28 cents.
- WalletInvestor predicts that by June 2022, DOGE will rebound to the tune of 43 cents.
On the date of publication, Brenden Rearick did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
