As the countdown to Halloween begins, Dogecoin (DOGE) finds itself at the center of attention in the crypto world.
Known for its unpredictable nature, DOGE has been a trick-or-treat favorite for traders in recent years.
With October 31 just around the corner, PricePredictions’ advanced machine learning models forecast a potential $0.1533 Dogecoin price on Halloween 2024, representing a 7.91% increase from its current price of $0.142062.
he algorithms’ predictions, based on technical analysis (TA) indicators like moving average convergence divergence (MACD), relative strength index (RSI), Bollinger Bands (BB), and others.
Here’s how DOGE has fared over the past few years:
| Year | Dogecoin Price | Price Change YoY |
| 2020 | $0.0026 | – |
| 2021 | $0.2684 | +10,223% |
| 2022 | $0.1176 | -56.19% |
| 2023 | $0.068 | -42.18% |
Current DOGE chart performance market
Fast forward to October 2024, and Dogecoin is trading at $0.142062, showing signs of recovery and drawing renewed interest from traders. Over the past week, DOGE has surged by 22.70%, though it dipped by 2.44% in the last 24 hours, indicating some volatility.
Key price levels to watch as we approach Halloween include a support level: $0.13317 — This represents a critical price floor where DOGE might find buying interest if it faces downward pressure. If the price dips close to this level, it could serve as an opportunity for traders to consider new positions.
A Resistance level exists at $0.15444 — this is a key price ceiling just above the predicted price of $0.1533. If DOGE reaches this level, traders should monitor whether it breaks through or pulls back. A break above this could signal further upward momentum, while a failure to break it may suggest a temporary peak.
Recovery from Halloween 2023
Compared to Halloween 2023, when Dogecoin was trading at $0.068, the current price of $0.142062 represents a 108.91% increase. This sharp rise signals a strong recovery, with DOGE regaining much of its lost ground over the past year. However, the real question remains: can it continue this upward trend?
With $0.1533 in sight, Dogecoin’s performance in the days leading up to Halloween will be crucial. For now, as Dogecoin holders watch the calendar countdown to All Hallows’ Eve, the big question remains: Will Dogecoin deliver a treat to traders this Halloween?
Source: https://finbold.com/ai-predicts-dogecoin-price-for-halloween-2024/