Dogecoin Price Prediction: Will DOGE Repeat Its 2017 and 2020 Rally?

A post says DOGE is touching its long-term support trendline for the third time, a setup it links to big rallies in 2017 and 2020. Will that lift DOGE again? Not on its own. Price has already dropped out of a rising channel, and longs took most of the day's liquidations. 

This Dogecoin price prediction checks the claim against the liquidation data and the 4-hour chart.

Market data checked on October 24, 2026, at 15:34 IST.

Dogecoin Price Prediction Today: Market Overview

Why is DOGE price down today? 

The dogecoin price today is down 3.43% to $0.07732 in 24h, underperforming a broadly weaker crypto market, primarily driven by a macro risk-off sentiment that is pressuring high-beta assets like meme coins.

Primary reason: Broader crypto market sell-off on higher oil prices, institutional outflows from ETFs.

Secondary Reasons: Dogecoin is a meme coin and that makes it a high-beta asset that is going to magnify the downside when risk aversion hits. Technical conditions have turned oversold and that makes it worse. 

What are people saying about $DOGE? 

Dogecoin's community is cautiously optimistic, balancing technical hope against fading social buzz. 

Here’s what’s trending: Analysts see a bullish setup if DOGE holds a critical resistance zone near $0.10.

On-chain data reveals a severe collapse in social engagement and network activity.

A new speed upgrade (DogecoinVM) failed to lift the price, highlighting a sentiment–fundamentals gap.

Speculative hype is building around an unverified DOGE-1 satellite mission and recent ETF inflows.

Dogecoin News Today: MyDoge Adds DOGE Tips on X

A crypto newswire account on X posted that the MyDoge wallet app now lets users send $DOGE tips to any X account, including accounts that never used the app. Each tip must be approved in the sender's wallet.

CoinGabbar could not verify the feature.

DOGE Price Outlook: Third Trendline Touch Claim

DOGE sits on its long-term support trendline again. A trendline joins price lows or highs to show direction.

Source: Data From X

CoinGabbar could not verify the long-term line; past patterns do not guarantee a repeat.

DOGE Liquidation and Futures Volume

A liquidation happens when an exchange force-closes a leveraged trade because the trader can no longer cover losses. Longs bet on a rise, and shorts bet on a fall. Coinglass shows:

Source: Data From CoinGlass

Longs took about 95% of the $3.77M liquidated over 24 hours and about 98% of the 12-hour total. Longs lose when price falls, so this fits the drop out of the channel.

Coinglass futures volume leads with Binance at $329.08M, OKX at $178.48M, Gate at $126.31M and MEXC at $72.78M. The screenshot gives no time window.

DOGE Prediction: $DOGE Drops Out of Its Rising Channel

A rising channel is a pair of upward-sloping trend lines that hold price in a range. $DOGE bounced inside one from October 18 to 21, then broke the trendline price, which is falling continuously after breaking down the trendline. 

The latest candle opened at $0.07781, ranged from $0.07688 to $0.07793 and closed the reading at $0.07732, about 3.43% under the $0.079761 reading on October 23.

An EMA is a trend line that weights recent prices more heavily. All four EMAs lines slope down and sit above the price. The 20 EMA, about 2.7% higher, is the first ceiling, and the short-term trend is negative.

Dogecoin Forecast: Support and Resistance Levels

Bull case: A move toward $0.08405 opens if $DOGE closes a 4-hour candle above the EMA 20 at $0.07943 and then the EMA 50 at $0.08051.

Bear case: If $DOGE closes a 4-hour candle below $0.07604, the October 18 low would fail, and price could slide toward $0.06999.

DOGE Scenarios and Invalidation (October 24, 2026)

Dogecoin Price Prediction: Can Dogecoin Reach $0.09601?

It would take a gain of about 24% from $0.07732. Any Dogecoin prediction near that level needs more than a trendline story, since $DOGE must clear all four EMAs, $0.08405 and $0.08800 first.

Dogecoin Price Prediction: Expert View

A 4-hour read can change fast. The setup stays cautious while the price is under all four EMAs, so watch whether $DOGE holds $0.07604.

Disclaimer

This article is for informational purposes only and isn't financial advice. Crypto markets are volatile. Always do your own research before making any trading decisions involving DOGE.