Machine learning algorithms that predict when dogecoin prices will reach $1 are not far away
2025-01-18 16:33
CoinCodex's machine - learning algorithm has predicted when the price of Dogecoin will reach the psychological $1 level. Interestingly, according to the prediction, market participants won't have to wait too long to see the most important meme coin reach this price level.
When Will Dogecoin's Price Reach $1?
The machine - learning algorithm predicts that the price of Dogecoin will reach the target of $1 in March this year. Specifically, the algorithm forecasts that by March, the most important meme coin may rebound to $1.04. It is expected that by April, DOGE will further increase to $1.11, representing an approximately 200% growth from the current price level.
The platform points out that the current sentiment around Dogecoin's price is bullish, although the Fear and Greed Index is currently 75, indicating greed. Despite the bullish sentiment, the machine - learning algorithm predicts that Dogecoin may continue to fluctuate around the current price level for the rest of this month.
Similar to the machine - learning algorithm, cryptocurrency analysts like Master Kenobi also predict that the price of Dogecoin could soon reach the much - anticipated $1 target. Master Kenobi recently highlighted Donald Trump's inauguration as a catalyst for a parabolic surge to this price level.
Trump is set to be inaugurated on January 20th. Due to his cryptocurrency - supportive stance, this is optimistic for Dogecoin's price. Elon Musk's Department of Government Efficiency (D.O.G.E.) will also be established. The department is bullish on the most important meme coin because of its similarity to the stock code "DOGE".
Cryptocurrency analyst Trader Tardigrade also recently predicted that the price of Dogecoin is about to rise to $1. The analyst forecasts that DOGE could reach this price level as early as March. Galaxy Research also predicts a $1 rebound this year.
What to Expect from DOGE
Cryptocurrency analyst KrissPax has provided an expectation of Dogecoin's price in the coming days. In an X post, he said that Dogecoin is about to break through the downward channel. The analyst said that the most important meme coin is most likely to trade up to $40, then retrace to test the previous resistance level, confirm it as a support level, and then move higher.
On the other hand, cryptocurrency analyst Kevin Capital has warned market participants about the current price movement of Dogecoin. He revealed that the most important meme coin is testing the top of its downward channel and told them to be cautious about FOMO - entering the coin at the current price level. Kelvin explained that it may take some time and effort for DOGE to break these levels.
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