CoinCodex’s machine learning algorithm predicted when Dogecoin price could reach its highest level Psychological level $1. Interestingly, based on expectations, market participants will not have to wait long before they see the major currency reach this price level.
When Dogecoin price reaches $1
Machine learning algorithm anticipation That the price of Dogecoin will reach the $1 target by March of this year. Specifically, the algorithm predicted that the first meme coin would rise to a level of $1.04 by March. DOGE price is also expected to rise to $1.11 by April, which represents Increase about 200% From its current price level.
The platform noted that sentiment around Dogecoin price is currently bullish, although the Fear and Greed Index currently stands at 75, indicating greed. in spite of Bullish sentimentThe machine learning algorithm predicts that Dogecoin could continue to range around its current price level for the remainder of this month.
Like the machine learning algorithm, cryptocurrency analysts like Master Kenobi have also predicted that the price of Dogecoin will soon reach the long-awaited target of $1. Master Kenobi recently highlighted Donald Trump’s inauguration As a catalyst for a parabolic rise to this price level.
Trump will take office on January 20, which is bullish for the Dogecoin price due to his pro-crypto stance. Elon Musk’s Department of Government Efficiency (DOGE) will also appear, which is bullish for the first meme coin due to the similarity to its ticker “DOGE.”
Cryptocurrency analyst Trader Tardigrade also recently predicted that a Dogecoin price rise to $1 is imminent. The analyst expected DOGE to reach this price level as early as March. Galactic research also predicted That the rise to $1 will happen this year.
What to expect from DOGE
Cryptocurrency analyst Chris Backes Provide insights into what to expect from Dogecoin price in the coming days. In X’s post, he mentioned that Dogecoin is about to break out of the downward channel. The analyst noted that the major coin is likely to trade up to $40, then return to test previous resistance, confirm it as support, and then move higher.
On the other hand, a cryptanalyst Kevin Capital Market participants have warned about Dogecoin’s current price action. He revealed that the top meme coin is testing the top of its bearish channel and asked them to be careful about FOMO in the coin at its current price level. Kelvin explained that it may take some time and effort for DOGE to break these levels.
At the time of writing, Dogecoin price is trading at around $0.37, up more than 3% over the past 24 hours, according to Data From Coin Market Cap.
Featured image created with Dall.E, chart from Tradingview.com
The post Machine Learning Algorithm Predicts When The Dogecoin Price Will Hit $1, It’s Not That Far Away first appeared on Investorempires.com.