How will Dogecoin price close? Machine learning algorithms tilt bearish
this Dogecoin price As the month approaches, the focus is on the focus. Meme coins have enjoyed 30% of their gains so far in May, but the machine learning algorithm shows that Doge is unlikely to enjoy further gains until the end of the month.
Machine learning algorithm predicts bearish endings for dog prices
Coincodex’s machine learning algorithm It is predicted that dog prices will suffer more declines in the next few days. The algorithm predicts that by May 28, Doge will drop to $0.220052, and then to $0.217269 on May 29. Top Meme Coins Then, by May 30 and 31, it will drop to $0.214764 and $0.213578 respectively.
Cryptorank data shows that Dogecoin’s price has risen by more than 30% in May, Psychological $0.2 level Bitcoin surge earlier this month. However, according to machine learning algorithm predictions, Doge is more likely to prune these gains by the end of the month.
In any case, the price of Dogecoin can certainly be recorded Best monthly performance So far this year. Unless there is any huge crash, this is also the reward for Doge receiving double-digit frontal distances every month this year. Meme coins recorded 4% and 3% gains in January and April, respectively, which is the monthly closing price this year for two positive months.
Meanwhile, June may be a bearish month for Dogecoin prices, according to historical data. Over the past eight years, Doge has witnessed the end of the negative month in June. In fact, the meme coin has recorded only two positive monthly closures since its creation. However, both are double-digit growth, which means that if June ends up being the green month this year, Dogecoin could record huge gains.
Doge RSI means imminent pump
In X posts, Crypto Analyst Trader Tardigrade It is noted that the relative strength index (RSI) of Dogecoin price indicates the potential pump of meme coins. The chart he accompanied shows that in this breakthrough, Doge could be as high as $0.9. In another post, he confirmed that the meme coin is ready to explode, which will bring its price to a new historical peak (ATH).
At the time of writing, Dogecoin price is trading at about $0.22, down nearly 2% in the past 24 hours. data From CoinMarketCap.
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