Machine learning algorithm predicts double-digit price plunge in January 2025

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There are big differences in the predictions of the future trend of Dogecoin (DOGE) price. On the one hand, some analysis models and analysts are pessimistic about the future of Dogecoin, while on the other hand, there are also predictions that are optimistic about its possible rise.

1. Coincodex prediction: bearish outlook

According to Coincodex's machine learning (ML) algorithm, Dogecoin will experience a double-digit plunge before January 27, 2025. The forecast states that the price of Dogecoin may fall by 10.62% from the current price level to $0.28. The basis of this prediction is the analysis of technical indicators and market sentiment, especially the current Fear and Greed Index of Dogecoin is 74, which means that the market sentiment is biased towards greed.

Current market conditions: In the past 30 days, Dogecoin has been on an upward trend 47% of the time (14/30 days), but the price volatility is high, with a volatility of 11.78%, which indicates that the market is more uncertain.

Price prediction: In the short term, Coincodex's algorithm believes that now is not a good time to buy Dogecoin, and the price may plummet to $0.28 in January 2025.

2. Long-term bullish: rebound to more than $1?

Despite the short-term bearishness, in March 2025, Coincodex's forecast began to turn optimistic, predicting that Dogecoin has the potential to rebound to $1.3. However, this price level is still considered the highest point in this round of market cycle.

Tardigrade's prediction: Some analysts hold a different view. Trader Tardigrade predicts that if Dogecoin can replicate the performance of the 2021 bull market, the price may climb to $30. This prediction is contrary to Coincodex's view and shows the high uncertainty in the market.

3. Dima James' prediction: rise to $11

Dima James, another cryptocurrency analyst, predicts that the price of Dogecoin will rise to $11 in 2025. Based on James' analysis of Dogecoin's historical trends, he pointed out that Dogecoin has a significant increase in the fourth year of each cycle. For example, in the first cycle, Dogecoin rose from $0.00023 to $0.000851, a 37-fold increase in price. He believes that this historical performance may be repeated in the next few years, pushing the price of Dogecoin to $11.

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