Machine Learning Predicts May 2024 #Dogecoin Price

As April ends and the crypto market falls, Dogecoin's May prospects are not optimistic. One of the biggest losses is DOGE, which fell below $0.14. This underperformance is predicted to continue as CoinCodex's machine learning system anticipates more meme coin drop.

The algorithm predicts another 13% drop

The machine learning system predicts a 13% drop in Dogecoin prices in May, after a 14% drop last week. A machine learning technique that considers many variables showed that #DOGE remained pessimistic despite market greed.

The program predicts a 13.66% drop in meme coin prices from $0.13 to $0.1238 in May. Dogecoin is anticipated to fall 1% to $0.14 in five days.

In the long term, the machine learning algorithm does not anticipate the meme coin to achieve a new high until 2029. The meme coin's 2025 high is over $0.66, lower than its all-time high of $0.7.

The following two years are likely to be negative, with prices fluctuating between $0.126 and $0.25. A fresh record high of $1.4 is projected. Dogecoin investors would have to wait five years for fresh peaks if this happens.

Dogecoin Metrics Tell Different Stories

The machine learning algorithm is gloomy, while Dogecoin measures are optimistic. For instance, Dogecoin trade volume rose 28% in the past day. If investor interest turns into demand, the price might soar significantly.

Meme currency acquisition has increased, particularly among whales. One whale withdrew 226 million DOGE from Robinhood in two trades. Investors usually shift currencies from exchanges to private wallets to accumulate for higher pricing. This may change the tide.

As of writing, Dogecoin is trading at $0.135, down 4% in 24 hours. DOGE may challenge $0.15 resistance if it reverses. However, a collapse might return it to $0.12. $DOGE #Memecoins