COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Dogecoin Faces Challenges Amid Market Pressure
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Dogecoin (DOGE) > Dogecoin Faces Challenges Amid Market Pressure
Dogecoin (DOGE)

Dogecoin Faces Challenges Amid Market Pressure

In Brief

  • Dogecoin struggles against market-wide selling pressure.

  • AI predicts DOGE will drop to $0.084256 by August 31, 2024.

  • Analyst Kaleo foresees DOGE falling below $0.07 before rising above $1.

COINTURK NEWS
COINTURK NEWS 11 months ago
Share
SHARE

The largest memecoin, Dogecoin (DOGE), is struggling against the widespread selling pressure affecting the entire cryptocurrency market. Advanced machine learning and artificial intelligence (AI) algorithms do not predict a significant recovery for DOGE in the coming weeks.

Contents
AI’s DOGE Price PredictionDogecoin Price Analysis

AI’s DOGE Price Prediction

Dogecoin, along with Bitcoin (BTC), saw a significant price recovery in a single day after a tough week in the cryptocurrency market. However, according to the AI algorithm used by the crypto monitoring and prediction platform PricePredictions, DOGE’s price is expected to continue falling by the end of this month. The AI algorithm predicts that DOGE will drop to $0.084256 by August 31, 2024.

The AI algorithm bases this prediction on technical analysis indicators such as the Average True Range (ATR), Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Bollinger Bands (BB). The indicated price is 13.97% below DOGE’s current price, suggesting a significant risk of decline.

Dogecoin Price Analysis

DOGE is trading at $0.09793 at the time of writing, having risen over 10% in the last 24 hours. However, the price has dropped by 25% over the weekly timeframe and 10% over the monthly timeframe. These data support the AI algorithms’ predictions.

In addition to AI algorithms, cryptocurrency analyst Kaleo also predicts that DOGE will fall below the $0.07 level. Kaleo stated that after this decline, a stagnation period lasting a few months will follow, and then DOGE will rise above the $1 level, entering a “painless” period.

It is not possible to provide a definitive price projection for DOGE. Both cryptocurrency experts and AI algorithms agree that the “painful” period for the memecoin is not over yet. However, it is important to remember that trends can change rapidly based on news flow.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Watch X Money Shake Up Financial Transactions as Musk Eyes New Horizons

Dogecoin Faces Tumultuous Times: Price Fluctuations and Future Prospects

DOGE Price Braces for Potential Turbulence: Analysts Sound the Alarm

Dogecoin Surges Over 5%, Strengthens Bullish Momentum

Dogecoin Surges as Traders Seize Market Opportunities

COINTURK NEWS 6 August, 2024 - 7:18 pm 6 August, 2024 - 7:18 pm
Share This Article
Facebook Twitter
Share
Previous Article An Ethereum Wallet Moves After Nine Years
Next Article Amber Group Sells MKR Tokens for Significant Profit
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Crypto Market Trends Defy Expectations: What Lies Ahead for ICP and SOL?
Technical Analysis
Trump Fuels Crypto Surge with Surprising Statements
Cryptocurrency News
Watch X Money Shake Up Financial Transactions as Musk Eyes New Horizons
Dogecoin (DOGE)
Critical Decisions Impact Crypto Market as Global Tensions Escalate
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?