The machine learning algorithm of Coincodex website has predicted a steep decrease in Dogecoin price in January 2025. According to the forecast, Dogecoin price will drop by 10.62% by January 27th to $0.28. This decline is based on technical indicators showing a bearish market sentiment. The fear and greed index at 74 indicates market greed. Dogecoin has seen 47% green days in the past 30 days with fluctuations of 11.78%. Based on this pattern, it is not a good time to buy this meme coin now. The price prediction for Dogecoin in February 2025 is also bearish, suggesting it will remain at $0.28. However, it is likely to surpass the psychological level of $1 in March 2025. The price may reach $1.3, but this level is likely to be the price ceiling for Dogecoin in this market cycle. This prediction differs from some other analysts like Tardigrade, who believes Dogecoin could reach $30 in March 2025. Another analyst, Dima James, predicts Dogecoin price to increase to $11 in 2025. By analyzing previous Dogecoin cycles, he points to a 37x price increase in the fourth year of each cycle. Therefore, if 2024 ends at $0.315, Dogecoin price will reach $11.65 by the end of 2025. Currently, Dogecoin is around $0.31 and has decreased by about 1% in the past 24 hours. You can track the prices of all tokens and cryptocurrencies live on the Momentary Digital Currency Prices page.
