Two models of artificial intelligence (AI) performed a forecast for the price of the first cryptocurrency-meme Dogecoin (DOGE) by July 1.
Their versions suggest a price range from $ 0.158 to $ 0.185, depending on how the total digital asset market will develop.
At the moment, DOGE is trading at $ 0.16, having lost 2.7%over the past 24 hours, weekly losses have reached 5%.
In general, the moods around the Activa are bearish, which is confirmed by technical indicators. Dogecoin is traded below its 50-day simple sliding medium (SMA) $ 0.202 and its 200-day SMA $ 0.187, which signals the continued downward pressure.
In addition, the 14-day index of relative force (RSI) is 40.54, which indicates a neutral-bear impulse with the possibility of further decrease until the conditions of resale.
As for price prospects, by July 1, Openai Chatgpt presented three different scenarios for Dogecoin, due to the Bitcoin trajectory, market sentiments and the volume of trading.
With an optimistic scenario, if bitcoin (BTC) breaks through the key resistance levels and Dogecoin will again attract attention in social networks, the coin can grow to $ 0.175–0.185. ChatGPT emphasized DOGE sensitivity to the statements of influential persons, and the surge of the volume, according to its calculations, can run the rally by 5-10%.
With a neutral scenario, Dogecoin will be traded in a narrower range from $ 0.165 to $ 0.170, this is if bitcoin is stable and there are no important news associated with DOGE. In this case, the token can rise a little in value.
The bear’s course of events can lead to DOGE fluctuations between $ 0.158 and $ 0.162, especially if Bitcoin rolls away or DOGE loses technical support about $ 0.163. Weak sentiments, low bidding or regulation problems can accelerate movement below $ 0.16.
GROK, a prognostic model of XII, published a forecast according to which Dogecoin will reach $ 0.17 by July 1. Based on the current price of $ 0.16 and the historically unstable nature of DOGE, GROK is able to show a modest ascending speaker by supporting the community or recovery of the market.
However, he also noted the absence of strong fundamental drivers and warned that Doge could range between $ 0.15 and $ 0.19, depending on the moods on social networks or the Bitcoin movement.
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Source: Cryptocurrency
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