As the larger part of the cryptocurrency market returns to sideways trading mode, Dogecoin (DOGE) is following the trend, and machine learning (ML) algorithms do not predict the situation to go any better for the dog meme token by the end of October either.

Keeping in mind the uneventful trading pattern of Dogecoin, Finbold has consulted the algorithms over at the cryptocurrency analytics and forecasting platform PricePredictions, which have set the price of DOGE at $0.060218 by October 31, 2023, as per data on October 6.

Dogecoin의 사건 없는 거래 패턴을 염두에 두고 Finbold는 10월 6일 데이터에 따라 2023년 10월 31일까지 DOGE 가격을 $0.060218로 설정한 암호화폐 분석 및 예측 플랫폼 PricePredictions의 알고리즘을 참조했습니다.

Indeed, should the above prediction, based on key technical Analysis (TA) indicators like Bollinger Bands (BB), relative strength index (RSI), moving average convergence divergence (MACD), and others, come true, it would result in a 1.26% price decrease for DOGE from its current amount.

It is also worth noting that the price prediction algorithm over at the crypto analytics platform CoinCodex is even more bearish than that by PricePrediction, placing Dogecoin’s price at $0.053794 by October 31, 2023, which suggests a decrease of 11.79% if it proves correct.

또한 암호화폐 분석 플랫폼인 CoinCodex의 가격 예측 알고리즘이 PricePrediction의 알고리즘보다 훨씬 더 약세를 보이고 있으며, 2023년 10월 31일까지 Dogecoin의 가격을 0.053794달러로 설정했으며, 이것이 옳다면 11.79%의 감소를 제안합니다.

DOGE price analysis

As for the current price of DOGE, at press time, it stood at $0.060986, which represents an increase of 0.11% in the last 24 hours, as it tries to reverse the loss of 1.13% across the previous seven days and a 4.41% decline from the past month, as the latest charts suggest.

DOGE의 현재 가격은 보도 당시 $0.060986으로 지난 7일 동안 1.13%의 손실과 4.41%의 하락을 되돌리려고 시도하면서 지난 24시간 동안 0.11%의 상승을 나타냈습니다. 최신 차트에서 알 수 있듯이 지난달부터.

All things considered, the current atmosphere in the crypto industry does seem to favor bearish sentiment in terms of DOGE price in the near future. However, it is important to remember that the price of any digital asset depends on multiple factors interacting with each other and that the situation could change at any point.

모든 것을 고려해 볼 때, 암호화폐 업계의 현재 분위기는 가까운 미래에 DOGE 가격 측면에서 약세 정서를 선호하는 것으로 보입니다. 그러나 모든 디지털 자산의 가격은 서로 상호 작용하는 여러 요인에 따라 달라지며 상황은 언제든지 바뀔 수 있다는 점을 기억하는 것이 중요합니다.

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