Dogecoin is back in the spotlight after a 159% surge earlier this month. The popular memecoin is now consolidating, with analysts speculating on its next move. A key indicator, the Gaussian Channel, suggests DOGE might be gearing up for another big rally. Historically, Dogecoin has gained support from this channel, hinting at a potential price surge.

Independent trader Javion Marks sees a retest of its all-time high as likely, drawing parallels with past rallies. While some predict a climb to $3-$5 by 2025, caution is advised. Recent data shows a decline in wallet activity, often seen as a bullish sign, as larger investors may be buying up coins.