#BTCNextMove Momentum Builds Following The Recent Crash

Dogecoin’s dramatic decline below $0.27 to reach a low of $0.2663 marked a significant shift in market sentiment, and buyers appear to have seized on the low price as a strong reentry point. Interestingly, this price point is situated at the Gaussian Channel, further proving the usefulness of this indicator.

At the time of writing, Dogecoin is trading at $0.34, having increased by 27% in the past few hours after bouncing up at $0.2663. The quick rebound suggests that market participants are positioning for another rally, with the Gaussian Channel acting as a prime indicator for this price action.

If the momentum continues to sustain itself, a breakout above the channel’s upper boundary could signal the start of another strong rally. According to Trader Tardigrade’s prediction, this could send Dogecoin on a 100% rally to $0.69. In this case, an imporant level to watch will be $0.355, which is the upper boundary of the Gaussian Channel