Dogecoin Gaussian Channel Turns Green On 4-Hour Chart, Signaling New ATH Above $1
After Bitcoin crashed many times in December 2024, Dogecoin entered the Gaussian Channel. Despite negative circumstances triggering the entrance, Dogecoin's Gaussian Channel entry was bullish and recovered rapidly from troughs. The Gaussian Channel may bounce DOGE to new highs.
Gaussian Dogecoin Channel Flashes Green
Dogecoin has been moving in the Gaussian Channel for weeks, exhibiting bullishness but not yet completing the rise. For the first time, the Dogecoin Gaussian Channel is green.
On the 4-hour chart, crypto expert Trader Tardigrade reported the Dogecoin Gaussian Channel flashing green. This suggests the three-week-old channel may break. It also suggests an upward surge that might bring the price over $1.
After its recent top, Dogecoin's first goals are $0.5, where the biggest resistance resides. After a breach over resistance, the analyst's chart suggests a big continuation that might drive the price higher.
The breakthrough goal of $1.4 is approximately 200% higher than the current price. The expert previously predicted that DOGE, the top meme cryptocurrency, will reach a new all-time high price.
Crypto researchers remain optimistic about Dogecoin after its December 2024 meltdown. In December, crypto expert Dima James predicted double-digit Dogecoin prices.
James' prognosis was supported by DOGE's history of huge surges. The previous large increase occurred in 2021, hence 2025 is next in the 4-year cycle. This might put DOGE at an all-time high in the first quarter of 2025.
A crypto expert forecasted a 1,500% increase in DOGE prices to $5. This time, the expert predicts March or April, providing just a few months for this forecast to come true.
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