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Dogecoin remains firm above an important support at $ 0.22 Despite repeated threats break next in the newly completed week. Amid these fluctuations, an interesting technical indicator suggests that Dogecoin’s long -term rally is still intact.
The perspective of this technical indicator It was pointed out For the merchant of the Tardigrade cryptographic analyst, who used the Gaussian channel, a popular impulse tool, as evidence that Dogecoin’s bullish impulse is still at stake despite the current sales pressures.
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The Gaussian channel shows a continuous bullish force for Dogecoin
Dogecoin’s price trajectory has been highlighted by a decrease since mid -January. This decrease has seen Dogecoin fall to 47% from a maximum of a maximum of $ 0.4159 on January 18. Price correction is even more pronounced by considering its maximum of several years of $ 0.475, which achieved on December 9, 2024, of which Dogecoin has now corrected in approximately 54%.
This remarkable correction has also seen the Development of some bearish signals In the Dogecoin pricing table. One of those bearish developments is the rejection of a macro resistance and the lack of recovery of the macro gold pocket in the last week.
However, Despite the remarkable correction In the price of Dogecoin, the meme currency seems to be operating in a long -term upward trend. This long -term perspective is revealed through the Dogecoin analysis within the weekly channel of candlesticks using the Gaussian channel.
The Gaussian channel is a less known technical analysis tool that helps identify trends and cycles in price movements by highlighting green and red areas in different market cycles. Green areas represent periods of ascending impulse, where the price is expected to continue growing. On the other hand, red areas indicate periods of correction or consolidation, during which the market stops before resuming its ascending trajectory.
According to a Dogecoin pricing table shared by the trador of late -tarded cryptography analyst on the social media platform X, Dogecoin entered its most recent green zone on the Gaussian channel in 2024. However, despite the recent correction, he has Stay in this green zone, indicating that Dogecoin’s upward trend is still active in the long term.
Image Of X: Tarded merchant
Long -term target price for doge
With the Gaussian channel even indicating the green zone for Dogecoin, the rally could be resumed in the short term. According to the projection of Tardigrade Trader, this rally will be enough to exceed multiple levels of resistance to $ 0.3, $ 0.4 and the recent maximum of several years of $ 0.475.
If the impulse increases and the purchase pressure increases, Dogecoin You can even try your maximum of all time again of $ 0.7316, which has remained unanswered from the Pico de la Carrera de Toros 2021.
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Beyond these immediate objectives, Tardigrade’s analysis suggests that the long -term trajectory of the meme currency could be extended far beyond the $ 1st brand. The forecast provides an even more aggressive rally that could see Dogecoin climbing up to $ 4.1. At the time of writing this article, Dogecoin is quoted at $ 0.247, 1.5% in the last 24 hours but 25% since the beginning of February.
Outstanding image of Thestreet, TrainingView Table
