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Dogecoin Gaussian Channel Turns Green On The 4-Hour Chart, Why A New ATH Above $1 Is Imminent
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Dogecoin Gaussian Channel Turns Green On The 4-Hour Chart, Why A New ATH Above $1 Is Imminent

Scott Matherson
Scott Matherson
5 months ago
3 mins read
Dogecoin

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Back in December 2024, the Dogecoin price entered the Gaussian Channel following a sharp decline in price as Bitcoin suffered multiple crashes. However, even though the entry was triggered by bearish forces, Dogecoin’s entry into the Gaussian Channel was bullish and showed a tendency to recover quickly from dips. This is because the Gaussian Channel can act as a bounce-off point to possibly send DOGE soaring toward new all-time highs.

Dogecoin Gaussian Channel Flashes Green

Over the last few weeks, the Dogecoin price has been trending in the Gaussian Channel, showing evidence of bullishness but not quite completing the move. However, this is beginning to change as, for the first time, the Dogecoin Gaussian Channel has turned green.

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According to crypto analyst Trader Tardigrade, the Dogecoin Gaussian Channel recently flashed green, and this happened on the 4-hour chart. This development points to a possible breakout of the channel that has persisted for the last three weeks. It also signals the start of a possible upward move that could push the price above the coveted $1 level.

Initial targets for the Dogecoin price from here put it toward $0.5, where the most resistance currently lies for the DOGE price due to its recent peak. Once a break above the resistance is achieved, the analyst’s chart shows a massive continuation that could push the price further.

At the top of the breakout is the $1.4 target, which is an over 200% move from the current price. This target is in line with the analyst’s previous predictions for DOGE, saying that the leading meme coin was set to hit a new all-time high price soon.

Dogecoin Gaussian channel
Source: X

Analysts Bullish On DOGE Price

Despite the crash that rocked the Dogecoin price back in December 2024, crypto analysts have remained quite bullish on the meme coin. Crypto analyst Dima James shared in December that the Dogecoin price could reach double-digits this cycle.

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James used historical data to back up his prediction, showing that DOGE has a history of massive surges. Mainly, these surges happen on a 4-year cycle and with the last major surge happening in 2021, it means 2025 is next in the 4-year cycle. If this is correct, then the DOGE price could be seeing a new all-time high in the first quarter of 2025.

In another analysis reported by NewsBTC, a crypto analyst predicted that the DOGE price could rise as high as $5, forecasting a 1,500% move for the meme coin. This time around, the analyst puts the timeline somewhere between March and April, giving only a few months for this prediction to materialize.

At the time of writing, Dogecoin was trading at $0.383, 48% below its all-time high price of $0.7376 recorded in May 2021.

Dogecoin price chart from Tradingview.com
DOGE price pushed back at resistance | Source: DOGEUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
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Scott Matherson
Scott Matherson

Scott Matherson

Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.

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Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.

With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.

Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.

Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.

Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.

Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.

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