Dogecoin (DOGE) 4-hour chart Gaussian channel soars green, is the $1 mark within reach?
In the past few weeks, Dogecoin has been trending in the Gaussian channel, with bullish signs but not yet ended. Recently, the situation has changed. The Gaussian channel on its 4-hour chart has turned green for the first time, indicating that it may break through the three-week confinement and start an upward trend, which is expected to push the price above $1.
At present, Dogecoin's initial target is $0.5, as the recent peak forms the greatest resistance. Once it breaks through, according to analyst charts, the price will soar to as high as $1.4, an increase of more than 200%, which is consistent with the previous prediction of DOGE's record high.
Although Dogecoin plummeted in December 2024, I am still optimistic about it, and the price may reach double digits in this cycle. DOGE has a history of rising every 4 years, the last time was in 2021, and 2025 is in the next cycle.
If so, it may hit a new high in the first quarter, and is expected to rise to $5, an increase of 1500%, about March to April, which can be verified in just a few months. At present, the transaction price of Dogecoin is $0.383, which is 48% lower than the peak of $0.7376 in May 2021.
