Technical Indicator Confirms Long-Term Bullish Momentum for Dogecoin

Dogecoin is maintaining support above $0.22 despite recent volatility. A technical indicator, the Gaussian Channel, suggests a long-term bullish trend remains intact.

Gaussian Channel Analysis

Dogecoin's price has declined 47% from a high of $0.4159 since mid-January.
Compared to its multi-year high of $0.475 in December 2024, it has corrected approximately 54%.
Bearish signals include rejection at macro resistance and failure to reclaim the macro golden pocket.
Despite this, Dogecoin appears to maintain an uptrend in the long term according to weekly candlestick analysis.
The Gaussian Channel indicates continued upward momentum, with green zones reflecting periods of growth.

Trader Tardigrade identified that Dogecoin remains in the green zone on the Gaussian Channel, emphasizing sustained long-term uptrend potential.

Price Projections

Potential rally targets include resistance levels at $0.3, $0.4, and a multi-year high of $0.475.
If buying pressure increases, Dogecoin may retest its all-time high of $0.7316.
Long-term forecasts suggest Dogecoin could exceed $1 and potentially reach as high as $4.1.

Current trading price is $0.247, up 1.5% in the last 24 hours but down 25% since February began.