Dogecoin Price Cycle Nears New Peak: Modified 3-Day Gaussian Channel Reveals Key Red Zones

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The technical analysis indicates that Dogecoin‘s bullish trend remains strong and it hasn’t yet hit its maximum in this particular market phase, as shown by a specialized interpretation of the 3-day Gaussian Channel tool. This intriguing bullish prediction is unveiled through an adjusted version of this analytical indicator.

Specifically, it’s worth noting that after the previous market cycle, this metric has displayed three clear red areas. Historically, such a pattern has suggested that Dogecoin may soon reach a new pricing summit.

Understanding The 3-Day Gaussian Channel And Red Zones

As an analyst, I utilize the Gaussian Channel as my personal technical tool to discern patterns and cycles within the fluctuating prices of assets such as Dogecoin. In the context of Dogecoin, a modified 3-day Gaussian Channel is distinguished by alternating green and red zones across various market phases, offering valuable insights into potential trend directions.

In the green areas, you’ll find stretches where the price consistently increases, showing a strong trend. Conversely, the red sections signal times when the market is adjusting or stabilizing, halting briefly before continuing its upward climb.

Based on a technical analysis shared on social media platform X by crypto expert Trader Tardigrade, the price movements of Dogecoin are characterized by three clear-cut bearish (red) phases that occur between bullish (green) phases when using an altered Gaussian indicator.

After filling up the three designated red areas, Dogecoin then surges beyond the highest point from the previous cycle, marking a new high in the current cycle. This pattern is evident on the price chart displayed below, with these red and green zones recurring over a 3-day candlestick timeframe and covering several years. Each zone can extend for multiple weeks to months.

Peak Dogecoin Price Target Above $4.3

After hitting its last peak of $0.7316 during the previous cycle, I’ve noticed that Dogecoin has formed three consecutive red zones on my modified Gaussian channel. Given these three red zones have now been established, technical analysis indicates that Dogecoin may have found its price bottom. The following step after this bottom could be a critical one – a final green zone that, if reached, might propel the price upward and potentially toward a new peak.

currently, Dogecoin is found in the positive range within its Gaussian channel. Trader Tardigrade has predicted a significant surge towards unprecedented record highs, suggesting that the current green zone will persist. In terms of a projected price, this anticipated final move would push Dogecoin beyond the $1 barrier to reach a potential maximum of approximately $4.3.

Currently as I speak, Dogecoin stands at roughly $0.34 per coin, and it has experienced a growth of approximately 2.68% over the last 24 hours. If we were to see Dogecoin reach $4.3, this would represent an impressive surge of nearly 900% compared to its current price point.

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2025-01-12 23:11