Dogecoin is firm above major support at $ 0.22 despite repeated threats to break during the week that has just finished. In the midst of these fluctuations, an interesting technical indicator suggests that the long -term Dogecoin rally is always intact.
The prospects of this technical indicator were highlighted by the merchant of the analyst of Crypto Tardigrade, who used the Gaussian chain, a tool of popular momentum, as proof that the bullish impetus of Dogecoin is always at stake despite the pressures of current sale.
The Gaussian chain shows a continuous bullish force for Dogecoin
The trajectory of the Dogecoin prices has been highlighted by a decrease since mid-January. This drop experienced a 47% drop to a summit less than $ 0.4159 on January 18. Price correction is even more pronounced during its multi -year level of $ 0.475, which it reached on December 9, 2024, from which Dogecoin is now corrected by around 54%.
This notable correction has also experienced the development of some lower signals on the Dogecoin price table. Such a lowering development is the rejection of a macro-resistance and not recovering the Macro d’Or pocket during the recent week.
However, despite the notable correction in the price of Dogecoin, the meter piece still seems to be negotiated upwards in the longer term. This long -term perspective is revealed by the analysis of Dogecoin on the weekly time of candlesticks using the Gaussian canal.
The Gaussian canal is a less known technical analysis tool that helps to identify trends and cycles in price movements by highlighting green and red areas in different market cycles. The green areas represent periods of ascending momentum, where the price should continue to grow. On the other hand, the red zones indicate periods of correction or consolidation, during which the market stops before resuming its ascending trajectory.
According to a table of Dogecoin prices shared by the merchant of the analyst of Crypto Tardigrade on the social media platform X, Dogecoin entered his last green zone on the Gaussian chain in 2024. However, despite the recent correction, he has remained in this green area, indicating that this the upward trend of Dogecoin is always active in the long term.
Image of X: Tardigrade trader
Long -term price objective for DOGE
The Gaussian canal always indicating the green area of Dogecoin, the rally could resume anytime soon. According to the late delay projection, this gathering will be sufficient to push Doge above several levels of resistance to $ 0.3, $ 0.4 and the recent multi-year summit of $ 0.475.
If the momentum is strengthened and the purchase increases, Dogecoin can even retain its summit by $ 0.7316, which has remained undisputed since the peak of the Bull Run 2021.
Beyond these immediate targets, the analysis of Tardigrade suggests that the long-term trajectory of the memes play could extend far beyond the $ 1 bar. The forecasts are considering an even more aggressive rally that could see Dogecoin climb up to $ 4.1. At the time of writing the writing moment, Dogecoin is negotiated at $ 0.247, up 1.5% in the last 24 hours, but down 25% since early February.
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