Explosive Forecast: Dogecoin Set to Surpass the $1 Mark as Gaussian Channel Turns Green

Back in December 2024, the price of Dogecoin entered the Gaussian Channel after a sharp drop when Bitcoin experienced several collapses. However, despite this entry being triggered by selling pressure, Dogecoin's entry into the Gaussian Channel was a price increase, indicating a quick recovery trend after the decline. This is because the Gaussian Channel can act as a rebound point to propel DOGE to new all-time highs. Green blinking Gaussian Dogecoin channel Over the past few weeks, the price of Dogecoin has been trending within the Gaussian Channel, showing evidence of price increase but not yet completing the move. However, this is starting to change as for the first time, the Gaussian Channel of Dogecoin has turned green. According to cryptocurrency analyst Trader Tardigrade, the Gaussian Dogecoin channel has recently flashed green on the 4-hour chart. This development indicates the potential breakthrough of the channel that has been in existence for the past three weeks. It also signals the start of a potential price increase that could push the price above the dreamy $1 mark. The initial target for Dogecoin price from here is $0.5, which is currently the largest resistance for DOGE price due to its recent peak. When surpassing the resistance level, the chart from analysts indicates a strong continuation that can push the price further. The peak of the breakthrough is a $1.4 target, up over 200% from the current price. This target is in line with analysts' previous predictions about DOGE, indicating that the leading meme coin will soon reach an all-time high.

Analysts are optimistic about DOGE price Despite the crash that shook Dogecoin's price in December 2024, cryptocurrency analysts remain optimistic about this meme coin. Cryptocurrency analyst Dima James shared in December that Dogecoin's price could reach double digits in this cycle. James used historical data to support his prediction, showing that DOGE has a history of significant increases. These significant increases mainly occur in 4-year cycles, and with the most recent surge happening in 2021, it means that 2025 is the next year in the 4-year cycle. If this is true, then the price of DOGE could reach a new all-time high in the first quarter of 2025. In another analysis reported by NewsBTC, a cryptocurrency analyst predicted that the price of DOGE could rise to $5, forecasting a 1,500% increase for this meme coin. This time, the analyst set a timeframe between March and April, with only a few months to turn this prediction into reality. At the time of writing, Dogecoin is trading at $0.383, down 48% from its all-time high of $0.7376 recorded in May 2021.