Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Price Enters Gaussian
Channel After Massive
Crash, Why
A 100%
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Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Price Enters Gaussian Channel After Massive Crash, Why A 100% Jump Is
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by Scott Matherson
2 hours ago
in Altcoin News , Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin
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Recent price action in the past two days saw the Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin price breaking below
supports at both $0.4 and $0.3 in quick succession to eventually reverse after
a quick break below $0.27 in the past 24 hours. Since then, the meme coin
appears to be gaining momentum, with a little-known yet significant indicator
pointing to at least a 100% increase from this point. According to technical
analysis by crypto analyst Trader Tardigrade, the recent decline has seen
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin enter the Gaussian Channel.
The Significance Of The Gaussian Channel For The Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Price
The Gaussian Channel is a comparatively less known technical indicator.
However, it is a powerful indicator that identifies areas of price support and
resistance by plotting two curves derived from normal distribution to identify
regions where a cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта s price is trading at extreme highs or
lows relative to its recent range.
Related Reading: Shiba Inu Price Crash To $0.000022 Plunges 43% Of Investors
Into Losses
In the case of Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin, technical price analysis of the daily candlestick
timeframe shows that the meme coin is now interacting with the Gaussian
Channel.
According to a chart shared on social media platform X by crypto analyst
Trader Tardigrade, Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin has been trading above the Gaussian Channel since
the middle of October on the daily timeframe. Interestingly, a detailed look
into the price chart shows that the mid-band of the Guassian Channel served as
a support level during a minor correction. At this time, Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin was trading
around $0.1, before eventually bouncing at the mid-band to reach a peak around
$0.48 on December 3.
Since then, however, Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin has faced resistance, with a notable decline in
the past 24 hours. This decline has now seen the Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin price return to the
midband of the Gaussian Channel. With this in mind, Tardigrade’s post on X
suggests that the supportive nature of the Gaussian Channel could act as a
launchpad for Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin’s next rally.
Source: X
Momentum Builds Following The Recent Crash
Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin’s dramatic decline below $0.27 to reach a low of $0.2663 marked a
significant shift in market sentiment, and buyers appear to have seized on the
low price as a strong reentry point. Interestingly, this price point is
situated at the Gaussian Channel, further proving the usefulness of this
indicator.
Related Reading: Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin Price Stuck In A Range Amid Market Crash, What
Happens When It Breaks Out?
At the time of writing, Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin is trading at $0.34, having increased by 27%
in the past few hours after bouncing up at $0.2663. The quick rebound suggests
that market participants are positioning for another rally, with the Gaussian
Channel acting as a prime indicator for this price action.
If the momentum continues to sustain itself , a breakout above the
channel s upper boundary could signal the start of another strong rally.
According to Trader Tardigrade s prediction, this could send Dogecoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Dogecoin on
a 100% rally to $0.69. In this case, an imporant level to watch will be
$0.355, which is the upper boundary of the Gaussian Channel. DOGE price sees
bullish reversal | Source: DOGEUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com