Key Takeaways
- Dogecoin drops nearly 15% in 24 hours, triggering a critical retest.
- Price action mirrors 2017’s breakout cycle, based on Gaussian Channel analysis.
- Potential for a bullish rally remains, with a projected ROI of up to 284% by 2025.
Dogecoin has taken a sharp downturn, currently priced at $0.1424, a drop of 14.98% in the past 24 hours and a 28.04% plunge over the last 30 days. While these numbers paint a bearish picture, beneath the surface lies a technical setup that hints at a historical repetition.
The meme-coin has re-entered a crucial zone in the modified Gaussian Channel, undergoing its second retest of the mid-band support. This pattern isn’t new for Dogecoin.
The same type of setup happened during its 2017 cycle, just before the asset jumped over 9,000%. The below given chart currently being monitored positions the 2021–2025 cycle alongside the 2014–2017 run. The structure overlap stokes speculation that DOGE is setting itself up for another explosive move.
The Gaussian Channel tool, which is commonly applied to smooth out prices and identify trend changes, demarcates various zones of momentum. Red zones indicate phases of consolidation, while green zones tend to be followed by steep price ascents.
The recent second retest of the mid-band is indicating a similar course as 2017, as Dogecoin was building towards its initial major bull breakthrough.
Historical Chart Parallels Paint a Bullish Outlook
The contrast with DOGE’s previous cycle is remarkable. From 2014 to 2017, Dogecoin fluctuated at levels of $0.0002 for almost three years before moving into a green momentum zone in early 2017. It took just months of that before the value rocketed to $0.017, generating enormous returns.
Forward to the 2021–2025 chart: Dogecoin made its all-time high at the level of almost $0.7316 in May 2021 before falling back into a long-term correction, repeating its earlier red zone.
By 2023, DOGE had fallen to about $0.0500. Then in early 2024, the token resumed its rise, climbing to $0.4385 by November, again creating the same green zone trend from 2017.
Currently in April 2025, the token seems to be replicating the exact mid-band retest of earlier cycles. And very prominently, orange triangle markers drawn on the upper band of the Gaussian Channel are coinciding with historical breakout points, adding extra fuel to the bull case.
Price Targets Vary, But Sentiment Remains Optimistic
Some are speculating on prices ranging from $2.5 to $11, but other platforms such as Changelly are making more realistic projections. According to their 2025 forecast, a support level of $0.193 can be expected with a possible peak of $0.471, with the average trading value at $0.749.
This gives Dogecoin a possible return of over 284.2% from current levels. Still, if the Gaussian Channel pattern continues to play out as it did in 2017 and 2021, then Dogecoin may be facing its next major rally phase.
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