Exploring the Possibility of Dogecoin Hitting $5 Using Gaussian Channels

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One analyst says DOGE could rally 5,000% from its current price, based on a Gaussian channel analysis.

Following a 159% rise between Nov. 6 and Nov. 12, Dogecoin (DOGE) has exhibited a period of higher-range consolidation. On Nov. 18, the largest memecoin completed a daily bullish engulfing candle, which welcomed market speculations for its next ascend near its all-time high of $0.73.


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