Dogecoin forms green weekly candle after four red ones
Price moves through Gaussian Channel mid-band
Trendline points toward potential $1 target
Dogecoin’s price action is drawing attention again as technical indicators on the Dogecoin weekly chart suggest a potential bullish reversal. After four consecutive red weekly candles, the current week is showing signs of strength, forming a green candle that is pushing through the mid-band of the Gaussian Channel.
This development often signals the start of an upward momentum shift, especially when supported by increasing volume and favorable market sentiment. Traders and investors are watching closely to confirm whether this pattern continues into the next few weeks.
Breaking the Trendline: $1 in Sight?
A significant trendline resistance is aligning near the $1 mark — a psychological and technical barrier for Dogecoin. If current momentum continues and the price closes above the mid-band of the Gaussian Channel, this resistance could be tested soon.
The last time Dogecoin approached this level was during the broader bull run, and reclaiming it would suggest strong market interest. While the $1 level remains a challenge, the recent weekly candle formation provides optimism for bullish traders.
#Dogecoin Weekly Chart with the Gaussian Channel shows four completed red candles, with the current week's candle potentially passing through the mid-band, forming a green candle.
Trendline resistance targets the price near the $1 mark $Doge pic.twitter.com/lwjOy3GD1Z
— Trader Tardigrade (@TATrader_Alan) April 29, 2025
What to Watch Next
As always, it’s crucial to observe volume and broader market conditions. Confirmation of a trend reversal would ideally come with a breakout above the recent highs and sustained buying pressure. If these align, Dogecoin weekly chart analysis supports a retest of $1 in the coming weeks.
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The post Dogecoin Eyes $1 as Bullish Signal Appears on Weekly Chart appeared first on Coinomedia.com.
