Following a 159% surge between November 6-12, Dogecoin (DOGE) has entered a higher-range consolidation period. On November 18, the prominent memecoin formed a daily bullish engulfing candle, sparking market speculation of another climb toward its all-time high of $0.73.

繼 11 月 6 日至 12 日飆升 159% 後，狗狗幣 (DOGE) 已進入較高區間盤整期。 11 月 18 日，著名的 memecoin 形成了每日看漲吞噬蠟燭，引發市場猜測，該貨幣將再次攀升至 0.73 美元的歷史高點。

Dogecoin 1-day chart. Source: TradingView

狗狗幣 1 日圖表。來源：TradingView

As the market focuses on DOGE once more, a specific indicator suggests a high probability of another parabolic rally in the coming weeks.

隨著市場再次關注 DOGE，一項具體指標表明未來幾週很有可能再次出現拋物線反彈。

Dogecoin's "Gaussian Channel" Points to an Impending Breakout

狗狗幣的「高斯通道」預示著即將突破

Trader Tardigrade, a market pattern analyst, observed in an X post that Dogecoin is poised to replicate its historical price trajectory based on the Gaussian channel.

市場模式分析師 Trader Tardigrade 在 X 貼文中觀察到，狗狗幣準備根據高斯通道複製其歷史價格軌跡。

A Gaussian channel is an indicator that identifies the upper and lower price action channels using the principle of asset distribution.

高斯通道是一種利用資產分佈原理來識別價格行為通道上限和下限的指標。

Dogecoin weekly analysis by Tardigrade. Source: X.com

Tardigrade 的狗狗幣每週分析。來源：X.com

Tardigrade's analysis shows that DOGE has found support from the mid-band line of the Gaussian channel for the third time. If history repeats, the trader predicts "an incredible PUMP" for DOGE.

Tardigrade的分析表明，DOGE第三次找到了高斯通道中帶線的支撐。如果歷史重演，交易員預測 DOGE 將出現「令人難以置信的上漲」。

Meanwhile, independent trader Javion Marks believes Dogecoin's retest of its previous all-time high (ATH) at $0.73 is "practically imminent." Marks has drawn parallels between parabolic rallies in 2016, 2021, and 2024, with similar setups occurring each time.

與此同時，獨立交易員賈維恩馬克斯 (Javion Marks) 認為，狗狗幣重新測試之前的歷史高點 (ATH) 0.73 美元「實際上迫在眉睫」。馬克斯將 2016 年、2021 年和 2024 年的拋物線反彈進行了比較，每次都會出現類似的情況。

Related: Why is Dogecoin price up today?

相關：為什麼狗狗幣今天價格上漲？

Dogecoin Rally May Reach $3-$5

狗狗幣漲勢可能達 3-5 美元

While the Gaussian channel projects a parabolic rise beyond $1, the upper limit target was calculated using the laws of diminishing returns, based on DOGE's previous Return on Investment (ROI) percentage.

雖然高斯通道預測拋物線上漲超過 1 美元，但上限目標是根據 DOGE 之前的投資回報率 (ROI) 百分比，使用回報遞減定律計算的。

Dogecoin 1-week chart. Source: TradingView

狗狗幣 1 週圖表。來源：TradingView

As seen in the chart, the blue curve represents diminishing returns on a logarithmic scale. Dogecoin is expected to reach between $3 and $5 in 2025.

如圖所示，藍色曲線代表對數尺度的收益遞減。狗狗幣預計到 2025 年將達到 3 至 5 美元。

Historically, DOGE has encountered resistance below its previous ATH during breakouts. Therefore, the memecoin may gradually rise above $0.73 before experiencing a rapid price discovery phase.

從歷史上看，DOGE 在突破期間遇到了低於先前 ATH 的阻力。因此，memecoin 在經歷快速價格發現階段之前可能會逐漸升至 0.73 美元以上。

Data analytics platform Santiment has noted a decline in DOGE wallet activity over the past day. From an onchain perspective, this is a bullish sign, indicating:

數據分析平台 Santiment 注意到 DOGE 錢包活動在過去一天有所下降。從鏈上的角度來看，這是一個看漲訊號，顯示：

"When a network's overall amount of wallets declines, it is a sign of FUD and capitulation from novice traders that is often a bullish indicator for the coin's price (since those liquidated coins are likely being bought by larger whales and sharks who are hodling for the long-term."

「當一個網路的錢包總量下降時，這是新手交易者感到恐懼和投降的跡象，這通常是代幣價格的看漲指標（因為這些清算的代幣很可能被更大的鯨魚和鯊魚購買，而這些鯨魚和鯊魚正在持有比特幣）長期。

Related: Price analysis 11/18: SPX, DXY, BTC, ETH, SOL, BNB, XRP, DOGE, ADA, SHIB

相關：價格分析11/18：SPX、DXY、BTC、ETH、SOL、BNB、XRP、DOGE、ADA、SHIB

Please note that this article does not constitute investment advice or recommendations. All investments and trading involve risk, and readers should conduct their own research before making decisions.

請注意，本文不構成投資建議或推薦。所有投資和交易均涉及風險，讀者在做出決定之前應自行研究。