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.

继 11 月 6 日至 12 日飙升 159% 后，狗狗币 (DOGE) 已进入较高区间盘整期。 11 月 18 日，著名的 memecoin 形成了每日看涨吞没蜡烛，引发市场猜测，该货币将再次攀升至 0.73 美元的历史高点。

Dogecoin 1-day chart. Source: TradingView

狗狗币 1 日图表。来源：TradingView

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

随着市场再次关注 DOGE，一项具体指标表明未来几周很有可能再次出现抛物线反弹。

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

狗狗币的“高斯通道”预示着即将突破

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.

市场模式分析师 Trader Tardigrade 在 X 帖子中观察到，狗狗币准备根据高斯通道复制其历史价格轨迹。

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

高斯通道是一种利用资产分布原理识别价格行为通道上限和下限的指标。

Dogecoin weekly analysis by Tardigrade. Source: X.com

Tardigrade 的狗狗币每周分析。来源：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带线的支撑。如果历史重演，交易员预测 DOGE 将出现“令人难以置信的上涨”。

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.

与此同时，独立交易员贾维恩·马克斯 (Javion Marks) 认为，狗狗币重新测试之前的历史高点 (ATH) 0.73 美元“实际上迫在眉睫”。马克斯将 2016 年、2021 年和 2024 年的抛物线反弹进行了比较，每次都会出现类似的情况。

Related: Why is Dogecoin price up today?

相关：为什么狗狗币今天价格上涨？

Dogecoin Rally May Reach $3-$5

狗狗币涨势可能达到 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.

虽然高斯通道预测抛物线上涨超过 1 美元，但上限目标是根据 DOGE 之前的投资回报率 (ROI) 百分比，使用回报递减定律计算的。

Dogecoin 1-week chart. Source: TradingView

狗狗币 1 周图表。来源：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.

如图所示，蓝色曲线代表对数尺度的收益递减。狗狗币预计到 2025 年将达到 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.

从历史上看，DOGE 在突破期间遇到了低于之前 ATH 的阻力。因此，memecoin 在经历快速价格发现阶段之前可能会逐渐升至 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:

数据分析平台 Santiment 注意到 DOGE 钱包活动在过去一天有所下降。从链上的角度来看，这是一个看涨信号，表明：

"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."

“当一个网络的钱包总量下降时，这是新手交易者感到恐惧和投降的迹象，这通常是代币价格的看涨指标（因为这些清算的代币很可能被更大的鲸鱼和鲨鱼购买，而这些鲸鱼和鲨鱼正在持有比特币）长期。”

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

相关：价格分析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.

请注意，本文不构成投资建议或推荐。所有投资和交易均涉及风险，读者在做出决定之前应自行研究。