Dogecoin's recent bearish performance has raised doubts about its potential in the ongoing bull market cycle and its long-term prospects.
Trader Tardigrade, a market expert, foresees a significant bullish run for Dogecoin, expecting a price reversal and potential upside.
DOGE is approaching the mid-band of the Gaussian Channel formation, signaling a potential rebound and a chance for a rally to yearly highs of around $0.48.
The ongoing correction in DOGE's price is considered a natural pullback that typically precedes a major upward surge, potentially driving the meme coin to target a new all-time high of $1.