A leading analyst on Wednesday flagged “major” volatility for Dogecoin (CRYPTO: DOGE) as the meme heavyweight battled geopolitical jitters like the broader cryptocurrency market.
Which Way Is DOGE Headed?
Ali Martinez took to X, highlighting a Bollinger Bands squeeze roughly between $0.874 and $0.101. They read it as a sign of an incoming “major price move.”
The Bollinger Band Squeeze occurs when the volatility drops, causing the space between the bands to tighten. When the price closes outside of bands, traders consider it a potential new breakout. This strategy is used to identify the start of new trends following periods of consolidation.
Bollinger Bands are squeezing on Dogecoin $DOGE daily chart, suggesting …Full story available on Benzinga.com
