Dogecoin Bollinger Bands Squeezes Tighter Than It Was Before 2021 Rally, What This Means

Quick Summary:

In fact, Severino notes that the bands are now tighter than they were before Dogecoin’s rally in 2021.  Dogecoin Bollinger Bands Squeeze To Tightest Level Bollinger Bands are widely used technical indicators that mark price volatility boundaries.

Related Reading: Ethereum Price Completes 12 Weeks Of Bottom Formation, Analyst Says Don’t Aim Lower Than $4,900 ATH The last the Bollinger bands were at such a squeeze was just before the 2021 rally, which saw the meme coin surge exponentially during the meme coin craze.

Going by the history of the Dogecoin-Bitcoin pair, if the outcome plays out like its previous price action, Dogecoin could be on the cusp of a strong rally in the coming months that could even lead to more returns than the 2024 rally.  DOGE Breakout From Three-Year Channel As noted earlier, Dogecoin’s rally over the past few days has been impressive.

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Author / Journalist: Scott Matherson

Category: Crypto

Markets: United Kingdom

Topics: Doge Doge price Dogecoin Dogeusd Crypto news Dogecoin news Dogeusdt Crypto analyst Analyst Crypto Dogecoin price DOGE news

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Published On: 2024-11-01 @ 23:00:09 (12 hours ago)

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