Dogecoin Bollinger Squeeze Signals ‘Huge Move’ Ahead, Analyst Warns 🐶
Dogecoin's price increasingly confines within a narrow Bollinger Band range, indicating potential volatility. The Dogecoin chart, shared at 03:54 UTC on May 21, shows the coin priced at $0.22967 with Bollinger Bands indicating a critical squeeze. The gap between bands has tightened to its smallest since early April, highlighting the potential for a major price shift.
A breakout beyond the $0.243 upper band could lead Dogecoin towards $0.27, whereas slipping below $0.212 might drag it towards $0.20 or lower. A daily close above $0.234 could ignite further upward moves, challenging technical resistances. Conversely, falling below key EMAs and Fibonacci levels could reinforce bearish sentiment.
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