Bollinger Bands Squeeze Signals Impending Spike in DOGE Price
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- According to “ali_charts” on X, Dogecoin is set for a spike in volatility, following a Bollinger band squeeze.
- Ali showed that the indicator is experiencing its tightest squeeze since October 2023.
- The Bollinger bands squeeze coincides with a potential breakout from a descending triangle on Dogecoin’s daily chart.
According to “ali_charts” on X, a renowned technical and on-chain crypto analyst, Dogecoin is set for a spike in volatility. In a recent post on X, Ali highlighted a significant signal in the Bollinger bands indicator on DOGE’s four-hour chart. He showed that the indicator is experiencing its tightest squeeze since October 2023.
Ali attached a historical chart of the DOGE/USD pair, showing how the flagship meme coin rallied after the October Bollinger bands squeeze. He showed that DOGE surged from a $0.0569 low in a sustained rally for two months. DOGE gained almost 90% during the rally after climbing to $0.107…
The post Bollinger Bands Squeeze Signals Impending Spike in DOGE Price appeared first on Coin Edition.
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