Dogecoin shows signs of volatility spike on chart | coindesk JAPAN | Coindesk Japan
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Dogecoin (DOGE), a notoriously volatile memecoin, is up just 3% this year. While Bitcoin (BTC) and Ethereum (ETH), the representative crypto assets (virtual currencies), have risen by 68% and 60%, Dogecoin’s low volatility stands out, and a technical indicator predicts that volatility will increase in the future. It shows the potential for soaring. Bollinger Band Width Decreased Bollinger Band Width (BBW), a technical indicator derived from the Bollinger Bands, has remained low, suggesting that a big move is on the horizon. The width of the Bollinger Bands is calculated by dividing the difference between the two Bollinger Bands (upper and
Much has been said in recent weeks regarding how uncharacteristically calm Bitcoin has been. On weekly timeframes, volatility measures are at their lowest ever. Unfortunately, despite the record-setting lull, directionless sideways price action could continue for a lot longer. Record-Breaking Low Volatility State Could Continue Longer Bitcoin price is at…
Dogecoin has had quite an eventful few days in terms of price action, trading volume, trading activity, and interest among investors. Dogecoin led the entire market in inflows, outperforming even Bitcoin in the past week. This momentum has introduced a compelling shift in Dogecoin’s technical outlook, particularly with the Bollinger…
According to Tony Severino, a crypto analyst on X (formerly Twitter), the Bitcoin price could surge significantly to $120,000 by next week. The analyst has grounded his bullish projection on Bitcoin’s daily Bollinger Bands (BB), highlighting that these indicators are expanding while BTC displays a similar price action observed in…