Dogecoin (DOGE) is currently experiencing an unprecedented period of stability. However, according to a technical analysis indicator known as Bollinger Bandwidth, this tranquil phase may soon come to an end, paving the way for a significant and potentially explosive price swing in the foreseeable future.
Such a volatility explosion in the price of Dogecoin could have far-reaching consequences for traders and investors. It could ignite a new wave of interest, drawing in fresh capital and pushing the cryptocurrency to new heights.
Alternatively, a sharp downturn could trigger a cascade of sell-offs, causing the price to plummet and leading to substantial losses for those caught on the wrong side of the trade.
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Understanding Dogecoin’s Impending Volatility
The Bollinger bandwidth, a derivative of the popular Bollinger Bands indicator developed by renowned analyst John…
