Close Menu
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
What's Hot

A7A5 under fire as EU weighs sanctions on ruble-pegged stablecoin

October 7, 2025

Regional Crypto Power Balance Is Shifting as Japan ‘Ready to Pop’

October 7, 2025

Central Bank To Track Every Crypto Ruble

October 7, 2025
Facebook X (Twitter) Instagram
Tuesday, October 7 2025
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
StreamLineCrypto.comStreamLineCrypto.com

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

November 1, 2024Updated:November 1, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Dogecoin Bollinger Bands Squeezes Tighter Than It Was Before 2021 Rally, What This Means
Share
Facebook Twitter LinkedIn Pinterest Email
ad


Este artículo también está disponible en español.

Dogecoin has had fairly an eventful few days when it comes to value motion, buying and selling quantity, buying and selling exercise, and curiosity amongst buyers. Dogecoin led all the market in inflows, outperforming even Bitcoin up to now week. This momentum has launched a compelling shift in Dogecoin’s technical outlook, notably with the Bollinger Bands on the DOGE/BTC chart.

This attention-grabbing outlook was highlighted by crypto analyst Tony Severino, who identified that the Bollinger Bands have tightened to a level not seen in years. Actually, Severino notes that the bands are actually tighter than they had been earlier than Dogecoin’s rally in 2021. 

Dogecoin Bollinger Bands Squeeze To Tightest Stage

Bollinger Bands are extensively used technical indicators that mark value volatility boundaries. When the bands slim, it typically indicators low volatility. However, widening bands point out excessive volatility. A squeeze, the place the bands transfer nearer collectively, means that the asset is buying and selling inside a good vary. Within the case of Dogecoin, Severino’s remark notes that the DOGE/BTC Bollinger Bands are actually nearer than they’ve ever been on the month-to-month timeframe.

Associated Studying

The final the Bollinger bands had been at such a squeeze was simply earlier than the 2021 rally, which noticed the meme coin surge exponentially throughout the meme coin craze. Going by the historical past of the Dogecoin-Bitcoin pair, if the result performs out like its earlier value motion, Dogecoin could possibly be on the cusp of a powerful rally within the coming months that would even result in extra returns than the 2024 rally. 

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

DOGE Breakout From Three-Yr Channel

As famous earlier, Dogecoin’s rally over the previous few days has been spectacular. Notably, Dogecoin went on a 72% rally to peak at $0.176, its highest level in over six months. This upward momentum allowed Dogecoin to interrupt out of a three-year-long channel sample on the value chart outlined by a downward-sloping higher trendline relationship again to the 2021 excessive. This breakout is critical, because it marks Dogecoin’s transfer past a key resistance degree that had contained its development for the reason that 2021 peak. 

Associated Studying

Dogecoin 2
Supply: X

The chance of a Dogecoin rally within the upcoming months has elevated massively on account of this breakout, though there stays a risk of a retest. In accordance with a crypto analyst on social media platform X, $2 is a possible peak goal if the momentum holds. Nevertheless, you will need to be aware that a number of resistance ranges lie between the present value and this formidable goal. Two examples of notable resistance ranges are the 2024 excessive of $0.22 and the all-time excessive of $0.7316.

On the time of writing, the Dogecoin value is buying and selling at $0.1585, which suggests it has reversed by about 10% from $0.176 to retest the channel breakout. 

Dogecoin price chart from Tradingview.com
DOGE value maintains $0.16 help | Supply: DOGEUSDT on Tradingview.com

Featured picture created with Dall.E, chart from Tradingview.com



Source link

ad
bands Bollinger Dogecoin Means Rally Squeezes Tighter
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Related Posts

A7A5 under fire as EU weighs sanctions on ruble-pegged stablecoin

October 7, 2025

Regional Crypto Power Balance Is Shifting as Japan ‘Ready to Pop’

October 7, 2025

Central Bank To Track Every Crypto Ruble

October 7, 2025

Partners With Chainlink For On-Chain US Economic Data

October 7, 2025
Add A Comment
Leave A Reply Cancel Reply

ad
What's New Here!
A7A5 under fire as EU weighs sanctions on ruble-pegged stablecoin
October 7, 2025
Regional Crypto Power Balance Is Shifting as Japan ‘Ready to Pop’
October 7, 2025
Central Bank To Track Every Crypto Ruble
October 7, 2025
Partners With Chainlink For On-Chain US Economic Data
October 7, 2025
Crypto history made as Bitcoin price tops $125,600: is $150k next?
October 6, 2025
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
© 2025 StreamlineCrypto.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.