Crypto analyst Ali Martinez suggests Dogecoin is poised for significant price movement.
Bollinger Bands indicate tight price volatility, similar to October 2023.
Uncertainty surrounds whether this volatility will lead to a bullish surge or a bearish collapse.
Based on technical indicators flagged by prominent crypto analyst Ali Martinez this week, meme-inspired token Dogecoin looks set to enjoy a sharp move in price action after an extended period of listless trading.
The question now becomes whether the impending volatility spike portends a bullish price surge or another collapse for the embattled DOGE.
In his recent tweet, Martinez pointed to Dogecoin’s tightening Bollinger Bands—a tool used to model price volatility—as signaling the calm before the storm. According to the analyst, DOGE’s four-hour chart shows the tightest squeeze for the wildly fluctuating asset since October 2023.
The Bollinger Bands on #Dogecoin four-hour chart are experiencing the tightest squeeze since
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