BTCC / BTCC Square / DOGE News /
DOGE Poised for Major Volatility as Bollinger Bands Squeeze Tightest Since April

DOGE Poised for Major Volatility as Bollinger Bands Squeeze Tightest Since April

Author:
DOGE News
Published:
2025-05-21 22:44:33
7
2
[TRADE_PLUGIN]DOGEUSDT,DOGEUSDT[/TRADE_PLUGIN]

Dogecoin (DOGE) is showing signs of an impending significant price movement, according to technical analysis. The cryptocurrency’s Bollinger Bands on the 12-hour chart have tightened to their narrowest gap since early April, signaling a potential breakout. Currently trading at $0.23151, DOGE’s price action is being closely watched by traders anticipating heightened volatility.

Dogecoin Bollinger Squeeze Signals ‘Huge Move’ Ahead, Analyst Warns

Dogecoin’s Bollinger Bands are flashing a critical signal. Independent analyst Cantonese Cat highlights a tightening squeeze on the 12-hour chart, with the trading envelope compressed to a mere 13.6% gap—the narrowest since early April. This contraction historically precedes explosive volatility.

The memecoin currently hovers at $0.22967, sandwiched between an upper band at $0.24260 and lower at $0.21175. Such compression mirrors conditions before May 6th’s breakout from a month-long consolidation. Market technicians are bracing for another potentially violent expansion.

Dogecoin Consolidates Near Key Resistance as Whale Activity Sparks Breakout Speculation

Dogecoin’s price action is tightening NEAR the $0.239 resistance level, with technical indicators and whale movements suggesting potential upward momentum. A transfer of 393.6 million DOGE (valued at $89 million) between anonymous wallets has amplified market attention.

The meme coin’s MVRV ratio and stock-to-flow metrics reinforce bullish sentiment, while unrealized profits among holders create a coiled spring scenario. Current trading at $0.2252 reflects a 1.63% daily gain, with traders eyeing $0.265 as the next target should resistance break.

Dogecoin Bulls Eye $0.62 as Falling Wedge Breakout Confirmed

Dogecoin’s price action has caught the attention of crypto analyst Rose, who identifies a confirmed breakout from a falling wedge pattern paired with a rounded bottom formation. This technical setup suggests a robust bullish reversal in the mid-to-long term.

With DOGE holding above $0.22, the trajectory appears decisively upward. The pattern’s measured move points to a potential surge beyond the current local high of $0.45, targeting $0.62—a level that WOULD mark a significant recovery for the meme-inspired asset.

|Square

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users