"Dogecoin's Future: Volatility, Transactions, and Price Predictions"

1 min read
Source: CoinDesk
TL;DR Summary

Dogecoin's Bollinger bandwidth indicator suggests that the meme cryptocurrency may experience a volatility explosion soon, as the bands have recently tightened, pushing the bandwidth down to the lowest since February 2019. The impending volatility explosion is agnostic to price direction, meaning the big move can be bearish or bullish. Dogecoin has underperformed market leaders bitcoin and ether by a significant margin, rising just 3% this year, currently trading near $0.073 and valued at $10.22 billion.

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