Dogecoin (DOGE) has reached a pivotal juncture on its four-hour chart, according to a new technical analysis shared by crypto analyst Satori (@Satori_BTC). The chart, posted on X, highlights Dogecoin’s current interaction with the middle band of the Bollinger Bands—often used to measure volatility and potential support/resistance levels—around $0.19.
Dogecoin At A Crucial Level
Satori notes that $0.19 represents the middle band, which aligns closely with a horizontally drawn support zone on the chart. In the past, this region has visibly acted as a price floor, evident from multiple candle bodies and wicks converging near this level.
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The Bollinger Bands themselves, displayed as red (upper band) and green (lower band) envelopes, are narrowing compared to earlier periods, suggesting that market volatility could soon pick up
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