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

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

Quick Summary:

Dogecoin Bollinger Bands Hint At Huge Move’ The chart, captured at 03:54 UTC on May 21, fixes the memecoin at $0.22967 while the 20-period simple moving average (the Bollinger basis) tracks marginally lower at $0.22717.

In a fresh 12-hour chart shared on X, independent technician Cantonese Cat (@cantonmeow) underscores what he calls a "Bollinger Band squeeze” on Dogecoin, hinting that volatility could be about to erupt.

Conversely, a candle body punched through the lower rail at $0.212 would nullify the short-term bullish structure and likely drag Dogecoin toward the psychological $0.20 handle and May’s value area near $0.16.