Fun

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

News Feed - 2025-05-21 10:05:05

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español.


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. 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. The upper and lower bands are parked at $0.24260 and $0.21175 respectively, compressing the trading envelope to barely three US cents and leaving just a 13.6% gap between the extremes—its tightest spread since early April’s doldrums. Dogecoin Bollinger Bands analysis | Source: X @cantonmeow


The chart lays out a clear chronology of volatility expansion and subsequent contraction. From May 6 onward Dogecoin erupted out of a month-long base, sprinting from the mid-$0.16 zone to print a local peak roughly at $0.26. That impulse detonated the bands to their widest reading in six weeks. Since then, the DOGE price has traced a shallow pull-back but—importantly—has not surrendered the 20-SMA. Each dip into the mid-$0.21 area has been absorbed, carving out progressively higher lows and turning the mid-band into dynamic support. Related Reading Dogecoin Breakout Expected Within The Next 7 Days: Analyst 1 day ago


With the bands now coiling, traders are eyeing the inflection points telegraphed by the indicator. A decisive 12-hour settlement beyond the upper rail at $0.243 would release price into open air, exposing the recent swing high at $0.27 and, beyond that.


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. Until either threshold gives way, the squeeze itself remains the story. “Bollinger band squeezing, getting ready for the next huge move,” the analyst writes fittingly. Related Reading Dogecoin On The Edge: Major Breakout Or Breakdown Imminent? 2 days ago DOGE Channel Breakout Is Brewing


Shifting up to the one-day view, Dogecoin’s action since the November-2024 peak is contained by a broad descending channel whose ceiling now descends through the $0.24 corridor. Price is camped directly beneath that upper rail at $0.231, an area that also coincides almost to the cent with the 61.8% Fibonacci retracement of the full November-high–to–mid-March-low leg ($0.234). DOGE price, 1-day chart | Source: DOGEUSDT on TradingView.com


The confluence creates a technically potent lid: a daily close above it would not only mark the first breach of the seven-month channel but would simultaneously reclaim the “golden ratio,” an event that historically invites trend acceleration.


If bulls can force settlement north of the overhead trendline and the 0.618 Fib, the next magnet resides at the 0.5 retracement ($0.2824). Beyond that, the 0.382 level at $0.3300 and the 0.236 at $0.3890 bracket the higher targets inside the channel’s former interior.


Failure here would leave a well-defined support ladder: the 200-day EMA at $0.217, the 100-day at $0.207, and the cluster around the 0.786 Fib at $0.1669. Only a decisive break of those shelves would re-energise bears sufficient to revisit the March capitulation trough at $0.13. Featured image created with DALL.E, chart from TradingView.com

News Feed

Microstrategy Acquires Another $10 Million in Bitcoin, Company Balance Sheet Nears 100K BTC
Microstrategy Acquires Another $10 Million in Bitcoin, Company Balance Sheet Nears 100K BTC On Friday, the incorporated and publicly listed business intelligence
Vienna-Based Trality Announces Free Worldwide Trading Competition With Over 60,000 USDT in Prizes
Vienna-Based Trality Announces Free Worldwide Trading Competition With Over 60,000 USDT in Prizes press release PRESS RELEASE. Trality, a leading FinTech company headquartered in Vi
Cryptocurrency Exchanges Offer Assistance to Earthquake-Hit Turkey
Cryptocurrency Exchanges Offer Assistance to Earthquake-Hit Turkey Major crypto exchanges have offered to help the people of Turkey to overcome the consequences of this week’
WATCH: Our On Tap Meetup in Tokyo United Japanese Blockchain Fans With the Global Makers
What do you get when you give a bunch of crypto fans a bunch of beer and pizza? If you answered “an amazing meetup featuring devs and explorers from all over the world,” then you’re absolutely correct.
PEPE Slips Into Correction: Here Are Key Levels To Watch For A Rebound
Este artículo también está disponible en español. After a strong upward momentum, PEPE is showing signs of fatigue, slipping into a correctional phase, with traders specu
Coinbase Launches Defi Yield Earning Service to Over 70 Countries, United States Not Included
Coinbase Launches Defi Yield Earning Service to Over 70 Countries, United States Not Included The cryptocurrency exchange Coinbase has revealed that it has made decentralized finan
What is a Helium miner and how does it work?
Dilip Kumar Patairya13 hours agoWhat is a Helium miner and how does it work?Explore Helium miner, a decentralized device that earns cryptocurrency by providing IoT network coverage and validating transactions.36406 Total
Bitcoin hosts classic Nintendo 64 emulator via Ordinals
Ezra Reguerra38 minutes agoBitcoin hosts classic Nintendo 64 emulator via OrdinalsNinjalerts CEO Trevor Owens told Cointelegraph that there’s no better place to immortalize data than on Bitcoin.236 Total views1 Total s
Crypto Owners in Serbia Reach 200,000 as Country Regulates Digital Assets
Crypto Owners in Serbia Reach 200,000 as Country Regulates Digital Assets The number of cryptocurrency holders in Serbia has climbed to around 200,000 with interest in cryptocurren
Hashdex files with SEC for combined spot Bitcoin and Ether ETF
Derek Andersen5 hours agoHashdex files with SEC for combined spot Bitcoin and Ether ETFIf approved, the crypto ETF would be the first of its kind, but probably not the last.3594 Total views4 Total sharesListen to article
Ethereum Spot ETFs Suffer $186 Million Outflows As New Year Struggles Persist – Details
Este artículo también está disponible en español. The Ethereum Spot ETFs experienced another tumultuous trading week in 2025 resulting in an overall net outflow. At the s
Ethereum Price Gains Bullish Momentum: Is a Breakout Near?
Este artículo también está disponible en español. Ethereum price started a steady increase above the $2,450 resistance. ETH is holding gains and might gain bullish moment