$DOGE may be building for a big move as price volatility gauge hits four-year low, according to a chart indicator. Reports godbole17.
Dogecoin , the meme cryptocurrency known for its rapid price moves, has been unusually calm this year, underperforming market leaders bitcoin and ether by a significant margin.
The indicator illustrates periods of varying volatility relative to the price gyrations and is calculated by dividing the spread between the Bollinger bands by the 20-day simple moving average of the cryptocurrency's price. Bollinger bands are volatility lines placed two standard deviations above and below the 20-day SMA average of prices.
An usually wide or high bandwidth indicates the ongoing bullish/bearish trend is nearing an end. Meanwhile, an unusually low bandwidth suggests"the market may be about to initiate a pronounced move in either direction, as Fidelity
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
$2 Billion in DOGE Held by Robinhood Now After Big Decline in Its Dogecoin Supply200 million $DOGE moved anonymously after RobinhoodApp's Dogecoin stash suddenly shrank DogeWhaleAlert
Read more »
Dogecoin (DOGE) Transactions Go ParabolicDogecoin is now dominating the crypto scene with its transaction volume skyrocketing from under 20K to a record 2M in just a month
Read more »
Close to Billion DOGE Moved by Anon Wallets as Part of Surging DOGE Transfer VolumeAstounding amount of $DOGE shoveled anonymously after RobinhoodApp lost 8% of its Dogecoin holdings. DogeWhaleAlert
Read more »
Harry Styles’ ‘As It Was’ Breaks Longevity Record With 61st Week on Pop Airplay ChartThe song, which reigned for seven weeks in 2022, surpasses the chart run of The Weeknd’s “Blinding Lights.”
Read more »
ENHYPEN Tops Oricon’s Daily Album Chart As “DARK BLOOD” Breaks Personal Record In JapanENHYPEN Tops Oricon's Daily Album Chart As 'DARK BLOOD' Breaks Personal Record In Japan
Read more »