$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
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