The price of Dogecoin has experienced significant volatility, losing over 11% in the past 24 hours and resulting in liquidations worth $35.1 million. Despite this, the Bollinger Bands indicator suggests that Dogecoin is currently oversold. The Bollinger Bands, developed by trader John Bollinger, track the 20-day moving average and deviations from it to indicate potential overbought or oversold conditions. The current situation indicates that Dogecoin may return to the Bollinger Band range in the future, although the timing of this remains uncertain.



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