The popular meme cryptocurrency, Dogecoin (DOGE), is at risk of a significant price crash according to the Bollinger Bands indicator. Developed by John Bollinger, the indicator shows that DOGE has fallen below its median price on the weekly time frame, making it vulnerable to a further decline. If DOGE closes the week below the median, it could indicate a lack of buying power and potentially lead to a test of lower levels around $0.057. While the possibility of DOGE reaching this zone is not immediate, it is currently more likely than a rise to higher levels. The Bollinger Bands suggest weakness for DOGE and indicate the main scenario is a medium-term decline, with a potential 80% crash to $0.057 being the most pessimistic outcome.



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