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Dogecoin Chart Pattern Suggests Volatility Explosion Ahead

Dogecoin (DOGE), the meme cryptocurrency known for its rapid price moves, has been unusually calm this year, underperforming market leaders bitcoin (BTC) and ether (ETH) by a significant margin. One technical analysis indicator called Bollinger bandwidth suggests it may be the calm before the storm. 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 (SMA) of the cryptocurrency's price. Periods of rising volatility are marked by a sharp increase in the distance between the two bands and the widening of the bandwidth.

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