Dogecoin, the largest meme token backed by Tesla CEO Elon Musk, has been showing a stagnant performance recently.

特斯拉執行長馬斯克(Elon Musk)支持的最大的迷因代幣狗狗幣(Dogecoin)最近表現停滯不前。

However, DOGE may soon witness a volatility spike.

然而，狗狗幣可能很快就會出現波動性飆升。

Popular cryptocurrency analyst Ali Martinez claimed in his post that there may be an increase in Dogecoin volatility.

受歡迎的加密貨幣分析師阿里馬丁內斯在他的貼文中聲稱，狗狗幣的波動性可能會增加。

At this point, the analyst examining the Bollinger Bands on Dogecoin's 4-hour chart said that DOGE has experienced the tightest squeeze since October 2023 and the band gap has narrowed.

此時，研究狗狗幣 4 小時圖表上的布林帶的分析師表示，狗狗幣經歷了 2023 年 10 月以來最緊的擠壓，帶隙已經收窄。

The analyst stated that volatility in the DOGE price will increase as a result of this squeeze.

該分析師表示，由於這次擠壓，DOGE 價格的波動性將會增加。

“Bollinger Bands on the four-hour Dogecoin chart are experiencing the tightest squeeze since October 2023, signaling an impending rise in DOGE price volatility.”

“四小時狗狗幣圖表上的布林線正在經歷 2023 年 10 月以來最緊縮，這表明狗狗幣價格波動即將加劇。”

The Bollinger Bands on #Dogecoin four-hour chart are experiencing the tightest squeeze since October 2023, signaling an impending spike in $DOGE price volatility. pic.twitter.com/ynQNXVfhxI

#Dogecoin 四小時圖表上的布林通道正在經歷 2023 年 10 月以來最嚴格的擠壓，表明 DOGE 價格波動即將飆升。 pic.twitter.com/ynQNXVfhxI

— Ali (@ali_charts) February 4, 2024

— 阿里 (@ali_charts) 2024 年 2 月 4 日

What are Bollinger Bands?

什麼是布林線？

These bands, named after their inventor John Bollinger, are a popular technical analysis tool that shows whether the price of any financial asset is high or low.

這些波段以其發明者約翰·布林格 (John Bollinger) 的名字命名，是一種流行的技術分析工具，可以顯示任何金融資產的價格是高還是低。

Bollinger Bands indicate that an asset is in an overbought or oversold zone. When the price of the asset moves towards the upper band, this usually indicates overbought, when the price moves towards the lower band, this usually indicates oversold.

布林線表示資產處於超買或超賣區域。當資產價格向上限移動時，通常表示超買，當價格向下限移動時，通常表示超賣。

Historical data reveals that narrowing between the bands indicates that the price is consolidating within a certain range and that such narrowings precede dramatic price movements.

歷史數據顯示，區間之間的收窄顯示價格正在一定範圍內盤整，而這種收窄先於價格劇烈波動。

What Awaits Dogecoin?

狗狗幣等待著什麼？

Accordingly, the direction in which Dogecoin will move will be determined by its post-tightening movements.

因此，狗狗幣的走勢將由其緊縮後的走勢決定。

Because DOGE may fall below the Bollinger band due to the high volatility that will occur after the tightening and then experience a significant price decrease.

因為DOGE可能會因為緊縮後的高波動而跌破布林線，然後出現大幅下跌。

Or DOGE may break the upper band and raise the price to new highs.

或者DOGE可能會突破上軌並將價格推至新高。

While the upcoming volatility spike is an element of uncertainty for the DOGE price, investors are expecting significant price changes in the DOGE price.

雖然即將到來的波動性飆升是 DOGE 價格的不確定因素，但投資者預計 DOGE 價格將出現重大變化。

At this point, it is unclear whether Dogecoin will experience an upward rally or a downward decline, and investors are curiously watching in which direction DOGE will move.

目前尚不清楚狗狗幣將經歷向上上漲還是向下下跌，投資者好奇地關注狗狗幣將朝哪個方向發展。

*This is not investment advice.

*這不是投資建議。

Continue Reading: Successful Analyst Warned About High Volatility in Dogecoin: What Awaits DOGE Investors in the Coming Days?

繼續閱讀：成功的分析師警告狗狗幣的高波動性：未來幾天等待狗狗幣投資者的是什麼？