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

特斯拉首席执行官埃隆·马斯克(Elon Musk)支持的最大的模因代币狗狗币(Dogecoin)最近表现停滞不前。

However, DOGE may soon witness a volatility spike.

然而，狗狗币可能很快就会出现波动性飙升。

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

受欢迎的加密货币分析师阿里·马丁内斯在他的帖子中声称，狗狗币的波动性可能会增加。

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.

此时，研究狗狗币 4 小时图表上的布林带的分析师表示，狗狗币经历了 2023 年 10 月以来最紧的挤压，带隙已经收窄。

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

该分析师表示，由于这次挤压，DOGE 价格的波动性将会增加。

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

“四小时狗狗币图表上的布林线正在经历 2023 年 10 月以来最紧缩，这表明狗狗币价格波动即将加剧。”

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 四小时图表上的布林带正在经历 2023 年 10 月以来最严格的挤压，表明 DOGE 价格波动即将飙升。 pic.twitter.com/ynQNXVfhxI

— Ali (@ali_charts) February 4, 2024

— 阿里 (@ali_charts) 2024 年 2 月 4 日

What are Bollinger Bands?

什么是布林线？

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.

这些波段以其发明者约翰·布林格 (John Bollinger) 的名字命名，是一种流行的技术分析工具，可以显示任何金融资产的价格是高还是低。

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.

布林线表明资产处于超买或超卖区域。当资产价格向上限移动时，通常表示超买，当价格向下限移动时，通常表示超卖。

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.

历史数据显示，区间之间的收窄表明价格正在一定范围内盘整，并且这种收窄先于价格剧烈波动。

What Awaits Dogecoin?

狗狗币等待着什么？

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

因此，狗狗币的走势将由其紧缩后的走势决定。

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.

因为DOGE可能会因为紧缩后的高波动而跌破布林线，然后出现大幅下跌。

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

或者DOGE可能会突破上轨并将价格推至新高。

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

虽然即将到来的波动性飙升是 DOGE 价格的不确定因素，但投资者预计 DOGE 价格将出现重大变化。

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.

目前尚不清楚狗狗币将经历向上上涨还是向下下跌，投资者好奇地关注狗狗币将朝哪个方向发展。

*This is not investment advice.

*这不是投资建议。

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

继续阅读：成功的分析师警告狗狗币的高波动性：未来几天等待狗狗币投资者的是什么？