Dogecoin Price Squeeze Hints at Larger Move Ahead

Dogecoin (DOGE) has been trading in a narrow range, with its price sitting near $0.07037, up 1.11% over the past day.

The Bollinger Bands on the DOGE chart are currently showing their tightest squeeze since September 2023, which can often precede a larger price swing.

A move above the upper band at $0.07126 would indicate fresh upward momentum, while a drop below the lower band near $0.06876 would point to downward pressure.

The rising open interest of $1.2 billion suggests more leveraged positions are building up in the market, which could amplify any upcoming move.