Dogecoin's Tight Bollinger Band Squeeze Signals Potential Breakout

Dogecoin (DOGE) has been trading in a narrow range near $0.07037, up 1.11% over the past 24 hours.

The Bollinger Bands on DOGE's chart are showing an unusually tight squeeze since September 2023, with the upper band at $0.07126 and the lower band at $0.06876.

This kind of squeeze often comes before a larger price swing, but it does not indicate which direction the swing will take.

Rising open interest next to a flat price points to more leveraged positions building up, which could make the next move sharper than usual.