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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/analysts-predict-sharp-swings-for-dogecoin-as-interest-rises" rel="noopener noreferrer nofollow">Analysts Predict Sharp Swings for Dogecoin as Interest Rises</a><br></p>
<p style="text-align: justify"><a href="https://en.bitcoinhaber.net/technical-analysis-insights-for-dogecoin-in-the-futures-market" rel="noopener noreferrer nofollow">Dogecoin</a>, the well-known meme-inspired cryptocurrency, has recently experienced a decline, dropping below $0.079. Ali Martinez, a seasoned crypto analyst, has issued an alert for potential heightened volatility in DOGE’s price, which may result in significant market fluctuations.</p>
<h2 id="dogecoin-s-volatility-on-analysts-radar">Dogecoin’s Volatility on Analysts’ Radar</h2>
<p style="text-align: justify">Martinez broadcasted his prediction on Twitter, pointing to the constricted Bollinger Bands in a 4-hour chart as a precursor to potential price turbulence. This technical indicator, which measures market volatility and price trends, has narrowed to a squeeze not seen since October 2023, hinting at an impending volatile movement for Dogecoin.</p>
<h2 id="market-movements-and-potential-upswing">Market Movements and Potential Upswing</h2>
<p style="text-align: justify">Despite the recent price slip, DOGE’s open interest—a measure of market activity—has seen an uptick of 2.47% in the last day, reaching over $432 million. This growing interest contrasts the heavy liquidation of long positions, amounting to approximately $653,000, which some experts believe contributed to Dogecoin’s price dip.</p>
<p style="text-align: justify">As investors continue to engage with Dogecoin through derivatives, the altcoin’s immediate trajectory suggests a downward trend with a marginal 0.10% decrease in value over the past day. Nevertheless, another analyst, Crypto Patel, remains optimistic, projecting a potential future surge to a $3 price point during the current bull run, given a strong upward move from the $0.11 level.</p>
<p style="text-align: justify">Patel also sets a more conservative target of $1, conditional upon a robust breakout. This outlook stems from pattern analysis and the historical performance of Dogecoin, which previously yielded a 268-fold return in its last major bull run. The anticipation of such a significant price increase reflects both the speculative nature of cryptocurrency markets and the impact of investor sentiment on meme coins like Dogecoin.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/analysts-predict-sharp-swings-for-dogecoin-as-interest-rises" rel="noopener noreferrer nofollow">Analysts Predict Sharp Swings for Dogecoin as Interest Rises</a></h5>

Analysts Predict Sharp Swings for Dogecoin as Interest Rises

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