$DOGE has seen a price increase of 4.479% in the last 24 hours.
Currently, the price is nearing the upper Bollinger Band at 0.16645, indicating potential overextension.
A break above 0.16767 could signal further bullish momentum, while a drop below the lower band at 0.16135 may suggest a reversal.
Traders should consider placing a stop-loss just below the support level at 0.16167 to manage risk.
Volatility appears to be contracting, which often precedes significant price movement.
Recommended action: wait for confirmation of direction before entering trades.
