After six days of declines, Dogecoin is up $0.002 today

Dogecoin posts light gains on a low-volatility day, ranging between $0.081 – $0.084 and is now at $0.083.

Dogecoin made an initial breakout above its 3 day Simple Moving Average at $0.083, a potential indicator of a newly emerging bullish phase. Price action remains constrained around the key Fibonacci level of $0.083 currently serving as resistance Despite this, DOGE price action is currently oscillating around the $0.083 resistance level with prices moving above and below several times during the session.

Following today's unexpected gains, extensive multifactorial technical analysis forecasts Dogecoin to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the Dogecoin is expected to pick up significant bullish sentiment in the coming days.

Dogecoin shows positive signs, other assets are also on par: FTX Token is up 9.54%. Bitcoin Cash is up 1.13%.

At the same time, TRON trades close to $0.067, with no major change.

Having set a significant high of $0.153 11 months ago, Dogecoin is trading 46.92% lower. Dogecoin is currently trading with a market cap of 11.55 billion with an average daily volume of 869.44 million.