Dogecoin posts light gains on a low-volatility day, ranging between $0.066 – $0.07 and is now at $0.07.
Dogecoin made an initial breakout above its 5 day Simple Moving Average at $0.067, a potential indicator of a newly emerging bullish phase. Dogecoin could be slowing down soon as it approaches resistance at $0.069. Of course, crossing it might suggest further gains are ahead.
Overall, looking at the technical analysis landscape, it seems Dogecoin might continue pointing upwards in the short term.
Dogecoin is now trading 28.27% below its 3-month high of $0.16. DOGE has a market cap of 9.23 billion with an average daily volume of 363.49 million.