Tentatively higher from an earlier low of $0.078, DOGE is up to $0.08 today, adding $0.002, or 2.28%, to today's closing price of $0.079.
Dogecoin made an initial breakout above its 50 day Simple Moving Average at $0.079, a potential indicator of a newly emerging bullish phase. DOGE's lower Bollinger Band® is at $0.077, indicating that the market is oversold and fertile for new buyers. In contrast, DOGE could be slowing down soon as it approaches resistance at $0.081. Of course, crossing it might suggest further gains are ahead.
Examining the technical analysis landscape, Dogecoin might continue its downtrend in the short term.
DOGE shows positive signs, other assets are also on par: FTX Token leaps up 9.54% to trade around $1.36. Ripple goes up 4.9% to trade around $0.472. Binance Coin goes up 3.38% to trade around $332.36.
DOGE has fallen back around 48.84% over the past 11 months, from a notable high of $0.153. Dogecoin is currently trading with a market cap of 11.17 billion with an average daily volume of 1.12 billion.