DOGE cryptocurrency trades up $0.001, approximately 0.9% higher going into tomorrow

DOGE got off to a strong start by gaining $0.001 (+0.9%), only to run out of steam later in the session around $0.072. Currently, Dogecoin is trading around the $0.072 level.

Concerning technical analysis and more specifically, trend indicators, Dogecoin made an initial breakout above its 5 day Simple Moving Average at $0.072, a potential indicator of a newly emerging bullish phase. Asset volatility analysis shows that DOGE's upper Bollinger Band® is at $0.074, this is a slight indication of a slowdown. As the trading day comes to an end, chart analysis indicates Dogecoin could be slowing down soon as it approaches resistance at $0.072. Of course, crossing it might suggest further gains are ahead.

All in all, the technical analysis suggests Dogecoin has no clear-cut direction.

Other markets are also showing gains as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. TRON increases 1.78% to trade around $0.077. Polkadot is up 1.38%.

Having soared to a high of $0.142 approximately 6 months ago, DOGE is now trading 50.05% lower. Dogecoin has a market cap of 9.99 billion with an average daily volume of 239.35 million.