DOGE cryptocurrency trades up $0, approximately 0.4% higher this afternoon

Dogecoin rallies $0 (0.4%) deep into the session, trading at $0.073.

Although up today, early price action saw Dogecoin dropping below its 21 day Simple Moving Average at $0.073 — an early indicator that a new downward trend could be emerging. Dogecoin's upper Bollinger Band® is at $0.075, this is a slight indication of a slowdown. Dogecoin could be slowing down soon as it approaches resistance at $0.073. Of course, crossing it might suggest further gains are ahead.

After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest Dogecoin is set for a reversal in the coming days.

Dogecoin shows positive signs, other assets are also on par: FTX Token surges 9.54% to trade around $1.36. Having closed the previous session at $114.92, Bitcoin Cash is up 1.48% today to currently trade at around $116.63. Ripple gained 1.07% and is now trading at $0.525.

Approximately 7 months ago, Dogecoin reached a significant high of $0.142 but has struggled to hold onto its gains and declined 48.83% since then. DOGE is currently trading with a market cap of 10.19 billion with an average daily volume of 189.38 million.