DOGE cryptocurrency trades up $0, approximately 0.35% higher this afternoon

DOGE posts light gains on a low-volatility day, ranging between $0.061 – $0.062 and is now at $0.062.

Japanese candlestick formations show a "inverted hammer” chart pattern. When it appears at the bottom of a prevailing bearish trend, as it is now, some traders would consider this as an indication of a trend reversal. Chart analysis indicates Dogecoin could be slowing down soon as it approaches resistance at $0.062. Of course, crossing it might suggest further gains are ahead.

Other markets are also showing gains as FTX Token soars 9.54% to trade around $1.36.

Meanwhile, Ripple is down $0.006 from the beginning of the session and now trades around $0.473. TRON slides down 1.17% to trade around $0.07.

DOGE reached a significant high of $0.142 around 7 months ago but has lost 56.8% since then. DOGE is currently trading with a market cap of 8.61 billion with an average daily volume of 262.11 million.