DOGE cryptocurrency trades up $0.001, approximately 0.93% higher this afternoon

After ending the previous trading day at $0.065, DOGE went up to $0.066 only to drop back; still positive overall today, now trading at $0.065.

Dogecoin could be slowing down soon as it approaches resistance at $0.066. Of course, crossing it might suggest further gains are ahead. Despite posting gains so far today, DOGE slid below its 21 day Simple Moving Average at $0.065 in earlier trade — an early indicator that a negative trend could be emerging. Dogecoin's upper Bollinger Band® is at $0.069, this is a slight indication of a slowdown. On the other hand, note that price action remains constrained around the key Fibonacci level of $0.065 currently serving as resistance

Overall, looking at the technical analysis landscape, it seems DOGE is likely to reverse course and start pointing down in the short term.

Dogecoin shows positive signs, other assets are also on par: having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Chainlink USD is up 2.68% to $6.22.

At the same time, after ending today's session at $222.9, Bitcoin Cash lost $4.62 and is trading around $218.28.

Having set a significant high of $0.142 7 months ago, Dogecoin is trading 54.49% lower. Dogecoin is currently trading with a market cap of 9.14 billion with an average daily volume of 276.98 million.