DOGE cryptocurrency trades up $0.001, approximately 2.04% higher this afternoon

Currently trading at $0.064, Dogecoin remains range-bound between $0.063 and $0.064.

Chart analysis suggests Dogecoin could be slowing down soon as it approaches resistance at $0.064. Of course, crossing it might suggest further gains are ahead. Trend and momentum analysis indicates that Dogecoin made an initial breakout above its 21 day Simple Moving Average at $0.064, a potential indicator of a newly emerging bullish phase. According to asset volatility analysis, Dogecoin's upper Bollinger Band® is at $0.068, this is a slight indication of a slowdown.

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

Other markets are also showing gains as Solana added 12.94% to its value, now trading at $18.05. Having closed the previous session at $225.23, Bitcoin Cash is up 7.35% today to currently trade at around $241.78. FTX Token leaps up 9.54% to trade around $1.36.

Dogecoin is now trading 55.96% below the significant high of $0.142 it set around 7 months ago. DOGE has a market cap of 8.94 billion with an average daily volume of 275.14 million.