DOGE cryptocurrency trades up $0.005, approximately 4% higher this afternoon

Tentatively higher from an earlier low of $0.093, DOGE is up to $0.1 today, adding $0.005, or 4%, to today's closing price of $0.095.

Trend analysis indicates that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. According to momentum evaluation, first developed in 1978, the relative strength index (RSI) is a momentum oscillator that measures both the speed and rate of change in price movements within a market — measured as a 0-100 index. In DOGE's case, the RSI has fallen below 30, indicating the asset is oversold. According to asset volatility analysis, Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.093, thereby suggesting that DOGE is becoming overvalued. Chart analysis indicates Dogecoin is 1 cents away from testing key resistance at $0.104. Peaking above this level could inspire market bulls and open the path to further gains.

Overall, while Dogecoin has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

DOGE 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. TRON gained 0.97% and is now trading at $0.066. Bitcoin is up 1.25%.

Dogecoin now trading 30.07% above its 3-month low of $0.053. Dogecoin has a market cap of 13.73 billion with an average daily volume of 602 million.