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February 24, 2023
Small gain for DOGE at $0.084 after ranging between $0.084 and $0.085 today.
Dogecoin's lower Bollinger Band® is at $0.08, indicating that the market is oversold and fertile for new buyers. In contrast, Dogecoin could be slowing down soon; it is getting close to the resistance line and is now at $0.086, only 1 cents away. Crossing the resistance line could, however, suggest that further gains are ahead.
Following today's unexpected gains, extensive multifactorial technical analysis forecasts DOGE to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the DOGE is expected to pick up significant bullish sentiment in the coming days.
Other markets are also showing gains as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $6.37, UNICORN Token USD is up 1.62% today to currently trade at around $6.47.
At the same time, Tezos USD closed at $1.32 (down 2%).
This year has been a bright one for DOGE after trading as low as $0.053 and going on to appreciate by 19.66% year to date. Dogecoin is currently trading with a market cap of 11.20 billion with an average daily volume of 407.94 million.
