Tentatively higher from an earlier low of $0.09, Dogecoin is up to $0.093 today, adding $0.002, or 2.14%, to today's closing price of $0.091.
Dogecoin could be slowing down soon as it approaches resistance at $0.095. Of course, crossing it might suggest further gains are ahead. Although up today, early price action saw DOGE dropping below its 3 day Simple Moving Average at $0.09 — an early indicator that a new downward trend could be emerging. DOGE's upper Bollinger Band® is at $0.098, this is a slight indication of a slowdown.
After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest DOGE is set for a reversal in the coming days.
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 ascends 6.19% to trade around $8.67. Having closed the previous session at $29,447, Bitcoin is up 2.93% today to currently trade at around $30,300.
DOGE has gained 30.88% since its lowest print of $0.053 earlier this year. DOGE has a market cap of 12.98 billion with an average daily volume of 971.54 million.