DOGE up $0 to $0.073 building up on its five days of gains

Small gain for DOGE at $0.073 after ranging between $0.072 and $0.073 today.

Trend analysis indicates that Dogecoin made an initial breakout above its 21 day Simple Moving Average at $0.073, a potential indicator of a newly emerging bullish phase. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.074, thereby suggesting that DOGE is becoming overvalued. As the trading day comes to an end, chart analysis indicates DOGE price action is currently oscillating around the $0.073 resistance level with prices moving above and below several times during the session.

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

Other markets are also showing gains as FTX Token surges 9.54% to trade around $1.36. Having closed the previous session at $26,861, Bitcoin is up 3.67% today to currently trade at around $27,847. Having closed the previous session at $88.59, Litecoin is up 2.86% today to currently trade at around $91.13.

Having soared to a high of $0.142 approximately 6 months ago, DOGE is now trading 48.91% lower. Dogecoin is currently trading with a market cap of 10.19 billion with an average daily volume of 228.63 million.