| 
March 11, 2023
After closing at $0.066 today, DOGE began today at $0.066 with significant bullish sentiment driving DOGE's price action higher. So far today, price action has drawn out a distinct $0.064 to $0.068 range.
Dogecoin made an initial breakout above its 3 day Simple Moving Average at $0.067, a potential indicator of a newly emerging bullish phase. Dogecoin's lower Bollinger Band® is at $0.063, indicating that the market is oversold and fertile for new buyers. In contrast, although DOGE is appreciating today after rising as high as $0.068, price action is now slowing and consolidating around 1 cents below the $0.067 resistance level.
DOGE continues to move higher with technical analysis indicating the trend will continue in the short term.
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. Ethereum gained 2.53% and is currently trading at $1,466.
At the same time, EOS is down $0.05 from the beginning of the session and now trades around $0.995.
DOGE is now trading 32.36% below its 3-month high of $0.16. Dogecoin is currently trading with a market cap of 8.75 billion with an average daily volume of 362.69 million.
