Dogecoin cryptocurrency trades up $0.001, approximately 1.53% higher this afternoon

Dogecoin posts light gains on a low-volatility day, ranging between $0.062 – $0.064 and is now at $0.063.

Dogecoin made an initial breakout above its 10 day Simple Moving Average at $0.062, a potential indicator of a newly emerging bullish phase. Dogecoin price action is currently oscillating around the $0.063 resistance level with prices moving above and below several times during the session.

Overall, looking at the technical analysis landscape, it seems DOGE might continue pointing upwards in the short term.

DOGE shows positive signs, other assets are also on par: FTX Token added 9.54% to its value, now trading at $1.36. Ripple rises 2.49% to trade around $0.491.

At the same time, TRON closed at $0.07 (down 1.58%).

Approximately 7 months ago, Dogecoin reached a significant high of $0.142 but has struggled to hold onto its gains and declined 56.25% since then. DOGE is currently trading with a market cap of 8.83 billion with an average daily volume of 261 million.