Dogecoin cryptocurrency trades up $0.003, approximately 3.98% higher this afternoon

DOGE trades at $0.091 after gaining $0.003 (3.98%).

Bollinger Band® analysis indicates that current price action is approaching the upper band at $0.097, thereby suggesting that Dogecoin is becoming overvalued. Despite this, DOGE broke through the $0.089 resistance and climbed above it 1 cents; next resistance level is at $0.091.

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.

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 increases 5.44% to trade around $2,122.17. Litecoin is up 4.36%.

Having soared to a high of $0.153 approximately 11 months ago, Dogecoin is now trading 43.08% lower. Dogecoin has a market cap of 12.62 billion with an average daily volume of 849.80 million.