Dogecoin cryptocurrency trades up $0, approximately 0.5% higher this afternoon

Dogecoin posts light gains on a low-volatility day, ranging between $0.08 – $0.08 and is now at $0.08.

Dogecoin's lower Bollinger Band® is at $0.075, indicating that the market is oversold and fertile for new buyers.

Following today's unexpected gains, extensive multifactorial technical analysis forecasts DOGE to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the DOGE is expected to pick up significant bullish sentiment in the coming days.

Other markets are also showing gains as FTX Token surges 9.54% to trade around $1.36.

Meanwhile, UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43.

In the meantime, TRON trades close to $0.066, with no major change.

Over the past 5 months, DOGE has retreated 43.89% from a noteworthy peak of $0.142. DOGE has a market cap of 11.15 billion with an average daily volume of 804 million.