Dogecoin cryptocurrency trades up $0.001, approximately 0.69% higher this afternoon

Marginally higher but lacking a clear-cut direction, Dogecoin is trading at $0.081 after ranging between $0.08 and $0.081 today.

Dogecoin made an initial breakout above its 10 day Simple Moving Average at $0.081, a potential indicator of a newly emerging bullish phase. Despite this, Dogecoin price action is currently oscillating around the $0.081 resistance level with prices moving above and below several times during the session.

Examining the technical analysis landscape, DOGE might continue its downtrend in the short term.

DOGE shows positive signs, other assets are also on par: FTX Token rallies 9.54% to trade around $1.36. TRON gained 0.73% and is now trading at $0.067. Bitcoin Cash moves up 1.18% to trade around $119.53.

Dogecoin has fallen back around 43.44% from the significant high of $0.142 set 5 months ago. Dogecoin is currently trading with a market cap of 11.26 billion with an average daily volume of 692.25 million.