Dogecoin cryptocurrency trades up $0.001, approximately 0.72% higher this afternoon

Dogecoin trades at $0.073 after gaining $0.001 (0.72%).

Dogecoin could be slowing down soon as it approaches resistance at $0.072. Of course, crossing it might suggest further gains are ahead. DOGE made an initial breakout above its 10 day Simple Moving Average at $0.073, a potential indicator of a newly emerging bullish phase. Price action remains constrained around the key Fibonacci level of $0.073 currently serving as resistance DOGE's lower Bollinger Band® is at $0.069, indicating that the market is oversold and fertile for new buyers.

Examining the technical analysis landscape, Dogecoin might continue its downtrend 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. Having closed the previous session at $83.64, Litecoin is up 5.24% today to currently trade at around $88.02. Bitcoin is up 1.85%.

Having set a significant high of $0.142 6 months ago, DOGE is trading 49.33% lower. DOGE has a market cap of 10.11 billion with an average daily volume of 320.13 million.