Dogecoin up $0.001 to $0.068 building up on its four days of gains

After closing at $0.067 today, Dogecoin began today at $0.067 with significant bullish sentiment driving Dogecoin's price action higher. So far today, price action has drawn out a distinct $0.067 to $0.071 range.

Dogecoin made an initial breakout above its 50 day Simple Moving Average at $0.068, a potential indicator of a newly emerging bullish phase. Having stamped out a session range of $0.067 to $0.071, Fibonacci-inclined Dogecoin traders were highly concentrated around active Fibonacci resistance at $0.068. Despite this, although Dogecoin is appreciating today after rising as high as $0.071, price action is now slowing and consolidating around 1 cents below the $0.067 resistance level. Dogecoin's upper Bollinger Band® is at $0.069, this is a slight indication of a slowdown.

Overall, looking at the technical analysis landscape, it seems DOGE likely to continue pointing upward in the short term.

Dogecoin shows positive signs, other assets are also on par: FTX Token is up 9.54% to $1.36. Having closed the previous session at $240.42, Binance Coin is up 2.9% today to currently trade at around $247.39.

Meanwhile, Bitcoin Cash closed at $290.85 (down 5.17%).

Having set a significant high of $0.142 7 months ago, Dogecoin is trading 53.18% lower. DOGE is currently trading with a market cap of 9.50 billion with an average daily volume of 286 million.