Currently trading at $0.08, Dogecoin remains range-bound between $0.08 and $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 Dogecoin to buck against its prevailing downtrend and begin to turn higher in the short term. With all probabilities considered, the Dogecoin is expected to pick up significant bullish sentiment in the coming days.
Other markets are also showing gains as FTX Token rallies 9.54% to trade around $1.36.
Meanwhile, UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session.
Other assets are showing mixed performances as TRON moves 0.5% to trade around $0.066.
Dogecoin has fallen back around 43.89% over the past 5 months, from a notable high of $0.142. DOGE has a market cap of 11.16 billion with an average daily volume of 804 million.