Dogecoin trades at $0.087 after gaining $0.004 (4.53%).
Dogecoin made an initial breakout above its 10 day Simple Moving Average at $0.085, a potential indicator of a newly emerging bullish phase. Fibonacci-focused traders would be interested to note that Dogecoin is oscillating around the key Fibonacci resistance level of $0.087. On the other hand, note that DOGE could be slowing down soon as it approaches resistance at $0.089. Of course, crossing it might suggest further gains are ahead.
Overall, looking at the technical analysis landscape, it seems Dogecoin might continue pointing upwards in the short term.
Other markets are also showing gains as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Ethereum improves 4.7% to trade around $2,009.19. Cardano is up 4.92%.
Having set a significant high of $0.153 11 months ago, Dogecoin is trading 45.58% lower. Dogecoin has a market cap of 12.13 billion with an average daily volume of 849.80 million.