After three days of going down, DOGE is flat today, hovering around $0.079

Without a clear-cut direction, DOGE is trading around $0.079 and ranging between $0.078 and $0.079.

Dogecoin made an initial breakout above its 3 day Simple Moving Average at $0.08, a potential indicator of a newly emerging bullish phase. In contrast, price action remains constrained around the key Fibonacci level of $0.078 currently serving as support. If price action breaks below, the next Fib hurdle is $0.073.

Despite muted price action in Dogecoin, chart analysis indicates it is positioned for a bullish run in the short term.

Other markets show mixed performance as FTX Token leaps up 9.54% to trade around $1.36. Bitcoin increases 1.83% to trade around $28,525. UNICORN Token USD closed at $6.43 (down 2.98%).

Dogecoin traded as high as $0.142 before shedding 44.88% lower over the past six months. Dogecoin has a market cap of 10.96 billion with an average daily volume of 664.12 million.