Bearish DOGE currently $0.001 lower after trading as low as $0.072

Dogecoin drops from $0.073 to $0.072, losing $0.001 (1.66%) today.

Dogecoin made an initial break below its 3 day Simple Moving Average at $0.073, a possible indication of a forthcoming negative trend. Bearish sentiment was sufficient to push prices below the known Fib level of $0.073 serving as intraday support. Despite this, DOGE's lower Bollinger Band® is at $0.072, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. Although DOGE is down today and was as low as $0.072, it seems to be recovering slightly and climbing away from the $0.072 support line and is now 1 cents above it.

In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for DOGE.

In the meantime, negative performances are also seen in other markets, Cardano is down to $0.361, losing $0.009, after closing at $0.37 in the preceding trading session. After ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43.

Positive performances can be seen by looking at other markets as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.

6 months ago DOGE reached a significant high of $0.142 but has consequently lost 48.49% since then. DOGE is currently trading with a market cap of 10 billion with an average daily volume of 442.94 million.