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April 15, 2023
Dogecoin posts light gains on a low-volatility day, ranging between $0.088 – $0.089 and is now at $0.089.
Despite posting gains so far today, Dogecoin slid below its 3 day Simple Moving Average at $0.088 in earlier trade — an early indicator that a negative trend could be emerging. DOGE could be slowing down soon as it approaches resistance at $0.091. Of course, crossing it might suggest further gains are ahead.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates Dogecoin is set for a reversal in the coming days.
Dogecoin has fallen back around 42.12% over the past 11 months, from a notable high of $0.153. DOGE has a market cap of 12.42 billion with an average daily volume of 901.32 million.
