| 
May 21, 2023
DOGE trades at $0.074 after gaining $0 (0.25%).
Trend-following investors would be interested to note that despite posting gains so far today, Dogecoin slid below its 5 day Simple Moving Average at $0.074 in earlier trade — an early indicator that a negative trend could be emerging. Asset volatility analysis shows that Dogecoin's lower Bollinger Band® is at $0.069, indicating that the market is oversold and fertile for new buyers. Technical analysis shows that DOGE price action is currently oscillating around the $0.074 resistance level with prices moving above and below several times during the session.
Overall, while Dogecoin has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
DOGE shows positive signs, other assets are also on par: FTX Token gained 9.54% and is now trading at $1.36.
Meanwhile, UNICORN Token USD is trading around $6.43 (down $0.197).
DOGE reached a significant high of $0.142 around 6 months ago but has lost 48.18% since then. DOGE is currently trading with a market cap of 10.29 billion with an average daily volume of 268.49 million.
