DOGE down $0.003 reaching $0.082, for its 5th straight negative day

DOGE is grinding lower from $0.085 to $0.082, shedding $0.003 (3.51%) today.

Dogecoin made an initial break below its 10 day Simple Moving Average at $0.084, a possible indication of a forthcoming negative trend. Price action remains constrained around the key Fibonacci level of $0.082 currently serving as support. If price action breaks below, the next Fib hurdle is $0.078.

Looking forward, DOGE is poised to extend its strong downtrend and continue declining.

In the meantime, negative performances are also seen in other markets, after ending today's session at $1.14, Tezos USD lost $0.037 and is trading around $1.1. After ending today's session at $11.34, Cosmos USD lost $0.285 and is trading around $11.06.

Other assets are showing positive performances as FTX Token added 9.54% to its value, now trading at $1.36.

This year has been a bright one for Dogecoin after trading as low as $0.053 and going on to appreciate by 32.33% year to date. DOGE has a market cap of 11.42 billion with an average daily volume of 840.10 million.