DOGE down $0.001 reaching $0.078, for its 6th straight negative day

Dogecoin slides down from $0.08 to $0.078 today, losing $0.001 (1.74%).

Dogecoin made an initial break below its 10 day Simple Moving Average at $0.08, a possible indication of a forthcoming negative trend. 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. In contrast,

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

In the meantime, negative performances are also seen in other markets, EOS closed at $1 (down 2.98%). After ending today's session at $120.21, Bitcoin Cash lost $3.07 and is trading around $117.14.

Other assets are showing positive performances as FTX Token leaps up 9.54% to trade around $1.36.

DOGE is now trading 43.9% below the significant high of $0.142 it set around 6 months ago. Dogecoin has a market cap of 10.91 billion with an average daily volume of 639.57 million.