DOGE ended the previous session at $0.082; currently trading at $0.081

DOGE is sharply lower after losing $0.001, declining as low as $0.081.

Despite being in the red so far in the current trading session, Dogecoin peaked above its 3 day Simple Moving Average around $0.082 — typically an early indicator of a new bullish trend beginning to emerge. DOGE's lower Bollinger Band® is at $0.079, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. On the other hand, note that having stamped out a session range of $0.081 to $0.082, Fibonacci-inclined Dogecoin traders were highly concentrated around active Fibonacci support at $0.081. DOGE is oscillating around the $0.082 level serving as support.

Technical analysis shows that DOGE (currently on a downtrend) might reverse course and start going up in the short term.

In the meantime, negative performances are also seen in other markets, UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session. Cardano is down $0.007 from the beginning of the session and now trades around $0.362.

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

Having soared to a high of $0.16 approximately 10 months ago, DOGE is now trading 48.62% lower. Dogecoin is currently trading with a market cap of 10.77 billion with an average daily volume of 422.91 million.