DOGE ended the previous session at $0.067; currently trading at $0.066

DOGE drops $0.001 early on and steadies around the $0.066 level.

Chart analysis suggests Dogecoin is currently alternating around $0.066 with price action moving above and below this key level throughout the session. Trend analysis indicates that despite being in the red so far in the current trading session, DOGE peaked above its 5 day Simple Moving Average around $0.067 — typically an early indicator of a new bullish trend beginning to emerge. Dogecoin bounced $0.001 away from Fibonacci support at $0.065. Analysis based on the asset volatility indicates that Dogecoin's upper Bollinger Band® is at $0.07 which indicates a further downward move may follow.

Overall, the technical outlook suggests DOGE is likely to remain muted for the immediate future, with no clear-cut direction.

In the meantime, negative performances are also seen in other markets, Algorand USD is trading around $0.131 (down $0.006). EOS closed at $0.706 (down 2.11%).

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

DOGE has fallen back around 53.06% over the past 7 months, from a notable high of $0.142. DOGE has a market cap of 9.21 billion with an average daily volume of 297.70 million.