| 
May 17, 2023
Tentatively higher from an earlier low of $0.072, Dogecoin is up to $0.075 today, adding $0.002, or 3%, to today's closing price of $0.073.
Dogecoin made an initial breakout above its 10 day Simple Moving Average at $0.073, a potential indicator of a newly emerging bullish phase. Price action remains constrained around the key Fibonacci level of $0.074 currently serving as resistance. If broken, the next Fib hurdle is expected to be $0.079. On the other hand, note that Dogecoin could be slowing down soon as it approaches resistance at $0.076. Of course, crossing it might suggest further gains are ahead.
Overall, looking at the technical analysis landscape, it seems Dogecoin might continue pointing upwards in the short term.
Other markets are also showing gains as FTX Token is up 9.54%. Litecoin gained 4.2% and is now trading at $93.9. MaticNetwork USD is up 5%.
Having soared to a high of $0.142 approximately 6 months ago, Dogecoin is now trading 48.81% lower. Dogecoin has a market cap of 10.45 billion with an average daily volume of 285.72 million.
