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April 25, 2023
Slightly weaker but mostly flat: Dogecoin is currently trading at $0.078 as it maintains an active range between $0.078 and $0.079.
Dogecoin made an initial break below its 3 day Simple Moving Average at $0.079, 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. Despite this, Dogecoin's lower Bollinger Band® is at $0.075, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.
Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for DOGE.
In the meantime, negative performances are also seen in other markets, UNICORN Token USD slumps 2.98% to trade around $6.43. After ending today's session at $1.05, EOS lost $0.011 and is trading around $1.04.
Positive performances can be seen by looking at other markets as FTX Token gained 9.54% and is currently trading at $1.36.
Since its 52-week high of $0.153, Dogecoin has lost 48.81% over the last twelve months. Dogecoin has a market cap of 10.90 billion with an average daily volume of 936.55 million.
