DOGE gets off to a weak start; down 0.21% this morning to $0.073

DOGE drops $0 early on and steadies around the $0.073 level.

Trend-following investors would be interested to note that Dogecoin made an initial break below its 3 day Simple Moving Average at $0.073, a possible indication of a forthcoming negative trend. Analysis based on the asset volatility indicates that Bollinger Bands® shows an indication of recovery: the lower band is at $0.069, a low enough level to, generally, suggest that DOGE is trading below its fair value. As the trading day commences, technical analysis suggests

Notwithstanding Dogecoin's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

In the meantime, negative performances are also seen in other markets, UNICORN Token USD goes down 2.98% to trade around $6.43. Cardano goes down 0.81% to trade around $0.365.

Positive performances can be seen by looking at other markets as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36.

Having set a significant high of $0.142 6 months ago, DOGE is trading 48.27% lower. DOGE has a market cap of 10.23 billion with an average daily volume of 277.37 million.