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March 13, 2023Currently trading at $0.073, DOGE remains range-bound between $0.069 and $0.074.
Trend-focused traders would be interested to note that although up today, early price action saw Dogecoin dropping below its 10 day Simple Moving Average at $0.071 — an early indicator that a new downward trend could be emerging. Following today's trading session, chart analysis suggests Dogecoin could be slowing down soon as it approaches resistance at $0.075. Of course, crossing it might suggest further gains are ahead.
Notwithstanding Dogecoin's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
11 months ago Dogecoin reached a significant high of $0.16 but has consequently lost 55.43% since then. DOGE has a market cap of 9.64 billion with an average daily volume of 363.45 million.
