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June 02, 2023Dogecoin spikes to $0.072 gaining $0.001.
Visual analysis of Dogecoin's chart shows that Dogecoin could be slowing down soon as it approaches resistance at $0.072. Of course, crossing it might suggest further gains are ahead. Trend-following investors would be interested to note that DOGE made an initial breakout above its 10 day Simple Moving Average at $0.072, a potential indicator of a newly emerging bullish phase. Analysis based on the asset volatility indicates that DOGE's upper Bollinger Band® is at $0.075, this is a slight indication of a slowdown.
Notwithstanding DOGE's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
DOGE shows positive signs, other assets are also on par: having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $0.075, TRON is up 2.09% today to currently trade at around $0.076. EOS gained 2.61% and is now trading at $0.907.
Over the past 6 months, Dogecoin has retreated 49.71% from a noteworthy peak of $0.142. Dogecoin has a market cap of 10 billion with an average daily volume of 200 million.
