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June 06, 2023
Currently trading at $0.068, Dogecoin remains range-bound between $0.066 and $0.068.
Dogecoin made an initial breakout above its 3 day Simple Moving Average at $0.069, a potential indicator of a newly emerging bullish phase. DOGE's lower Bollinger Band® is at $0.067, indicating that the market is oversold and fertile for new buyers. On the other hand, note that DOGE could be slowing down soon as it approaches resistance at $0.071. Of course, crossing it might suggest further gains are ahead.
DOGE continues to move higher with technical analysis indicating the trend will continue in the short term.
Other markets are also showing gains as FTX Token surges 9.54% to trade around $1.36.
Meanwhile, MaticNetwork USD is trading around $0.803 (down $0.033). UNICORN Token USD is down to $6.43, losing $0.197, after closing at $6.63 in the preceding trading session.
DOGE reached a significant high of $0.142 around 7 months ago but has lost 53.17% since then. DOGE has a market cap of 9.51 billion with an average daily volume of 200 million.
