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April 27, 2023
After ending today at $0.079, DOGE ascended as high as $0.08 before meeting resistance. Undeterred, DOGE posted a fresh rally late in the trading session targeting $0.08.
Dogecoin made an initial breakout above its 200 day Simple Moving Average at $0.083, a potential indicator of a newly emerging bullish phase. Fibonacci-focused traders would be interested to note that DOGE is oscillating around the key Fibonacci resistance level of $0.083. On the other hand, note that although Dogecoin is appreciating today after rising as high as $0.08, price action is now slowing and consolidating around 1 cents below the $0.081 resistance level.
Overall, looking at the technical analysis landscape, it seems DOGE might continue pointing upwards in the short term.
Dogecoin shows positive signs, other assets are also on par: FTX Token is up 9.54%. Bitcoin ascends 1.54% to trade around $28,864.
Meanwhile, UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43.
Over the past 5 months, DOGE has retreated 44.72% from a noteworthy peak of $0.142. Dogecoin has a market cap of 11 billion with an average daily volume of 763.78 million.
