Dogecoin down $0.001, closing at $0.072, for its 4th straight negative day

DOGE remains range-bound within a $0.071 to $0.072 range but falls to $0.072 in choppy trade.

Dogecoin made an initial break below its 5 day Simple Moving Average at $0.072, a possible indication of a forthcoming negative trend. Despite this, Bollinger Bands® shows an indication of recovery: the lower band is at $0.07, a low enough level to, generally, suggest that DOGE is trading below its fair value.

Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for DOGE.

In the meantime, negative performances are also seen in other markets, UNICORN Token USD descends 2.98% to trade around $6.43. Bitcoin Cash is down to $113, losing $1.98, after closing at $114.98 in the preceding trading session.

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.

Dogecoin reached a significant high of $0.142 around 6 months ago but has lost 49.04% since then. Dogecoin is currently trading with a market cap of 9.98 billion with an average daily volume of 343.33 million.