Dogecoin down $0.001 reaching $0.078, for its 5th straight negative day

DOGE slides down from $0.079 to $0.078 today, losing $0.001 (0.99%).

Dogecoin made an initial break below its 3 day Simple Moving Average at $0.079, a possible indication of a forthcoming negative trend. Price action remains constrained around the key Fibonacci level of $0.078 currently serving as support. If price action breaks below, the next Fib hurdle is $0.073. On the other hand, note that DOGE is oscillating around the $0.078 level serving as support.

Looking forward, DOGE is poised to extend its strong downtrend and continue declining.

In the meantime, negative performances are also seen in other markets, after ending today's session at $0.465, Ripple lost $0.009 and is trading around $0.456. Solana goes down 3.45% to trade around $21.46.

Positive performances can be seen by looking at other markets as FTX Token is up 9.54% to $1.36.

Dogecoin reached a significant high of $0.142 around 6 months ago but has lost 44.58% since then. DOGE has a market cap of 10.86 billion with an average daily volume of 653.38 million.