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April 10, 2023
Currently trading at $0.085, Dogecoin remains range-bound between $0.082 and $0.085.
Following today's trading session, chart analysis suggests Dogecoin could be slowing down soon as it approaches resistance at $0.085. Of course, crossing it might suggest further gains are ahead. Trend analysis indicates that Dogecoin made an initial breakout above its 5 day Simple Moving Average at $0.085, a potential indicator of a newly emerging bullish phase. Price action remains constrained around the key Fibonacci level of $0.084 currently serving as resistance
Overall, while Dogecoin has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
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. Bitcoin is up 4.78%. Having closed the previous session at $90.65, Litecoin is up 3.65% today to currently trade at around $93.95.
DOGE has fallen back around 45.81% from the significant high of $0.153 set 11 months ago. Dogecoin has a market cap of 11.81 billion with an average daily volume of 877 million.
