Dogecoin hits 5 weeks low before recovering $0

Having ended the last trading session at $0.072, DOGE dropped to $0.072 today, hitting its lowest point in 5 weeks. Later, it recovered $0 and is now trading at $0.072.

Technical analysis trend indicators suggest that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Asset volatility analysis shows that Dogecoin's upper Bollinger Band® is at $0.084 and the lower is $0.073. A study of Dogecoin's historical price actions shows

All in all, the technical analysis suggests DOGE has no clear-cut direction.

While Dogecoin is pretty flat so far today, mixed performances are seen elsewhere as having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Bitcoin Cash improves 4.32% to trade around $116.04. EOS rises 1.31% to trade around $0.918.

Dogecoin has fallen back around 49.04% over the past 6 months, from a notable high of $0.142. Dogecoin has a market cap of 10 billion with an average daily volume of 515.51 million.