Dogecoin set for weak finish today; down 4.31% to $0.073 with a hour before close

Dogecoin slides down from $0.077 to $0.073 today, losing $0.003 (4.31%).

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. DOGE has just crossed the lower Bollinger Band® at $0.075, indicating further losses could be forthcoming.

In the short term, DOGE is expected to maintain its recent downtrend and continue spiralling lower.

In the meantime, negative performances are also seen in other markets, EOS falls 8.43% to trade around $1.21. MaticNetwork USD is down to $1.1, losing $0.065, after closing at $1.17 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.

DOGE has shed 23.14% over the past three months. Dogecoin is currently trading with a market cap of 9.75 billion with an average daily volume of 447.51 million.