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March 03, 2023
As the current session draws to a close, DOGE remains in the $0.074 – $0.081 range after dropping 5.09%.
Dogecoin made an initial break below its 200 day Simple Moving Average at $0.079, a possible indication of a forthcoming negative trend. In contrast, although Dogecoin is pointing down today (was as low as $0.074), it's climbing away from the $0.073 support line and is now 1 cents above it. DOGE's lower Bollinger Band® is at $0.076, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.
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 Dogecoin.
In the meantime, negative performances are also seen in other markets, Bitcoin is down to $22,369, losing $1,110.61, after closing at $23,479 in the preceding trading session. After ending today's session at $95.32, Litecoin lost $5.24 and is trading around $90.09.
Other assets are showing positive performances 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 24.81% over the past three months. DOGE has a market cap of 10.15 billion with an average daily volume of 467 million.
