Dogecoin is range-bound between $0.071 and $0.073 today after shedding $0.001 and closing at $0.072 today.
DOGE's notable support and resistance levels: Dogecoin is currently alternating around $0.072 with price action moving above and below this key level throughout the session. Trend-following investors would be interested to note that despite being in the red so far in the current trading session, DOGE peaked above its 21 day Simple Moving Average around $0.073 — typically an early indicator of a new bullish trend beginning to emerge. Analysis based on the asset volatility indicates that DOGE's upper Bollinger Band® is at $0.074 which indicates a further downward move may follow.
Overall, the technical outlook suggests DOGE is likely to remain muted for the immediate future, with no clear-cut direction.
In the meantime, negative performances are also seen in other markets, Bitcoin stumbles 1.54% to trade around $26,700. After ending today's session at $115.49, Bitcoin Cash lost $2.13 and is trading around $113.36.
Other assets are showing positive performances as FTX Token soars 9.54% to trade around $1.36.
DOGE is now trading 49.06% below the significant high of $0.142 it set around 7 months ago. DOGE has a market cap of 10.00 billion with an average daily volume of 188.31 million.