Is it the end of Dogecoin's rally? After four days of gains, it is down by 0.73% today

Struggling to find upward momentum, DOGE has shed $0.001 to currently trade at $0.081 as it ranges between $0.081 and $0.082 so far today.

Dogecoin made an initial break below its 3 day Simple Moving Average at $0.08, a possible indication of a forthcoming negative trend. Despite this, DOGE is oscillating around the $0.081 level serving as support.

Following today's unexpected losses, extensive multifactorial technical analysis forecasts DOGE to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the DOGE is expected to attract significant bearish sentiment in the coming days.

In the meantime, negative performances are also seen in other markets, Tezos USD slips 1.3% to trade around $1.

Other assets are showing positive performances as FTX Token surges 9.54% to trade around $1.36. UNICORN Token USD is up 1.62% to $6.47.

Having soared to a high of $0.142 approximately 5 months ago, DOGE is now trading 42.61% lower. Dogecoin is currently trading with a market cap of 11.27 billion with an average daily volume of 679.80 million.