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May 16, 2023
A mostly flat day so far for DOGE, ranging between $0.071 and $0.072; currently at $0.072.
As the trading day comes to an end, chart analysis indicates Technical analysis trend indicators suggest that DOGE made an initial break below its 5 day Simple Moving Average at $0.072, a possible indication of a forthcoming negative trend. According to asset volatility analysis, Dogecoin's upper Bollinger Band® is at $0.083 and the lower is $0.069.
Overall, the technical outlook suggests Dogecoin is likely to remain muted for the immediate future, with 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. Litecoin rises 2.68% to trade around $89.46. UNICORN Token USD closed at $6.43 (down 2.98%).
6 months ago Dogecoin reached a significant high of $0.142 but has consequently lost 49.3% since then. Dogecoin has a market cap of 10 billion with an average daily volume of 312.00 million.
