Tough start for Dogecoin this morning following 1.26% decline; now at $0.067

DOGE is sharply lower after losing $0.001, declining as low as $0.067.

Dogecoin is currently flirting with an active Fibonacci support level around $0.068. DOGE's upper Bollinger Band® is at $0.071 which indicates a further downward move may follow. On the other hand, note that

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, Ripple closed at $0.491 (down 0.99%). EOS slumps 1.05% to trade around $0.727.

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.

Having soared to a high of $0.142 approximately 7 months ago, DOGE is now trading 52.07% lower. DOGE has a market cap of 9.41 billion with an average daily volume of 287.14 million.