Dogecoin slides down from $0.107 to $0.103 today, losing $0.004 (3.78%).
With regards to technical trend indicators, chart analysis show that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Analysis based on the asset volatility indicates that Dogecoin's upper Bollinger Band® is at $0.105 which indicates a further downward move may follow. Technical analysis of Dogecoin's past price action reveals multiple support and resistance levels:
Overall, while Dogecoin has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
In the meantime, negative performances are also seen in other markets, Ripple is down to $0.4, losing $0.009, after closing at $0.409 in the preceding trading session. After ending today's session at $79.25, Litecoin lost $1.91 and is trading around $77.34. After ending today's session at $113.54, Bitcoin Cash lost $1.79 and is trading around $111.75.
The past 3 months have been positive for Dogecoin as it added 72.8% compared to its 3-month low of $0.053. DOGE is currently trading with a market cap of 13.71 billion with an average daily volume of 251.97 million.