A slow down? After five days of going up, Dogecoin is flat today, hovering around $0.062.

Dogecoin is now trading at $0.062 after tracing out a steady $0.062 – $0.062 range today.

Dogecoin is oscillating around the $0.062 level serving as support. DOGE made an initial breakout above its 10 day Simple Moving Average at $0.062, a potential indicator of a newly emerging bullish phase. In contrast, a "hanging man” chart pattern. When appearing at the top of a bullish trend, it is typically considered to be an indication of a trend reversal.

Despite muted price action in Dogecoin, chart analysis indicates it is positioned for a bullish run in the short term.

While DOGE is pretty flat so far today, mixed performances are seen elsewhere as FTX Token surges 9.54% to trade around $1.36. Bitcoin Cash decreases 1.43% to trade around $105.58. After ending today's session at $1.24, NEAR Protocol lost $0.029 and is trading around $1.21.

Approximately 7 months ago, Dogecoin reached a significant high of $0.142 but has struggled to hold onto its gains and declined 56.27% since then. DOGE has a market cap of 8.68 billion with an average daily volume of 261.15 million.