Mixed sentiment leads DOGE cryptocurrency to trade sideways; establishes tight $0.07 to $0.073 range

Dogecoin recovers back to $0.072 today after dipping down to $0.07, in a session that follows a previous closing value of $0.072.

Dogecoin made an initial breakout above its 5 day Simple Moving Average at $0.072, a potential indicator of a newly emerging bullish phase. Dogecoin's upper Bollinger Band® is at $0.084 and the lower is $0.07.

Overall, looking at the technical analysis landscape, it seems Dogecoin might be pointing upward in the short term.

Other markets show mixed performance as FTX Token is up 9.54%. Bitcoin closed at $26,463 (down 1.95%). TRON goes up 1.8% to trade around $0.069.

DOGE has fallen back around 49.41% from the significant high of $0.142 set 6 months ago. DOGE is currently trading with a market cap of 10 billion with an average daily volume of 365.13 million.