Mixed sentiment leads DOGE cryptocurrency to trade sideways; establishes tight $0.073 to $0.074 range

After dropping down to $0.073, Dogecoin recovers some losses and is currently trading at $0.073.

As the day gets underway, chart analysis suggests Concerning technical analysis and more specifically, trend indicators, Dogecoin made an initial break below its 5 day Simple Moving Average at $0.073, a possible indication of a forthcoming negative trend. Analysis based on the asset volatility indicates that Dogecoin's upper Bollinger Band® is at $0.081 and the lower is $0.069.

Overall, while DOGE has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

While DOGE is pretty flat so far today, mixed performances are seen elsewhere as FTX Token soars 9.54% to trade around $1.36. UNICORN Token USD is down $0.197 from the beginning of the session and now trades around $6.43.

Having soared to a high of $0.142 approximately 6 months ago, Dogecoin is now trading 48.25% lower. Dogecoin is currently trading with a market cap of 10.24 billion with an average daily volume of 278.80 million.