Mixed sentiment leads DOGE cryptocurrency to trade sideways; establishes tight $0.063 to $0.067 range

Dogecoin is trading at $0.063 after closing the previous day at $0.063.

Dogecoin made an initial breakout above its 21 day Simple Moving Average at $0.064, a potential indicator of a newly emerging bullish phase. DOGE's upper Bollinger Band® is at $0.068 and the lower is $0.059.

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

Other markets show mixed performance as having closed the previous session at $254.07, Bitcoin Cash is up 13.84% today to currently trade at around $289.23. Litecoin leaps up 11.48% to trade around $94.48. FTX Token leaps up 9.54% to trade around $1.36.

Having soared to a high of $0.142 approximately 7 months ago, DOGE is now trading 55.4% lower. DOGE is currently trading with a market cap of 8.86 billion with an average daily volume of 277.42 million.