Mixed sentiment leads Dogecoin cryptocurrency to trade sideways; establishes tight $0.077 to $0.077 range

After ending today at $0.077, today DOGE went up to $0.077 before paring back gains and settling around $0.077.

Trend and momentum analysis indicates that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Asset volatility analysis shows that Dogecoin's upper Bollinger Band® is at $0.085 and the lower is $0.075. As the day gets underway, chart analysis suggests

Overall, technical indicators suggest Dogecoin has no obvious direction for the immediate future.

At the same time, mixed performances are seen elsewhere as FTX Token is up 9.54%. UNICORN Token USD descends 2.98% to trade around $6.43.

Dogecoin is now trading 45.81% below the significant high of $0.142 it set around 6 months ago. DOGE has a market cap of 10.72 billion with an average daily volume of 579.99 million.