Mixed sentiment leads Dogecoin cryptocurrency to trade sideways; establishes tight $0.072 to $0.073 range

DOGE drops $0 early on and steadies around the $0.073 level.

Dogecoin made an initial break below its 21 day Simple Moving Average at $0.072, a possible indication of a forthcoming negative trend. DOGE's upper Bollinger Band® is at $0.075, suggesting that a downward move may follow. Despite this,

Despite the market lacking direction, technical chart analysis strongly suggests DOGE is positioned for a downward move in the near term.

Other markets show mixed performance as FTX Token gained 9.54% and is now trading at $1.36. TRON increases 1.7% to trade around $0.085. UNICORN Token USD ascends 1.62% to trade around $6.47.

Having soared to a high of $0.142 approximately 7 months ago, DOGE is now trading 48.9% lower. DOGE is currently trading with a market cap of 10.12 billion with an average daily volume of 190.80 million.