DOGEUSD the pair has been in a bearish trend, but the barrier that the current price is experiencing at a key level seems as if the coin is now soliciting for a bearish movement.
Supply levels: $0.033, $0.035, and $0.038
Demand levels: $0.027, $0.025, and $0.023
DOGEUSD Trends: Bearish
The market at the beginning of June formed a basis for the bearish momentum the market experience, by closing the day with a price action candle formation. Thus, the bearish trend accelerated from there to the price resistance level of $0.027. And since then, it formed a staunch for the market, this level has been tested and retested, a further break of this level will push the price down to the next resistance or down to the level of $0.023.
From the daily chart, the price is currently in between the 14 and 50 Exponential Moving Averages, beginning to go below to continue the bearish acceleration. And the MACD signal lines have crossed for a south side trend, including its histogram bars.
DOGEBTC Market Analysis
The pair is on the south side, heading to the next resistance level, but the movement has been slow and steady in what seems to be in a flat market zone.
The price of the market is currently below the Exponential Moving Average 14 and 50, which supports the bearish quest. And the MACD Histogram is on a Flat market mode.
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