DOGEUSD Price Analysis – June 13
DOGEUSD finds buyers around the closing level at 0.00311 and it fails to hold early session gains but stays above Wednesday’s low level at 0.00289 giving room for a potential bounce to the upside.
Demand level: 0.00419, 0.00358, 0.00323
Supply Level: 0.00284, 0.00241, 0.00191
DOGEUSD Long term trend: Bullish
Moving higher for the first time in days in a row of demand actions, the pair finished Wednesday with a level at 0.00302 edgings, lower than the previous day. The pair is also activated as potential buyers flock to the crypto market.
Trading higher after the opening price today confirmed that DOGE may breakout through the prior session high after trading up to the level at 0.00314 above its intraday value.
DOGEUSD Short term trend: Bullish
Although DOGEUSD is currently in a short term downtrend this might just be a correction as both the medium and long term trends are still staying bullish. Historical data shows the pair is up for a bullish return to the upside.
If Selling could speed and come into play we should see prices move below the close by swing low level at 0.00284 where further selling might get activated.
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