DOGEUSD Price Analysis – June 17
Doge is still stuck within the tight trading range and it is unable to break through the upward area while closing within the previous day’s range after lacking brilliant performance.
DOGEUSD is in new volatility for the uptrend as market sentiment for cryptocurrencies turns recent negative bias into positive; we will see more inflows to the pair as a result of this scenario.
Demand Level: 0.00419844, 0.00358165, 0.00324268
Supply Level: 0.00284986, 0.00241210, 0.0019182
DOGEUSD Long term trend: Bullish
The longer-term volatility is currently slightly lower than usual for DOGEUSD. But prices continued to consolidate within a tight trading range between 0.002849 and 0.003581 where it has stalled for some time now and for the whole of last trading week.
The trend is running a bullish structure that has over time confirmed the upward move.
DOGEUSD Short term trend: Bullish
On the flip side looking through a shorter time frame from the 4-hour chat the trend clearly shows that it is still bullish in structure and the pair now stands out among top-performing cryptocurrencies closing higher daily.
This analysis confirms the daily long term trend as well as the 4-hour trend, the tools and indicators are matching today’s price action just as the RSI has turned upward and the moving average is about crossing the red line signaling uptrend.
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