DOGEUSD has continued to press on for a bullish breakout, the coin has experienced consistent spikes within the key resistance area that it has been on, and a break of it will put the market in a bullish shape.
Supply levels: $0.033, $0.035, $0.038
Demand levels: $0.027, $0.025, $0.023
DOGEUSD Trends: Ranging
DOGEUSD has been in a counter mode for a number of days, the price has some spontaneous spike above the current price level, but has been closing below the price resistance level of $0.033, all are false breakouts, if the price breaks out of it the market will likely head on to $0.035 or $0.038.
From the daily chart, the price is above the 14 and 50 Exponential Moving Averages, while the MACD Indicator Histogram bars are trying to gain bullish momentum.
DOGEBTC Market Analysis
The coin is trying to resume its bearish moves. DOGEBTC has been enjoying a fanfare bearish ride, after some corrective moves by the coin; the markets are trying to re-align with the bearish call.
From the 4-hour chart, it is imperative to note that the coin is below the 14 and 50 Exponential Moving Averages, this call for a bearish indication, while the MACD Indicator is yet to authenticate this movement.
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