DOGEUSD Price Analysis – June 28
The pair is unable to break through the key demand zone and finds strength towards the moving average area. DOGEUSD has closed the previous session within the previous days range on a high volume.
Supply Level: $0.00191821, $0.00241210, $0.00284986
Demand level: $0.00450000, $0.00419844, $0.00358165
DOGEUSD Long term Trend: Bullish
After trading as low as the level at $0.00300695 earlier in the day, the cryptocurrency found support at the moving average area on the level at $0.00323536.
Unable to break through the key technical demand zone on the level at $0.00419844, the market may close below it after spiking up to the level at $0.00375100 earlier during the day. The failure to close above the demand zone may increase the importance of the level going forward as the trend is bullish and showing an intact uptrend in the long term.
DOGEUSD Short term Trend: Bullish
In a volatile session, its price is trading within the previous day’s high as well as within the prior day’s low, forming several bullish inside bars on the 4-hour chart.
Thursday’s trading range has been $0.000994 about (34.61%) and that’s far above the last month’s daily average range of $0.000189 and this condition is interpreted as bullish.
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