DOGEUSD Price Analysis – July 11
The pair early in its activity was unable to break past towards the key technical zone on the level at $0.003735 but finds buyers just below the moving average on the level at $0.003235.
Supply Levels: $0.0022, $0.0028, $0.0032
Demand Levels: $0.0050, $0.0043, $0.0037
DOGEUSD Long term Trend: Bullish
After trading for as low on the level at $0.003014 earlier during the day, DOGEUSD found support giving rise to a bounce at the supply zone on the level at $0.003235.
Unable to break past below the key technical level at $0.003235, DOGEUSD has since bounced upside and may close higher after spiking up to the level at $0.003510.
DOGEUSD Short term Trend: Bullish
On the flipside of the 4-hour time frame, when price bounced off a significant supply zone around the level at $0.003235 the last time on June 29, 2019, DOGEUSD spiked to the high demand zone on the level at $0.004829.
The failure to close above the demand zone might increase the importance of the level going forward while the trend is bullish, it is showing an intact uptrend in the short and medium term.
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