DOGEUSD Price Analysis – July 13
Dogecoin, a crypto project with popularity in the online trading community evolves positively on the exchange as a result of recent development, dogecoin’s trading volume has increased significantly to become the 27th largest crypto in the market.
Supply Levels: $0.0019, $0.0022, $0.0028
Demand Levels: $0.0050, $0.0043, $0.0037
DOGEUSD Long term Trend: Bullish
The price of DOGEUSD is trading close to the key technical support zone on the level at $0.003099 and the candlestick pattern has matched today’s price action for the dive lower to the key supply zone.
The daily volatility is currently lower and being slightly below the market average trading range, while the longer term volatility is currently higher than usual for the DOGEUSD.
DOGEUSD Short term Trend: Bearish
On the 4-hour time frame, the fall from the demand zone from the level at $0.004829 is still in progress and selling might speed up should price move below the nearby swing low on the level at $0.003099.
The bearish trend is conflicting with the outlook on the longer time frame as the short term bearish structure is still intact where further selling might move price lower past June’s close by low on the level at $0.002849.
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