DOGEUSD Price Analysis – July 7
The pair recently is dominated by bears and dragging the market lower during the day and may likely close within the previous day’s range, although DOGEUSD suddenly finds buyers at key supply zone on the level at $0.003359.
Supply Level: $0.0019, $0.0024, $0.0028
Demand Level: $0.0045, $0.0041, $0.0035
DOGEUSD Long term Trend: Bullish
Earlier during the day, price is trading within the previous day’s range and unable to trade above the prior day’s high or below the previous days low forming an inside bar.
After trading down to the level at $0.003525 earlier in the day, DOGEUSD has bounced off the key technical supply zone on the level at $0.003359 and has shown to be bullish for the DOGEUSD.
DOGEUSD Short term Trend: Bullish
About crossing below the moving average and the RSI indicating some downward momentum in the short term and it could now be heading back upwards towards the level at $0.003581 for a bounce up.
The failure to close below the supply level $0.003359 might increase the significance of the level as support going forward and as it is the trend remains bullish and showing an intact uptrend in the short term.
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