DOGEUSD Price Analysis – June 2
DOGEUSD had finished Monday on the level at $0.003281 after gaining about 2%. Trading to the upside area after the open, the cryptocurrency has managed to reverse during the session as bears cut the early rise upward and may end the session lower.
Supply Levels: $0.00191821, $0.00241210, $0.00284986
Demand Levels: $0.00450000, $0.00419844, $0.00358165
DOGEUSD Long term Trend: Bullish
After trading down to the supply zone on the level at $0.003117, DOGEUSD breaks below the key technical supply zone. The Failure to close below the level at $0.003117 might later increase the importance of the levels as support going forward.
Although the longer-term volatility is slightly lower than usual for DOGEUSD, the daily candlestick pattern matches today’s price action with confirmation for the trend continuation.
DOGEUSD Short term Trend: Bullish
Things may look a bit different on the 4-hour time frame where markets trading range of the last session has been way above a market average trading range and the market has confirmed its breakout through the prior session high after trading up to the level at $0.003298.
The trend remains bullish and it is showing an intact uptrend in the short and medium-term.
Note: Dapplife.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results