DOGEUSD Price Analysis – July 4
As at the time of this post, the current price of DOGEUSD is $0.003450 and citing a visible risk for the coin, although the positive sentiments remain intact for the DOGEUSD with improved liquidity giving the pair the required momentum.
Supply Level: $0.00191821, $0.00241210, $0.00284986
Demand Level: $0.00450000, $0.00419844, $0.00358165
DOGEUSD Long term Trend: Bullish
The price of the pair broke downwards earlier in the day towards the supply zone on the level at $0.003235 with a dip to the level at $0.003117, but still, DOGEUSD is trading on the edge of the demand zone.
Early today the bears showed up and moving the market lower where a bounce to the upside zone may still fail to move them beyond the prior day’s trading range, although the medium and long term trends remain bullish.
DOGEUSD Short term Trend: Bullish
DOGEUSD on the intraday is dominated by the bulls and the price has continued to consolidate within a tight trading range between the supply zone from the level at $0.003117 and the demand zone on the level at $0.003388 where it has been caught.
This condition is usually interpreted as a bullish one and it has shown bearish earlier for DOGEUSD, However, this might just be a correction as the pair remains bullish in the short term trend.
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