DOGEUSD Price Analysis – July 5
The DOGEUSD is currently reacting to its fundamentals as it reportedly posts a significant 31% over the last trading hours, and now participants of the pair are in preparation for the activity as its value increases positively.
Supply Level: $0.00191821, $0.00241210, $0.00284986
Demand Level: $0.00450000, $0.00419844, $0.00358165
DOGEUSD Long term Trend: Bullish
Although DOGEUSD ended Thursday on the level at $0.003212 edging lower by almost 0.5% while the bulls were in full control today, moving the market higher throughout the day.
In the long term time frame, the predominant candlesticks pattern matched today’s price action and the price is trading close to the key technical demand zone on the level at $0.004198 and while still in a long term uptrend the pair has maintained this position.
DOGEUSD Short term Trend: Bullish
On the flip side, buying might speed up should price move above the nearby swing high on the level at $0.004198 where further buy stops could get activated.
However, this condition is usually interpreted as bullish and it may turn out again to be bearish after the next trading day, the short term time frame has turned out to be bullish.
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