DOGEUSD Price Analysis – June 25
The pair has closed within previous trading range and this may suggest a continuation of the earlier trend for the pair. The price of the dogecoin has failed to decisively move beyond the day’s trading range.
Supply Levels: $0.00191821, $0.00241210, $0.00358165
Demand Levels: $0.00450000, $0.00419844, $0.00358165
DOGEUSD Long term Trend: Bullish
A technical analysis of the daily chart has confirmed the earlier bearish bias for the pair. The sentiment is still in play and the candlestick pattern has also matched today’s price action and they are known as a bearish pattern.
The price is trading close to key technical supply zone on the level at $0.003215 and also the price is trading close to key technical demand zone on the level at $0.00358165, we see that the trend on the daily chart signifies a bullish pattern in the long term.
DOGEUSD Short term Trend: Bullish
On the flip side, the 4-hour chart shows that the previous day’s trading range has been $0.000110 (3.33%) and that’s slightly below the last trading month with a daily average range of $0.0000121.
Buying might speed up should price move above the nearby swing high on the level at $0.00358165 where upside momentum might accelerate should market mark new highs for the month.
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