DOGEUSD Price Analysis – June 26
The pair exited Tuesday on the level at $0.003287 edging lower on a negative note with -0.42%. The bears and bulls struggled to gain full control today, moving the market to the upper area and lower area.
Support Level: $0.00191821, $0.00241210, $0.00284986
Demand Level: $0.00450000, $0.00419844, $0.00358165
DOGEUSD Long term Trend: Bullish
In a volatile session, price traded above the previous day’s high as well as below prior’s days low, while forming a ranging structure.
Despite a strong opening, the market may close below the previous days open and close.
After having to be unable to move lower than the level at $0.00284986 in the prior session, the cryptocurrency found buyers again around the same price zone on the level at $0.003235. The trend is bullish and showing an intact uptrend in the long term.
DOGEUSD Short term Trend: Bearish
On the 4-hour chart, we identify a short term bearish structure that may cause selling to accelerate and price may move below the nearby swing low on the level at $0.00311792 where further sell stops might get triggered.
The volatility for the pair has gained a higher momentum and it calls for caution, being slightly higher than the markets previous daily trading range seeing that the trend is bearish.
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