DOGEUSD Price Analysis – June 24
During the whole day, prices traded within the prior day’s range, unable to trade above the previous day’s high or below the prior day’s low forming an Inside Bar. Additionally, one bearish candlestick pattern matches today’s price action, the Black Candle. The last time a Black Candle showed up on Thursday, DOGEUSD gained 6.35% on the following trading day.
Supply Levels: $0.00191821, $0.00241210, $0.00284986
Demand levels: $0.00419844, $0.0040000, $0.00358165
DOGEUSD Long term trend: Bullish
As prices are trading close to June’s high at 0.003504, upside momentum could accelerate should the cryptocurrency mark new highs for the month.
Trading higher after the opening price today confirmed that DOGE may breakout through the prior session high after trading upward to highs.
DOGEUSD Short term trend: Bullish
Crossing above the upper moving average. The price has lost at least some of their upward momentum in the short-term and might now be heading back down towards the mean of the demand level at 0.00358165.
On the flip side Selling could speed up should prices move below the close by the swing low at 0.00323536 where further selling might get activated, the trend is in the short term bullish.
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