DOGEUSD Price Analysis – June 20
The pair is expected to take the lead for market participants to get in their orders and activate the bias for the bullish or bearish trend. However, with the new inflows expected today, Dogecoin can surge to new levels and become the toast of investors.
Demand Level: $0.000358165, $0.00323536
Supply Level: $0.00284986, $0.00241210
DOGEUSD Long term trend: Bullish
DOGEUSD is about to break back above the moving average and may find buyers again around the level at $0.00323536 while the pair ends the previous day indecisively.
After having been unable to move lower than the level at 0.003080 in the previous session DOGEUSD found buyers again around the same price level today on the level at 0.003062. The trend is bullish and showing an intact uptrend in the long term.
DOGEUSD Short term trend: Bullish
The formation of the structure on the 4-hour chart is matching today’s price action, which is a bullish pattern, though in between we see neutrality and volatility is also lower slightly below average trading range.
Buying could speed up should prices move above the nearby swing high on the level at 0.003235 where further buy stops might get activated and on the downside momentum it could speed up should market mark new lows for the month. The clear path is bullish.
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