DOGEUSD has been trapped between a price resistance levels, thus finding it difficult to lose out the cage, however, the pair is bearish from its outlook.
Supply levels: $0.033, $0.035, and $0.038
Demand levels: $0.27, $0.25, and $0.23
DOGEUSD Trends: Bearish
The overall market trend of DOGEUSD is bearish, but the pair is facing tight hitches within the resistance price level of $0.033 and $0.027, it has been there for a while now. And breaking down the levels of $0.027 will trigger the bearish trend.
A quick look at the daily chart signifies that the price is getting close to the 50 Exponential Moving Average, and MACD Indicator Histogram bars are pointing to the south-side.
DOGEBTC Market Analysis
The pair is still low in market momentum, though the slow movement has kept the market on the south-side, thus heading to the nearest resistance level; the market is a flat one. The trading decision could be after breaking any of the key levels.
A critical review of the 4-Hours chart shows that the pair is below the 14 and 50 Exponential Moving Averages, thereby indicating a down market, but the MACD Indicator Histogram is flat on its outlook, thereby signifying a weak market.
Please note: Dapplife.com is not a financial advisor. Do your own research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.