DOGEUSD Price Analysis – June 14
DOGEUSD is stuck within a tight range and may end within the previous day’s range, it is also of a lackluster session. We see prices ranging at a close between level at $0.00310 and level at $0.003172.
Demand Level: $0.00429251, $0.00384153, $0.00351984
Supply Level: $0.00284481, $0.00236552, $0.00193715
DOGEUSD Long term trend: Neutral
The technical result shows the previous trading range has been positive (2.7%), and that’s lower than last month’s daily comparison level at $0.000149.
The daily volatility is currently lower still than expected for the DOGEUSD. Prices are likely to continue to consolidate within the trading range between the level at $0.003010 and $0.003172. Price will continue to move from ranging to active trending market as traders market sentiment improves.
DOGEUSD Short term trend: Bearish
The price is trading close to key technical support trend line level at $0.002941 and giving room for short term bearish conditions. The RSI made a smart cross to the downside giving a sell signal in the short term.
Though the cryptocurrency is currently in a short term downtrend, this might just be a correction as the long term trend is still bullish.
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