DOGEUSD Price Analysis – July 8
Taking in almost 10% gains after an early decline in the day DOGEUSD has retraced back towards its key levels. Although in an unstable region, this may be attributed to the fundamentals as it relates to the coin’s later advancement on the exchange.
Supply Level: $0.0022, $0.0028, $0.0032
Demand Level: $0.0050,$0.0043,$0.0038
DOGEUSD Long term Trend: Bullish
The price of DOGEUSD is trading close to key technical demand zone on the level at $0.00384 after having been unable to move lower than or past the key supply zone on the level at $0.00323 as at the time of this post.
Although after the decline, DOGEUSD finds buyers early enough creating a bounce close to the key technical supply zone on the level at $0.00323 and may later close outside the previous day’s range.
DOGEUSD Short term Trend: Bullish
Things look slightly different on the 4-hour time frame where the trading range is below the average range while trading in the bullish area and price has decisively stuck upward.
The shorter-term volatility is currently higher for DOGEUSD and this condition is interpreted as bullish with additional two candles spiking to the upside as the trend remains bullish showing an intact uptrend in the short term.
Note: Dapplife.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results