DOGEUSD Price Analysis – July 3
Early in the day, DOGEUSD sank below the critical holding zone on the level at 0.003317, while the prior session recorded the biggest single-day loss in over three weeks and showing strong downward momentum.
Supply Level: $0.00191821, $0.00241210, $0.00284986
Demand Level: $0.00450000, $0.00419844, $0.00358165
DOGEUSD Long term Trend: Bullish
The price of today is trading close to the key technical supply zone on the level at 0.003117 and the cryptocurrency may still close below the moving average and towards the level at 0.003117 area, but both the medium and long term trends are still bullish.
Even with a strong opening, the pair may close within the prior’s days open and close forming a bullish candle that may match the price action for today.
DOGEUSD Short term Trend: Bullish
The technical condition on the 4-hour chart indicates that selling might accelerate should prices move below the close-by swing low on the level at 0.002849.
But while DOGEUSD is currently in a short term downtrend, this could just be a correction as both the medium and short term trends are still bullish.
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