DOGEUSD Price Analysis – July 10
Dogecoin is alternating throughout the day in its position by testing the upside area barrier and the downside area barrier, first on the level at $0.003735 and later on the level at $0.003235 without a breakout, but more to the downside past yesterday’s low on the level at $0.003248.
Supply Level: $0.0022, $0.0028, $0.0032
Demand Level: $0.0050, $0.0043, $0.0037
DOGEUSD Long term Trend: Bullish
Trading lower after the open, the market was unable to pull higher than the previous days high as the bears took control while the pair may end below its open price on the level at $0.003304.
The cryptocurrency already confirmed its breakout past the prior days low after trading lower today down to the level at $0.003127 below intraday.
DOGEUSD Short term Trend: Bullish
The price of the DOGEUSD on the 4-hour time frame has broken the key technical supply zone on the level at $0.003407, which is likely to act as a barrier going forward.
DOGEUSD was bought again around the minor demand zone on the level at $0.003385 after having traded lower on the level at $0.003248 as the trend remains bullish and showing an intact uptrend in the short and medium 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