DOGEUSD Price Analysis – July 6
DOGEUSD is trading towards the upside zone while the current price is around the level at $0.003655, considering the recent data that influenced the sudden extremely high surge of the pair, it is likely the pair sees a near term retracement.
Supply Level: $0.00191821, $0.00241210, $0.00284986
Demand Level: $0.00450000, $0.00419844, $0.00358165
DOGEUSD Long term Trend: Bullish
Today’s close may mark the highest recorded closing price since November 3, 2018, DOGEUSD has confirmed its breakout through the previous day high after trading up to the level at $0.004500 and above its intraday.
The pair sees near term moving average cross over to the demand zone on the level at $0.004198 as the trend is bullish and showing an intact uptrend in the long term.
DOGEUSD Short term Trend: Bullish
This could either indicate a potential buying climax after which price might head back down towards the moving average or signal the beginning of a strong momentum breakout leading to even higher price towards the demand zone on the level at $0.004198
On the flip side, the crossing of the moving average upwards has shown an unusually strong upward momentum in the short term and this has confirmed the trend.
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