- Presently, the Dogecoin had been fluctuating between the levels of$0.002500 and $0.003500 in the last three months.
- The dominance of the small body candlestick like the Doji and the Spinning tops will indicate whether the coin will continue its range-bound movement.
DOGE/USD Medium-term Trend: Ranging
- Resistance Levels: $0.003600, $0.003800, $0.004000
- Support levels: $0.003200, $0.003000, $0.002800
Yesterday, July 15, the price of DOGE was fluctuating below the EMAs. Presently, the Dogecoin had been fluctuating between the levels of$0.002500 and $0.003500 in the last three months. In July, the bulls and the bears had made efforts to pulled out of this range. On July 5, the coin had a price rally as the crypto reached a high of $0.00400 price level but the bears pulled back price into the range-bound zone.
Meanwhile, the 12-day EMA and the 26-day EMA are sloping horizontally indicating that price is in a range bound move. The dominance of the small body candlestick like the Doji and the Spinning tops will indicate whether the coin will continue its range-bound movement.
The small body candlesticks appear to describe the indecision between the buyers and sellers at the current market price. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.
DOGE/USD Short-term Trend: Ranging
On the 1-hour chart, the price of DOGE is in a sideways trend zone. The 12-day EMA and the 26-day EMA was sloping horizontally indicating a sideways trend. The crypto’s price is fluctuating belowand above the EMAs. The crypto’s price is fluctuating between the levels of $0.002800 and $ 0.003200. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal.
The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
