Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
With me
The revival of the low range has strengthened the idea that DOGE traders should play within reach. Over the next week or two, 27% of the assembly could arrive, but the demand must be increased.
Dogecoin [DOGE] He has been in the Bull Trend in the last two weeks. Since July 7, Dogecoin gathered by 19.7%while Bitcoin [BTC] During this time it increased by 8.75%.
Is fair to say that the bull’s sentiment around Bitcoin -If the fact that it has set a new maximum of all time against the US dollar-positively affected the altcoin market.
Bitcoin added $ 11,000 this week after moving above a descending channelAnd other profits can be expected in the short term. The Chain metrics He revealed that the BTC market was not very widespread.
This could help both DOGE and MEMECOIN sector in the coming weeks.
Dogecoin’s shopping opportunity
Source: DOGE/USDT on TradingView
A one -day chart showed repeated testing from the range of $ 0.142 22. June. Since then he has created a front memecoin higher minimum and a higher maximum that has moved to the bull structure of the market.
Resistance $ 0.173 was an obstacle in early July. Last week’s rally helped Dogecoin postpon this resistance aside.
The level of the middle range to $ 0.196 was another strict resistance because it coincided with the Bear Order block since mid -June. 11th July Doga managed to overcome this bid zone.
At the time of writing it was probably a demand zone from where dogecoin could bounce.
The OBV was still under high produced in June, which was a timely warning sign of reduced shopping pressure in the last two weeks.
Source: Coinglass
Dogecoin’s thermal map has shown that there is less chance of dropping the price to the liquidity cluster $ 0.19. Magnetic zone for $ 0.23 was another region to be careful about.
Since the price is attracted to liquidity, it is likely that we can see that dogecoin will extend its rally and reach another supply zone of $ 0.23-0.25.
Traders should be careful when Price approached the high range and may have to prepare for a short time. Until there is a clear escape and repetition of $ 0.25, traders should expect the price action bound within reach.
Resistance of liability: The information presented does not represent financial, investment, trading or other types of advice and are merely the opinion of the writer
