However, the bid price for the cryptocurrency has declined from the levels near 1.7000 at the start of the month down to below 1.5000 by the end of it. The pair faces major clusters of bid orders starting from 1.4600.
Asking price chart
Bid price chart
Market Depth
Market Depth reveals, where traders have set up buy and sell orders. The up to date data is published at dukascoin.com. Below, one can observe the market orders on March 2.
In regards to sell orders, there are two notable zones with noteworthy amounts. Namely, there are orders to sell 726.98 coins at 1.7800/1.8000, and 1,200.89 Dukascoins could be sold at 1.8500/1.8700. Above these zones, there are minor orders at 1.9500 and 2.0200/2.0300.
Meanwhile, bid orders are more numerous, as there are orders to buy 189.66 coins at 1.4600.Further below, at 1.4400, starts a cluster of orders down to the 1.3900 mark. In that range there are orders to buy 1,128.79 coins. Event further below, there are bid orders in the 1.3700/1.2500 zone for 1,951.00 Dukascoin.
© Dukascopy Bank SA
© Dukascopy Bank SA
Future outlook
In regards to the future, one needs to measure the ask orders versus the bid orders. The comparison is done by evaluating ask and bid orders ten cents above and below the correspondent prices.
In total, the pair faces ask orders for 1,927.87 coins in the range up to the 1.8700 level, which is ten cents above the current asking price. Meanwhile, ten cents below the current bid price at 1.4600 there are orders for 1,906.45 coins. The balance explains the sideways trading.
Due to the stalemate, the coin could continue to trade flat. However, there is a large cluster of ask orders below the 1.3700 mark. If these orders are moved higher, the DUK+/EUR might surge.