In general, the price remains flat at the 3.5000 level. However, from time to time the exchange rate dips. For example, on May 23, the rate shortly traded at the 3.2500 level.
Daily Candle 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 June 2.
There are orders to buy at least 100 coins at each exchange rate level below the 3.0000 mark. At most levels it is exactly 100 coins. Due to that reason it can be assumed that a larger market player has set up orders to buy up coins, if the price declines.
In regards to sell orders, on June 2 the wall of sell orders at 3.5100 consisted of 17,496.08 sell orders.
In addition, there were orders to sell 1,397.65 coins at 3.6200.
© Dukascopy Bank SA
© Dukascopy Bank SA
Future outlook
In the near term future, the rate was most likely going to remain below the 3.5100 mark. That is assumed as it would take more than 17,500.00 coins to be bought for the price to move above this level.
Meanwhile, a decline of the price is more likely due to the lack of buy orders as low as the 3.0000 level. The price for Dukascoin could reach this level, if sellers begin to give in to the stalemate and start selling for lower prices.