Connect with us

Blockchain

DOGE risks 20% losses up to $0.06 –

Avatar

Published

on

join us cable A channel to stay up to date on breaking news coverage

Dogecoin (DOGE) started the week in the red as the demise of FTX continues to wreak havoc on the cryptocurrency market. The leading cryptocurrency, Bitcoin (BTC), is down 1.55% on the day to trade $15,743, while the largest altcoin by market cap, Ether, is hovering around $1,090. The total cryptocurrency market cap is down 1.75% and currently stands at $780.75 billion, according to data From CoinMarketCap.

The FTX contagion continues to spread across the sector, which means that recovery in cryptocurrency prices may take longer than investors would like. However, with an increase in confidence from supporters like Elon Musk, Dogecoin could see a rebound in the near term.

According to Elon Musk, business magnate and investor, Bitcoin will eventually “work out.” while talking to All in A few weeks ago, podcast host Jason Calacanis, the Tesla billionaire, warned that Bitcoin could be in for a “long winter,” adding that DOGE’s eventual recovery “needs no saying.”

Advertisement

Musk first lent his support to the leading cryptocurrency in early 2021 when his electric car company Tesla bought $1.5 billion worth of bitcoin. His attitude toward Bitcoin has grown over the past 18 months, and he instead gave his support to Dogecoin.

Dogecoin price remains at the last line of defense at $0.072

DOGE price extended further downwards after falling below the 50-day simple moving average (SMA) which settled at $0.080 on Sunday. Although the $0.075 level was expected to act as support, Dogecoin price has now fallen to $0.073 in line with the broader cryptocurrency market.

DOGE must hold strongly above $0.072, where the 100-day and 200-day simple moving averages seem to coincide, to avoid a slide towards $0.070. Buyers should tread carefully, considering that the Relative Strength Index (RSI) has been stuck in negative territory for the past two weeks, which is a sign that the market is in favor of a downside.

Price strength at 40 indicates that bears are in control of the DOGE, as indicated by the four red candles on the daily chart (below). As such, in a very bearish scenario, Dogecoin could drop further, looking for solace from the $0.060 support floor. Such a move would represent a 20% drop from the current price.

DOGE/USD daily chart

Advertisement

Docecoin’s pessimistic view is also supported by the downward movement of the Moving Average Convergence Divergence (MACD) indicator which crossed the zero line into negative territory. This indicates that the market sentiment in DOGE is still negative. Note that the downward movement of the price will gain momentum once the MACD moves away from the neutral line into the negative territory.

On the upside, if DOGE is able to consolidate above $0.072 for a few days, it may make another attempt at $0.081, where the 50-day SMA is currently located and higher in the coming weeks. But of course, the cryptocurrency markets are not out of the woods yet.

According to CoinGecko, there has been a 33.3% drop in the price of Dogecoin over the last 14 days. Investors are still on high alert over the FTX fiasco, and some prefer to convert their crypto assets into dollar-pegged stablecoins like USDT.

However, major owners continued to show interest in DOGE despite the significant price drop. From the data below from IntoTheBlockWhales are taking advantage of the lower priced Dogecoin to fill their reserves. The total number of addresses containing 1-10 million tokens rose to 3,870 from about 3,500 at the end of October.

Dogecoin addresses by holdings

Advertisement
Dogecoin addresses by holdings
Source: IntoTheBlock

A similar growth pattern was reflected among the 10k-plus to 100k DOGE addresses, which currently stand at 173,430 from a 30-day low of 160,000. This trend shows that investors are confident in the future of Dogecoin, despite the short-term price correction.

Another symbol that attracts the attention of investors is IMPT The token whose pre-sale is still ongoing, with nearly $13 million raised to date. In addition, the IMPT team announced a Promotional gift of $100,000 IMPT. Don’t miss this amazing opportunity.

similarly, Dash 2 Trading Also among these are promising pre-sales. This platform allows the creation and testing of trading strategies for traders and investors to make informed decisions in the market. Dash 2 Trade is designed to take cryptocurrency trading to the next level by providing data-driven crypto signals.

With a trading intelligence platform like Dash, looming disasters like the FTX meltdown can be spotted before they happen and help traders and investors secure their assets and generate returns that outpace the market. Right now, the D2T prequel show is on and has raised nearly $7 million.

Related:

Dash 2 trading – high probability pre-sale

Advertisement

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • The original code for the crypto signals ecosystem
  • Know Your Customer verified and reviewed

Dash 2 Trading


join us cable A channel to stay up to date on breaking news coverage

Source link

Advertisement

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Blockchain

DOT/USD is making a steady bullish recovery

Avatar

Published

on

join us cable A channel to stay up to date on breaking news coverage

Polkadot price is making a smooth and steady recovery to the upside, after it declined near the $5.00 mark. Furthermore, market signals seem to reveal that this move may have found strength to move above the $6.00 level.

Polkadot Analysis Stats Data:
DOT value now: $5.61
DOT market cap: $6.45 billion
Polkadot mobile show: 1.15 billion
Total supply from the Ministry of Transportation: 1.26 billion
Polkadot Coinmarketcap rating: #11

Key price levels:
Highest: $5.61, $5.80, $6.20
Floor: $5.30, $5.00, $4.70

Advertisement

Polkadot Price Prediction Today December 3, 2022: DOT/USD Needs Contribution of Bulls

DOT / USD At the moment, it is recovering steadily, as seen by the price action on the daily chart. During this continuous session, the price activity consists of a significant amount of buying. Thus, this brings the price above the middle boundary of the Bollinger Band. Also, the MACD curves can be seen rising smoothly towards the 0.00 line after it had performed a bullish crossover. However, more buying is still needed, to develop the current price action significantly. This is said to have happened when the price action found support above the middle band of the Bollinger Band. Ultimately, this could lead to a price move near the $6.00 mark.

Polkadot Price Forecast Today, December 3, 2022: DOT/USD Makes a Steady Bullish Rebound

Polkadot Price Prediction Today Dec 3, 2022: DOT/BTC Needs More Push

The price action in the DOT/BTC market looks less than impressive. This is depicted by the fact that the current price has not made it above the moving average line. The last price candle here pushed the price to the Bollinger band level. However, in the current session, the tailwind effect is very clear. This can be seen as the price candle looks huge. However, the MACD curves are getting close to each other to crossover. Therefore, for traders to see more upside, more upside is needed in the price action. If all the market factors here can continue to align in favor of the upside for a little while longer, the price will move further towards the 0.0003400 mark.

Overall, we can say that Polkadot is only making small gains at the moment. However, for traders to make a good profit from the market, there is a need for significant price movements to occur. Thus, this is where the effect symbol is IMPT This comes. This is a cipher that allows its users to contribute to making our environment greener and more sustainable. Interestingly, this token is in pre-sale and has raised $13.5 million. The amount raised through the pre-sale reveals that this token is selling fast, and this is a great opportunity for you to invest in this project.

Likewise, the Dash 2 Trading (a unified analytics platform that helps users get ahead of the market intelligence) conducts a pre-view of its token. This cryptocurrency has raised nearly $8 million through ongoing pre-sales. D2T’s features aim to improve users’ trading experience. In addition, the team members are on board, and Dash 2 Trade will soon launch its own demo dashboard.

Related:

Dash 2 Tadawul – High Potential Pre-Selling

Advertisement

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • The original code for the crypto signals ecosystem
  • Know Your Customer verified and reviewed

Dash 2 Trading


join us cable A channel to stay up to date on breaking news coverage

Advertisement

Source link

Continue Reading

Blockchain

LBLOCK V1 is looking to top the $0.0001800 price level

Avatar

Published

on

join us cable A channel to stay up to date on breaking news coverage

Lucky Block V1 price is witnessing the influence of bullish forces and this has pushed its price near the $0.0001800 mark recently. However, a headwind later blew in, causing some minor setbacks. However, LBLOCK V1 seems to have found new strength, and with it this crypto seems focused on breaking $0.0001800.

LBLOCK V1: November 3, 2022
LBLOCK V1 Price: $0.0001716,000
Lucky Block V1 Market Cap: $7.01 Million
Streaming view LBLOCK V1: 40.77 billion
Total supply LBLOCK V1: 99.6 billion
Lucky Block V1 Rank on Coinmarketcap: #4890

Main price tag:
Resistance: $0.0001716, $0.0001756, $0.0001796
Material: $0.0001680, $0.0001660, $0.0001630

Advertisement

LBLOCK V1 PRICE FORECAST: Lucky Block V1 is set to Ascending

On the 4-hour chart of LBLOCK v1, it seems that the price is ready to move up significantly. This can be seen as the fast and slow Guppy MMA lines are now converging to cross below a bullish price candle. Also, the MACD lines are now out of balance. Moreover, these lines do not move sharply downward, but sideways. Thus, as the ongoing session continues to remain in the hands of buyers, we may see a significant rally in prices.

Lucky Block V1 Price Prediction: LBLOCK V1 Eyes Top $0.0001800 Price Level

LBLOCK V1 Price Prediction: Looks like the Lucky BLOCK V1 Uptrend has started

Upon reaching the lower time frame of the 1-hour LBLOCK V1, it can be seen that the price indicators seem to reveal that we may be at the beginning of a significant price increase. The last price candle here continues to indicate that buying is still going on. Also, the Guppy Multiple Moving Average curves have now converged below the current price level. Also, the MACD lines are below the 0.00 level but are now moving upwards. Thus, buyers can now gain more bullish buying confidence, and this could lead to Lucky Block price rising above $0.0001800.

It looks like this market is poised to make some promising moves, just like the impact token IMPT. This is a cipher that allows its users to contribute to making our environment greener and more sustainable. Interestingly, this token is in pre-sale and has raised $13.5 million. The amount raised through the pre-sale reveals that this token is selling fast, and this is a great opportunity for you to invest in this project.

Likewise, the Dash 2 Trading (a unified analytics platform that helps users get ahead of the market intelligence) conducts a pre-view of its token. This cryptocurrency has raised nearly $8 million through ongoing pre-sales. D2T’s features aim to improve users’ trading experience. In addition, the team members are on board, and Dash 2 Trade will soon launch its own demo dashboard.

You can purchase Lucky Block here. Buy LBLOCK

Advertisement

Related:

Dash 2 Tadawul – High Potential Pre-Selling

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • The original code for the crypto signals ecosystem
  • Know Your Customer verified and reviewed

Dash 2 Trading


Advertisement

join us cable A channel to stay up to date on breaking news coverage

Source link

Continue Reading

Blockchain

4 Best Cryptocurrencies to Buy Right Now, Dec 2: ETHW, TWT, TAMA

Avatar

Published

on

join us cable A channel to stay up to date on breaking news coverage

The potential for most currencies to turn bullish has decreased significantly during the current bear season Cryptocurrency Market. However, pre-sale tokens with innovative use cases, such as Dash 2 Trading (D2T), is often your best bet because many investors are currently shifting their investments there. During the ongoing D2T token pre-sale, just over $8 million was raised. An integrated analytics platform called Dash 2 Trade (D2T) provides market-beating information and tools to help you advance your trading career. The hiring of additional team members caused a delay in the pre-sale beta launch of the dashboard.

The moving average (MA) for ETHW/USD has already indicated a buy. A breakout from the diagonal resistance could lead to a strong expansion to the upside. For now, TWT/USD is still looking bullish inside the bullish channel. Buying Dash 2 Trade at this moment could also be another profitable move for investors since D2T is practically beneficial to its community.

EthereumPoW (ETHW / USD)

After bouncing back at the $13.89800 resistance, the price is dropping sharply below the top. Recently, the price reached the $3.06110 support, and ETHW/USD is expected to break and retest the downtrend line to the upside.

Advertisement

EthereumPoW (ETHW / USD)

Current price: $4.04
Market value: $0.43 billion
Trading volume: $95 million
7 day profit: 21.26%

Trust Wallet Token (TWT/USD)

TWT/USD price is currently rising within a bullish channel, but not parallel. It is currently expected that the market will seek liquidity below the equal lows and inside the liquidity void before resuming the market’s upward trend. While waiting for a downward correction, it would be a good idea to buy D2T And keep it as it is currently in pre-sale.

TradingView chart

Trust Wallet Token (TWT/USD)

Current price: $2.41
Market value: $1.00 billion
Trading volume: $0.16 billion
7 days profit: 11.25%

Advertisement

Tamadoge (TAMA/USD)

After the downtrend line was broken on November 29, more bulls were looking for a discount to place their buy orders. The Tamadoji The market reacted to the bullish order block, and the price is expected to continue rising until reaching the old high at $0.020750.

TradingView chart

Tamadoge (TAMA/USD)

Current price: $0.0197
Market value: $20.8 million
Trading volume: $1.07 million
7-day profit: -5.48%

Impact Code (IMPT)

effect symbol (IMPT) makes it possible for everyone to contribute to a greener and more sustainable world. This is a great time to invest in the project. From IMPT’s current presale, approximately $13.5 million has been generated to date.

Related

Dash 2 Tadawul – High Potential Pre-Selling

Advertisement

Dash 2 Trading
  • Active pre-sale is live now – dash2trade.com
  • The original code for the crypto signals ecosystem
  • Know Your Customer verified and reviewed

Dash 2 Trading


join us cable A channel to stay up to date on breaking news coverage

Advertisement

Source link

Continue Reading
Advertisement

Trending