The price of Dogecoin has been rallying in tandem with the bullish news of Elon Musk purchasing Twitter. It continues to maintain such high values even in a bear market due to the expectations that Musk, who has publicly expressed support for the meme coin in the past, would incorporate the crypto into the social media platform. However, Musk has not shown any indication of doing this so far, so what happens if crypto is not implemented into Twitter? Twitter Dropping Its Crypto Plans Elon Muskโs ownership of Twitter has…
Tag: Dogecoin
Dogecoin trader explains why shorting DOGE now makes sense
Dogecoin (DOGE) has surged nearly 100% quarter-to-date (QTD) on hopes that Elon Musk would integrate the token onto the Twitter platform. However, DOGE’s potential to continue its uptrend in the coming weeks is low, one popular market analyst argues. Short Dogecoin hard? Independent, pseudonymous market analyst GCR said he is moderately short on DOGE based on its price’s recent reaction to a Musk tweet. Notably, DOGE formed a local top at $0.158 on Nov. 1.ย The same day, Musk shared a picture of his pet Shiba Inu wearing a t-shirt with…
Dogecoin Slides To Support Of $0.11; These Indicators Point To Bearish Weaknessย
After breaking out from its long-range channel movement, DOGEโs price shows much strength but has struggled recently.ย ย ย DOGE suffers more sell-off as price loses steam to rally higher, falling to its key support for bulls to push price up. DOGEโs price remains strong on the daily timeframes as the price trades above the 50 and 200 Exponential Moving Averages (EMA). Dogecoin (DOGE) price recently showed some great price action as the price rallied to a high of $0.15, gaining over 150% within 7 days. Still, the price has failed to…
Dogecoin Crosses A 200-Day Moving Average Since June 2021
Although Dogecoin lost much of its value in 2018, it still has supporters who trade it. The majority are using it for content on Twitter and Reddit. Dogecoin is based on the dog meme. Elon Musk continually supports the memecoin, thereby affecting its prices always. The complete official acquisition of Twitter inspired a massive price rally for DOGE. Over the past seven days, the cryptocurrency has pushed above a 200-day moving average. It is a huge comeback for DOGE after trading below $0.06 a week ago. Its price jumped to…
First Mover Asia: Alameda Research, FTX Are Bound to Each Other; Bitcoin Trades Sidways, Dogecoin Plunges Late as Twitter Halts Work on Crypto Wallet
First Mover Asia: Alameda Research, FTX Are Bound to Each Other; Bitcoin Trades Sidways, Dogecoin Plunges Late as Twitter Halts Work on Crypto Wallet Source
Twitter Halts Work on Crypto Wallet: Report; Dogecoin Drops 4%
The company is expected to lay off about half its employees, according to a Bloomberg report on Thursday, citing unnamed sources. Last week, Musk ousted his CEO and other senior executives, and in the past has made no secret of his intent to change Twitter’s direction. Source
“Bitcoin may DUMP now” – Ethereum, Shiba Inu and Dogecoin news today | Bitcoin Price Prediction
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Shiba Inu price drops to record low vs Dogecoin โ Will history repeat with a 150% rally?
Shiba Inu (SHIB) price can rise by nearly 150% versus its top meme-coin rival, Dogecoin (DOGE), in the coming months, based on a technical fractal. SHIB hits record low against DOGE The bullish setup appears as the SHIB/DOGE pair rebounded slightly after dropping to 0.0000841 โ its lowest level ever โ on Nov. 1. The price level coincided with a descending trendline that has served as strong support for the pair since November 2021. For instance, Shiba Inuโs previous drop to the said trendline occurred in May 2022, which preceded…
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