We have plenty of negativity in the dogecoin market, and therefore it should continue unless of course it gets help from the outside. cryptocurrency Crypto cryptotrading cryptotraders cryptocoin
After all, the market tends to move more or less on momentum, and as there is no man-to-man crypto overall, there certainly will not be much momentum in Dogecoin. Yes, recently we had seen a little bit of a spike towards the $0.20 level as Elon Musk tweeted that Tesla is going to start taking Dogecoin as payment for their cars.
Longer-term, it looks as if Dogecoin is going to go looking towards the $0.10 level, which I think could be somewhat important due to a psychological standpoint . Whether or not that holds will almost certainly depend on Bitcoin, as the rest of the crypto markets move based upon what that market does. Until Bitcoin turns around and goes higher, Dogecoin does not stand much of a chance although the occasional “pump and dump” might come along with some type of random tweet, etc.
The 50 day EMA sits just above the $0.17 level, just as the 200 day EMA sits just below the $0.20 level. Both are sloping lower and of course we have had the “death cross” form, when the 50 day EMA crosses below the 200 day EMA. That is a very negative signal for longer-term traders, but it is a little bit late to use that as an entry signal.
It does suggest that we have plenty of negativity in this market, and therefore I think it should continue unless of course it gets help from the outside.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Two-Time Emmy Winning Executive Producer Joins Dogecoin CommunityICYMI: Dogecoin community welcomes producer and entrepreneur TJ Allard as its new member DOGE $DOGE DOGEArmy
Les mer »
Dogecoin Creator Sends His Personal DOGE NFT Collection to Sell on OpenSeaICYMI: according to Billy Markus, the last three of his 'dreaming DOGE' NFTs have been sent to OpenSea $DOGE DOGE Dogecoin
Les mer »
Gold Price Forecast: XAU/USD under pressure, tumbles below $1800Gold lost more than $10 in a few minutes after breaking under $1800. XAU/USD bottomed at $1788, reaching the lowest level since Monday. It remains und
Les mer »
Silver Price Analysis: XAG/USD still struggling with selling pressure ahead of $23.00 area despite ongoing buck woesSilver Price Analysis: XAG/USD still struggling with selling pressure ahead of $23.00 area despite ongoing buck woes By Frank_Macro XAGUSD Silver NFP
Les mer »
Dogecoin Co-Founder Urges Community Not to Focus on PriceDogecoin adoption could be negatively affected by toxicity within the community, according to co-founder BillyM2k
Les mer »
EUR/USD Forecast: Advancing amid the European Central Bank’s decisionThe ECB maintained its monetary policy unchanged insisted that inflation with moderate in time. EURUSD is mildly bullish in the near term but still needs to clear 1.1345 resistance. Forecast FX Forex Trading
Les mer »