Dogecoin (DOGE) Price Spike Is Not What You Might Think: Crypto Market Review, October 5

we saw yesterday might be in its final stages, considering the state of most digital assets we are seeing today. Even a strong price performance on assets like DOGE does not seem to have a strong foundation beneath it.Despite the strong 7% price increase we saw yesterday, Dogecoin is not showing any signs of a noteworthy breakthrough and is already losing more than half of its value in today's trading session.

The problem with the current price increase is the main reason behind it, which is the potential finalization of Elon Musk's Twitter purchase. Previously, some crypto enthusiasts suggested that Musk would bringHowever, according to court documents, Musk does not think implementation of digital assets on the platform is a good idea considering all the congestion and security issues digital asset users face outside of mainstream platforms.

The lack of fundamental support and questionable growth fuel creates an immediate profit, taking on the memecoin, which is why we are seeing a return below the exponential moving average. From a technical standpoint, Dogecoin will continue to move in the prolonged consolidation channel formed back in June. In the long term, DOGE moves in a sharp downtrend since 2021 and, unfortunately, shows no signs of a reversal since April of this year.

AGED LIKE MILK

Insane I have finally foound this

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Elon Musk Reportedly Proposes to Proceed With Twitter Acquisition.elonmusk's on-again/off-again deal to purchase Twitter $TWTR at $54.20 per share is reportedly back on. Twitter is halted up 13% and Dogecoin is moving higher as well. SteveAlpher reports elonmusk SteveAlpher how ccomee no onee is talking about this elonmusk SteveAlpher 🚀Thankss a millon elonmusk SteveAlpher How convenient DXY is dumping, he’s losing in court and the stock market his bouncing.
Herkunft: CoinDesk - 🏆 291. / 63 Weiterlesen »

XRP Might Be Recharging for Another Spike up, Following 25% Rally: Crypto Market Reivew, October 3Most cryptocurrency assets are back in green, but underlying market indicators show it is way too early to celebrate neews aree dumb about this trick Is there anything like it? I wish someone showedd me this earlierr
Herkunft: Utoday_en - 🏆 295. / 63 Weiterlesen »

Market Wrap: Crypto Markets Flatten as Latest Employment Data Throws a Setback for Inflation HawksMARKET WRAP: Macroeconomic news continues to shape crypto price moves; $BTC trades flat, but hovers above $20K. GWilliamsJr_CMT and _jocelynyang_ report GWilliamsJr_CMT _jocelynyang_ how ccome mediia are dumb about thiis triicck GWilliamsJr_CMT _jocelynyang_ This is a great time to spend usdt to buy bitcoin.
Herkunft: CoinDesk - 🏆 291. / 63 Weiterlesen »