Author: dfmines

More entities than ever are underwater at current prices, but there is little consensus over conditions improving yet.

Market pundits anticipate the dollar rally to either stall or correct by the end of 2022, benefiting Bitcoin.

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Market observers are seeing Dogecoin (DOGE) price retreating back into the red territory, expecting the meme coin to register new lows on a weekly, monthly and even yearly basis if some support does not come quickly to lift the sluggish coin. As of this writing, DOGE is trading at $0.0653, down 4.5% in the last seven days, data from Coingecko show, Sunday. Tesla CEO Elon Musk has always been an avid Dogecoin supporter. His fame and standing on the worldwide markets have enabled him to significantly influence the price and appeal of DOGE. Suggested Reading | Cardano (ADA) Looks To Recover After Sliding To $0.43 – Pressure’s On For The Bulls Where’s The Musk Tweet When Dogecoin Needed It? As DOGE takes a heavy beating in the ongoing bear market, it is only natural to think that, perhaps, another tweet from Musk might provide some boost of energy to the lethargic coin? Based on Coingecko charts, DOGE is down 0.6 percent in the one-hour timeframe, and 3.0 percent in the last 24-hours. Since the Dubai Economic Forum, where the billionaire talked about Twitter and steered clear of any topic about cryptocurrency, DOGE hasn’t received any social media “promotion,” especially from its superfan, Musk. As of Sunday’s quick overview, DOGE price looks bearish as analysts noted some weakness to retrace further; a consolidation has developed below $0.68. DOGE total market cap at $8.69 billion on the weekend chart | Source: TradingView.com Consequently, the DOGE/USD pair appears primed for more declines and to continue its path toward even more loss next week. The likely initial objective is the $0.61 mark, which emerged as a clear support and resistance level in the past. Suggested Reading | Ethereum (ETH) Bends Toward $1,000 As Doubt Fills Crypto Markets Lethargic Dogecoin Feeling The Pinch In the past 24 hours, the broader cryptocurrency market has traded with moderate bullish momentum. Bitcoin lost 0.35 percent, the most among major cryptocurrencies, while Ethereum shed 2.16 percent. The remaining leading cryptocurrencies have followed closely behind. In the past three days, the DOGE price has rejected the $0.065 support zone, indicating that buyers are protecting this region. If the meme coin recovered from this support, buyers would bring the price back to the level of dual resistance. Last May, as Dogecoin’s price neared an all-time high of $0.72, the cryptocurrency’s loyal fan base believed that Musk’s upcoming appearance on “Saturday Night Live” that month would send the value of the parody coin “over the moon.” In the subsequent year, its price has plummeted back to Earth. As of the time of writing, Musk has remained absolutely mute regarding cryptocurrencies. Featured image from The Tech Outlook, chart from TradingView.com

This place has gone to absolute shit. It's embarrassing. Scrolled Reddit for 2 minutes today and have seen the following from r/cc: Dumb fucks explaining why bitcoin has value and completely missing the mark. I actually found it hard not to upvote the buttcoiner comments because they know more than you do. (Bitcoin does have…
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The DeFi industry needs a sound market structure and systemic independence from current transactional systems.

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Newbie crypto traders should be wary of bull traps. If you suspect one is on the way, here are some tips to identify it.

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