The DOGE cryptocurrency price movement did not change significantly during the trading month. In the previous analysis, we outlined the importance of the $0.1 mark for the medium-term growth wave. Since then, the DOGE price has continued to move within the consolidation wedge and has not fallen below the critical mark. The level of passivity of market participants is outrageous. However, the weakness of the price fall and low volumes during the fall – this is the problem of sellers. No matter how weak or scared the buyers are at the moment, they manage to turn the price in a weekly timeframe. https://www.tradingview.com/x/yhjP15pw/ The main scenario is the $0.26 test remains valid. This mark shows the global trend line of the correctional channel of sellers. In this channel, the DOGE price is traded from June 2021. On the way to the $0.26 mark, buyers will face another problem – the $0.17 mark. At this point, the average trend line of the fall channel. However, a much more important fact is that the range of $0.17 confidently stopped the DOGE price rebound in late November. As we can see in the chart, buyers could not take control of this mark for 5 weeks. Therefore, the probability of a rebound from this mark and a retest of the mark of $0.138 is the main scenario for us. Technical Analysis Of DOGE On The Daily Timeframe https://www.tradingview.com/x/fPReABhr/ Analyzing the movement of the DOGE price on the daily timeframe, we see the beginning of a new growth wave. So far, all this is organized lazily and without confirmed volumes. However, each new wave begins its formation with uncertain movement. To accelerate the potential growth trend, buyers should first go beyond the wedge and break the $ 0.138 mark. Starting from 21 February, sellers took control of this mark. Although at the moment the local low update is rather sluggish, the initiative still belongs to sellers. Breaking and taking control of the $0.138 mark will guarantee buyers a confident continuation of the growth wave. This should be taken into account when planning an investment in the DOGE cryptocurrency. An unsuccessful attempt by buyers to take control of the $ 0.138 mark will increase the risk of the $ 0.113 mark test. However, even such a scenario will be safe for the formation of a new growth trend in the near future. The DOGEBTC Price Is In The Critical Range Of 0.00000290 https://www.tradingview.com/x/iEajwodt/ Hints of positivity can also be found on the DOGBTC global price list. What positive can be find since January 2022? Yes, every next week closes below the opening price. However, pay attention to the local low update from November 2021. In the case of sellers’ strength and the complete disinterest of buyers, the DOGEBTC price had to accelerate its decline. Then we see the price fall stop after updating the low and a signal for reversal. In the weekly timeframe, this means the formation of a medium-term growth wave with the first target of 0.00000350. For a global reversal in the DOGEBTC market, buyers should take control of the 0.00000450 mark.
Less than a year after approving the 15th regulated adult-use market in the United States, New York is almost ready to begin sales. The recreational market could generate at least $1 billion in sales in its first year of operation, while the state earns about $350 million in annual tax revenue. The state's announcement to give equity applicants a headstart over large companies is a huge move. Hundreds of New York cannabis ex-convicts are hoping to get one of these licenses for a smooth transition into the legal cannabis market. The initiative has given residents of disadvantaged communities hope that their futures could be bright and high!
As nations worldwide continue to sanction Russia in condemnation of their invasion of Ukraine, companies have now joined the movement to exclude the Russian government — and sometimes Russians— from their list of clients. Some of these companies have decided to ban them as a recommendation to the international sanction provisions from The Office […]
Universal Music Group just purchased a Bored Ape Yacht Club Ethereum NFT and spent about $365,000 on it so let’s read more about it in today’s latest Ethereum news. The record label Universal Music Group purchased a BAYC NFT to create a character for the virtual band initaitive Kingship. The Bored Ape NFT owners can […]
Ukrainian tournament platform WePlay Compete, part of WePlay Esports, has launched a series of online esports tournaments to support the Ukrainian army. Play for Ukraine will include online Dota 2 and League of Legends tournaments, with all prize money earned by players during the events being donated to organisations supporting the Ukrainian Armed Forces. RELATED: […]
Gary Gensler, the Chair of the U.S. Securities and Exchange Commission was questioned in a letter by eight members of the U.S. Congressional Blockchain Caucus concerning the treatment of SEC towards crypto firms. Congress Members’ Crypto Probe The initiative was spearheaded by Congressman Tom Emmer (R-MN) on March 16, 2022. Emmer took to Twitter stating that the U.S. Congress office had been receiving several tips from many crypto and blockchain firms alike. These tips were shared in regards to Gensler’s ‘requests’ to the crypto community that was burdensome, not voluntary, and were bordering towards ‘stifling innovation.’ My office has received numerous tips from crypto and blockchain firms that SEC Chair @GaryGensler’s information reporting “requests” to the crypto community are overburdensome, don’t feel particularly… voluntary… and are stifling innovation. — Tom Emmer (@RepTomEmmer) March 16, 2022 Tom Emmer replied to his tweet by sharing his bipartisan letter to the SEC Chair which was highly appreciated by the Blockchain Association. The Association gave the due credits to the eight members including Emmer, Darren Soto, Warren Davidson, Jake Auchincloss, Byron Donalds, Josh Gottheimer, Ted Budd, and Ritchie Torres. This is why I sent a bipartisan letter today to SEC Chair @GaryGensler with @RepDarrenSoto, @WarrenDavidson, @RepAuchincloss, @RepDonaldsPress, @RepJoshG, @RepTedBudd, and @RepRitchie regarding the SEC’s crypto information seeking process. pic.twitter.com/8HcTgZA0XL — Tom Emmer (@RepTomEmmer) March 16, 2022 The letter alleged the Securities and Exchange Commission’s Chair in gathering information in an inconsistent manner, which was the polar opposite to Commission’s standards for “initiating investigations.” Gary Gensler is known for being a nemesis of the crypto industry for a long time.
People worldwide have sent emails and text messages straight to Russian citizens via 1920.in, a cyber tool to workaround Russia’s internet blockade (1). Polish programmers created the website after acquiring 20 million phone numbers and nearly 140 million emails from Russian individuals and businesses. The site generates numbers and addresses at random from those records. It […]
We are all aware that this day will arrive – and now it is here… Mark Zuckerberg, co-founder of Facebook and CEO of Meta, announced that Instagram will soon be integrated with NFTs. The goal of NFT integration is to give users the capacity to display and mint their non-fungible tokens (NFTs) on the social [...]