The Cryptos News | Daily Bitcoin News
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
The Cryptos News | Daily Bitcoin News
No Result
View All Result
Home Trading

Will Elon Musk Reneging On Twitter Deal Kick Dogecoin To The Curb? A Look At The Crypto’s

Will Elon Musk Reneging On Twitter Deal Kick Dogecoin To The Curb? A Look At The Crypto’s
Share on FacebookShare on Twitter


Dogecoin DOGE/USD was heading toward another 5% decline on Monday after closing Sunday’s 24-hour trading session down 3.1%.

The crypto may be suffering a delayed reaction to news Tesla, Inc TSLA CEO and Dogecoin bull Elon Musk reneged on his deal to purchase Twitter, Inc TWTR for $44 billion. The deal looked bullish for Dogecoin, as many believed the crypto’s utility could be boosted if Dogecoin was added as a payment method on the microblogging website.

Dogecoin’s bearish continuation on Monday caused the crypto to negate the gradual uptrend DOGE had been trading in since June 30, although a downtrend has not yet been confirmed.

Want direct analysis? Find me in the BZ Pro lounge! Click here for a free trial.

The Dogecoin Chart: When Dogecoin fell below the $0.065 level during Monday’s 24-hour session, the uptrend was negated because the crypto printed a lower low under the July 5 low-of-day. If Dogecoin continues to plunge during Tuesday’s session, bullish traders can watch to see if the crypto forms a bullish double bottom pattern at the $0.062 mark, which Dogecoin reacted bullishly to on June 30.

  • If Dogecoin is able to bounce up and close Monday’s session with a lower wick, the crypto will print a hammer candlestick on the daily chart, which could indicate a bounce is in the cards for Tuesday’s 24-hour session. Bullish traders will then want to see Dogecoin jump up above the July 8 high-of-day at $0.73, which would indicate the recent pullback was a bear trap.
  • Bearish traders will want to see Dogecoin close the session near its low-of-day and fall below the June 30 lowest price to negate a possible double bottom pattern. The crypto has room in terms of its relative strength index to trade lower before bouncing.
  • Dogecoin has resistance above at $$0.065 and $0.083 and support below at 6 cents and the 5-cent mark.

See Also: Bitcoin, Ethereum, Dogecoin Go Red Again: What To Watch



Read More:Will Elon Musk Reneging On Twitter Deal Kick Dogecoin To The Curb? A Look At The Crypto’s

Tags: CryptoscurbDealDogecoinElonKickMuskRenegingTwitter
Previous Post

From $10 billion to zero: How a crypto hedge fund collapsed and dragged many investors

Next Post

10 best crypto mobile games

Related Posts

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

by The Cryptos News
July 30, 2022
0

In a recent announcement dated 29 July, co-founders of CoinFLEX, Sudhu Arumugam and Mark Lamb, provided an important update....

SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

by The Cryptos News
July 30, 2022
0

The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has published a video explaining how the...

Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

by The Cryptos News
July 29, 2022
0

Comment on this storyCommentCryptocurrency traders have been put on notice that the US Securities and Exchange Commission considers a...

FTX wins full approval to operate crypto exchange in Dubai

FTX wins full approval to operate crypto exchange in Dubai

by The Cryptos News
July 29, 2022
0

Representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration/File PhotoRegister now for FREE unlimited access to...

Next Post
10 best crypto mobile games

10 best crypto mobile games

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trending News

Payperless Crypto Wallet announced working on NFT tokens support

Payperless Crypto Wallet announced working on NFT tokens support

June 25, 2022
June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

July 14, 2022
Exclusive: Binance served crypto traders in Iran despite U.S. sanctions, clients say

Exclusive: Binance served crypto traders in Iran despite U.S. sanctions, clients say

July 11, 2022
ADVERTISEMENT

Investment

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

July 30, 2022
Study up and become a more informed crypto investor with this bundle

Study up and become a more informed crypto investor with this bundle

July 30, 2022
Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

July 30, 2022
Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

July 29, 2022
$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

July 29, 2022

Prices

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

July 30, 2022
Tron price prediction as Unifi Protocol TVL explodes

Tron price prediction as Unifi Protocol TVL explodes

July 30, 2022
Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

July 30, 2022

Crypto Flipsider News – Crypto Market Rally; Nirvana (NIRV) Exploited; Vasil Delayed;

July 29, 2022

Trading

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

July 30, 2022
SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

July 30, 2022
Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

July 29, 2022
FTX wins full approval to operate crypto exchange in Dubai

FTX wins full approval to operate crypto exchange in Dubai

July 29, 2022
Crypto exchange Zipmex files for bankruptcy protection in Singapore

Crypto exchange Zipmex files for bankruptcy protection in Singapore

July 29, 2022
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA

© 2021 Thecryptosnews.com

No Result
View All Result
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading

© 2021 Thecryptosnews.com

wpDiscuz