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European Council President Costa: We are closely monitoring the situation in Venezuela. The EU will continue to support a peaceful, democratic, and inclusive solution for Venezuela.On January 3, following the U.S.s swift military strikes against Venezuela, several U.S. senators, including Republican senators, questioned the legality of the action. Arizona Democratic Senator Ruben Gallego posted on social media platform X, saying, "This is an illegal war," and that the U.S. has become "the worlds bully." He added, "We have no reason to go to war with Venezuela." "Regardless of the outcome, we were wrong to start this war," he continued. Another Democratic Senator, Brian Schatz, wrote on social media X, "We have no vital national interests in Venezuela that justify this war. We should have learned not to take another foolish risk." Utah Republican Senator Mike Lee also posted on social media, "I want to know, what constitutional basis is there for this action without a declaration of war or authorization to use military force?"On January 3rd, Sun Yanfeng, Director of the Latin American Institute at the China Institutes of Contemporary International Relations, stated that the large-scale air strikes launched by the United States against Venezuela at this critical juncture reflect dissatisfaction with the escalating military threats against Venezuela, which have not achieved the desired results. Therefore, the US is using this large-scale military bombing to continue its strategic goal of overthrowing the Venezuelan government. In the next step, the US is likely to continue air or special operations against Venezuela to achieve its strategic objective of overthrowing the Venezuelan government. The US will also assess Venezuelas current air defense capabilities to determine its ability to withstand a future full-scale US attack.A senior executive at Venezuelas state-owned oil company, PDVSA, stated that according to the companys initial assessment, the US attack did not damage oil facilities; the port of La Guaira in Venezuela was severely damaged in the US attack; and the company informed its employees that production and refining operations are running normally.On January 3, Lei Jun shared Xiaomis latest sales data during a live broadcast, stating that Xiaomi will deliver a total of 410,000 Xiaomi cars throughout 2025.

DOGE Eyes a Return to $0.0850 to Aim for $0.090 as FTX Contagion Declines

Daniel Rogers

Nov 23, 2022 15:37

截屏2022-11-23 下午2.24.11.png 

 

On Tuesday, both Dogecoin (DOGE) and shiba inu coin (SHIB) snapped two-day losing streaks. FTX contagion risk diminished as word of FTX cash holdings and investor interest in FTX assets spread. However, technical indications remain gloomy, with exponential moving averages (EMAs) predicting additional declines.

 

On Tuesday, dogecoin (DOGE) gained 5.23 percent. Reversing Monday's loss of 2.99%, DOGE ended the day at $0.0785. Notably, DOGE closed the day below $0.0800 for the third session in a row.

 

The mid-morning low for DOGE was $0.0729. Avoiding the First Major Support Level (S1) at $0.0715, DOGE climbed to a high of $0.0796 in the early afternoon. At $0.0774, DOGE surpassed the First Major Resistance Level (R1) before retreating. However, a late surge caused DOGE to surpass R1 and close the day at $0.0785.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

On Tuesday, the price of Shiba inu coin (SHIB) increased by 4.76 percent. SHIB closed the day at $0.000000881, reversing Monday's decline of 4.21%.

 

In line with the larger market, SHIB reached a low of $0.00000817 during midmorning. Finding support at the First Major Support Level (S1) at $0.00000816, SHIB surged to a high of $0.00000883 by early afternoon. At $0.00000873, SHIB surpassed the First Major Resistance Level (R1) and closed the day at $0.00000881.

 

FTX contagion risk diminished on Tuesday, providing assistance to DOGE, SHIB, and the broader market. Updates on FTX's assets revealed a substantial cash position, which would mitigate the impact of the company's bankruptcy on its creditors.

 

Reports that Justin Sun of Tron and Brad Garlinghouse of Ripple are interested in FTX assets generated additional support.

 

Nonetheless, Twitter news remained unfavorable for DOGE. There was no new information on Twitter's resumption of the crypto integration project that would promote DOGE adoption.

 

However, investor sentiment increased significantly this morning. Risk of FTX contagion remains the primary motivator. Until the court reveals who FTX's creditors are, downside risks will persist. On Tuesday, the bankruptcy judge ruling over FTX decided to redact the identities of FTX's creditors.

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