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On September 21, the Israel Defense Forces and the Israel Security Directorate (Shin Bet) issued a joint statement on the 20th, saying that the Israeli military killed three Palestinian Islamic Resistance Movement (Hamas) militants in the Gaza Strip, two of whom had participated in the October 7, 2023 attack on Israel.The Russian Ministry of Defense announced on September 20 that Ukraine launched a large-scale attack using drones and Flamingo cruise missiles on September 19-20 in an attempt to disrupt the State Duma (lower house of parliament) elections. Over the past day, Russian air defense forces shot down 1,951 attack drones and 8 cruise missiles over multiple regions of Russia. One Ukrainian cruise missile veered off course and crashed in an uninhabited area. The Ministry of Defense stated that all Flamingo cruise missiles launched by the Ukrainian forces were destroyed before reaching civilian infrastructure in the Moscow area. The large-scale attack attempt against Moscow failed, and the Ukrainian forces did not achieve their objectives. The Ministry of Defense emphasized that in response to the Ukrainian attacks on civilian infrastructure within Russia, the Russian Armed Forces will continue and intensify their use of high-precision weapons to strike military targets in Kyiv.Joint Maritime Information Center: In the past 72 hours, the U.S. Navy assisted in 97 transits through the Strait of Hormuz.The Russian Ministry of Defense announced that in response to attacks on civilian infrastructure by Ukrainian armed forces, the Russian military will intensify its strikes against military targets in Kyiv.The Russian Ministry of Defense stated that the Ukrainian armed forces attempted to launch a large-scale attack using drones and Flamingo missiles to disrupt Russian citizens ability to express their will during the elections scheduled for September 19-20.

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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