EUR/USD 1.15678
0.343%
Gold 4376.09
0.578%
Oil 81.485
1.319%
USD/JPY 159.356
-0.090%
GBP/USD 1.35343
0.362%
GBP/JPY 215.682
0.268%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
August 16th - According to the State Council Information Office website, a press conference will be held at 3:00 PM on Monday, August 17th, 2026. Fu Linghui, spokesperson, chief economist, and director of the Department of National Economic Comprehensive Statistics of the National Bureau of Statistics, will introduce the national economic performance in July 2026 and answer questions from reporters.August 16th - A Financial Times poll shows that a majority of American voters believe their living conditions have worsened under Donald Trumps leadership, indicating growing public dissatisfaction with the presidents handling of the economy and the cost of living. With less than three months until the November midterm elections, a national poll conducted by Focaldata found that over 53% of registered voters said their finances have deteriorated since Trump returned to the White House in January 2025. Nearly 57% of independent voters and almost a quarter of self-identified Republicans also believe their situation has worsened under the current president. Furthermore, voters are more inclined to believe that Democrats are better positioned than Republicans to address inflation and the cost of living. Democrats also have a slight edge on jobs and the economy, areas long considered Republican strengths.August 16th - According to the U.S. Securities and Exchange Commission (SEC), H&H International Investment, managed by Duan Yongping, held approximately $19.1 billion in total market value at the end of the second quarter, a decrease from approximately $20 billion at the end of the first quarter. In the second quarter, H&H continued to increase its holdings in Pinduoduo, Berkshire Hathaway Class B shares, and Disney, established a new position in Alibaba, while significantly reducing its holdings in Nvidia, Google, and Microsoft, and completely liquidating its positions in TSMC and CrowdStrike.SpaceX: The team completed consecutive cross-coastal launches of Falcon 9 rockets from Florida and California.Israeli Defense Minister: We will not leave any unresolved issues on any battlefield, and we will do everything in our power to protect our soldiers and citizens.

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.

Suggestion