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Market news: Tesla (TSLA.O) reached a settlement in the 2019 California crash lawsuit before the jury trial.On September 17, local time on the 16th, it was learned that Ukrainian President Zelensky said he was willing to meet with US President Trump and Russian President Putin without preconditions, but he would not go to Moscow, the capital of the country that is attacking Ukraine. Zelensky also said that Russia is preparing two autumn offensives.On September 17, US President Trump said he spoke with Indian Prime Minister Narendra Modi, a move aimed at easing tensions between the two economies amid friction over tariffs and New Delhis purchase of Russian oil. Trump posted on social media that he had a "very good" call with Modi and extended birthday wishes. He added, "Hes doing a great job. Thank you for supporting the efforts to end the conflict between Russia and Ukraine!" The call came as the two countries resumed trade negotiations this week, with both sides describing the talks as positive and aimed at resetting bilateral relations after Trump imposed 50% tariffs on Indian goods last month. Earlier that day, Modi tweeted that India supports Trumps "initiative for a peaceful resolution of the conflict in Ukraine."On September 17, Scott Rubner, head of equity and equity derivatives strategy at Citadel Securities, said that the current rally that has pushed U.S. stocks to new highs may experience some volatility in the coming weeks, but is expected to end strongly before the end of the year. Rubner wrote that the S&P 500 has risen 17% from its low for the year, and short-term risks include overvaluation, seasonal fluctuations common in September and October, and possible selling by trend-following funds. However, these potential signs of weakness are unlikely to last, as the tailwinds supporting the stock markets rise - including corporate spending on artificial intelligence and demand from retail investors - will continue to power the market in the final months of 2025. "Stay positive on structural demand, but hedge against short-term risks, as September to October remains a fragile window," Rubner wrote, adding that investors should view short-term pullbacks as buying opportunities.European Commission President Ursula von der Leyen stated that Russias war economy relies on revenue from fossil fuels. To prevent this, the Commission will propose an accelerated phase-out of Russian fossil fuel imports.

Initial DOGE Price Pressure Exists While Bulls Target a Return to $0.10

Daniel Rogers

Oct 28, 2022 15:21

截屏2022-10-28 下午3.22.41.png 

 

Dogecoin (DOGE) enjoyed another breakout day on Thursday, while shiba inu coin (SHIB) joined the broader cryptocurrency market in the red. Updates on Elon Musk's takeover of Twitter (TWTR) provided support for DOGE. The technical signs are optimistic, and investors in DOGE are anticipating a recovery to $0.10.

 

On Thursday, the price of dogecoin (DOGE) increased by 5.82%. Following a 15.22% increase on Wednesday, the closing price of DOGE was $0.07688. Notably, this is the first time since August 17 that DOGE has reached $0.085 per coin.

 

DOGE dropped to an early low of $0.07176 due to a mixed start to the day. DOGE rose to a late-day high of $0.08554 after avoiding the First Major Support Level (S1) at $0.0656. DOGE surpassed the First Major Resistance Level (R1) at $0.0767 and the Second Major Resistance Level (R2) at $0.0807 before closing below $0.080 for the day.

 

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Shiba inu coin (SHIB) dropped 1.39 percent on Thursday. SHIB closed the day at $0.000001064, partially reversing Wednesday's gain of 5.68%.

 

SHIB reached a mid-morning high of $0.00001185 after a strong start to the day. SHIB surpassed the First Major Resistance Level (R1) and the Second Major Resistance Level (R2) at $0.00001106 and $0.00001132, respectively. Nonetheless, a prolonged sell-off caused SHIB to drop to a late low of $0.00000057. SHIB avoided the First Major Support Level at $0.00001036 despite the reversal.

 

US economic indices and business earnings contributed to a negative cryptocurrency trading session, leaving SHIB in the red. However, Twitter (TWTR) acquisition-related market news releases continued to bolster the DOGE price.

 

Elon Musk reportedly took control of Twitter on Thursday, with CEO Parag Agrawal and CFO Neal Segal reportedly quitting the company.

 

Elon Musk's Twitter ambitions must be crypto-friendly in order to enable DOGE's ongoing ascent. We anticipate that any mention of DOGE as a payment method by Musk will signify a DOGE advance toward $0.10.