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On October 10, Russian Presidential Press Secretary Dmitry Peskov stated that Russian President Vladimir Putin had previously proposed extending the New START Treaty with the United States for one year, but Russia had not yet received a response from the United States. He also stated that the dialogue between Russia and the United States had reached a "serious stagnation." In response to questions about whether Putin and US President Donald Trump would meet again, Peskov stated that the issue "is not yet on the agenda." Regarding Ukraine, Peskov stated that Ukraine is not currently committed to advancing the peace process. He emphasized that there has been no progress in the Russia-Ukraine negotiations.On October 10, the National Payments Corporation of India (NPCI) and fintech company Razorpay said on Thursday that they have partnered with OpenAI to launch AI-driven payments on ChatGPT. The program, currently in the pilot phase, will allow users to pay for purchases on ChatGPT through Indias local Unified Payments Interface.Ford Motor (FN) is canceling a plan to extend its $7,500 electric vehicle tax credit.As of the week ending October 3, foreign central banks held U.S. Treasuries worth -$4.445 billion, compared with -$18.993 billion in the previous week.The Dow Jones Industrial Average closed down 243.36 points, or 0.52%, to 46,358.42 on Thursday, October 9; the S&P 500 closed down 18.61 points, or 0.28%, to 6,735.11 on Thursday, October 9; and the Nasdaq Composite closed down 18.75 points, or 0.08%, to 23,024.63 on Thursday, October 9.

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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