Fun

Biggest Movers: DOGE up on Twitter News, WAVES Deep in the Red

News Feed - 2022-04-26 01:04:53

Biggest Movers: DOGE up on Twitter News, WAVES Deep in the Red


DOGE rallied on Monday, as traders reacted to the news that Elon Musk was possibly nearing a takeover of Twitter. While DOGE surged, AXS and WAVES were also big movers, however they were mainly in the red, as recent losses extended. Dogecoin (DOGE)


DOGE was trading higher to start the week, as markets reacted to the news that Elon Musk’s bid to acquire Twitter was being considered by the board.


Musk previously stated that he could see DOGE used as a payment or tipping method on the platform, should his attempts to acquire the social media company succeed.


Following the news, DOGE/USD rose to a peak of $0.1412 in today’s session, which is over 5% higher than Sunday’s low of $0.1239.


Monday’s surge in price comes after a false breakout of the $0.1310 support level, which then sent prices to their lowest level since March 22. DOGE/USD – Daily Chart


Today’s rally, which appears as if it could be a bullish engulfing pattern, put an end to a six day losing streak for DOGE.


In addition to this, momentum seems to also be climbing, with the 14-day RSI rising above the 50 level for the first time in over a week.


Should this trend continue, the next obvious target will be the long-term resistance point of $0.1500.


WAVES


WAVES, on the other hand, was predominantly in the red today, as it extended a recent losing streak that has sent prices down to multi-week lows.


Since peaking above $64 to start the month, WAVES has mainly moved lower in April, and today fell to a bottom of $15.98.


Today’s intraday low in WAVES/USD follows on from Sunday’s high of $18.09, and comes as price has fallen for six days in a row. WAVES/USD – Daily Chart


This latest drop seems to have taken prices to a support level of $16.50, which is the lowest floor for WAVES since early March.


In addition to this, today’s 8% drop has also led to a decline in relative strength, and the 14-day RSI is tracking at multi-week lows.


As of writing, WAVES is deep in oversold territory, which could be a positive for those waiting for a rebound, as bulls could see this as an opportune time to buy low. Tags in this story Doge, Elon Musk, Twitter, WAVES


Might we see a rebound in WAVES this week? Let us know your thoughts in the comments. Eliman Dambell


Eliman brings a diversified point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX. Bitcoin, Ethereum Technical Analysis: ETH, BTC Fall to 5-Week Lows MARKET UPDATES | 10 hours ago Biggest Movers: MATIC Slips on Saturday, RUNE and LUNA Over 5% Lower MARKET UPDATES | 2 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleReport: Twitter Engages in Negotiations With Elon Musk, Analyst Says Unless a Second Bidder Appears Musk Will Acquire the Company Next articleUncollateralized Lending Platform Truefi Reveals $100 Million Single-Borrower Pool Designed for Blockchain.com Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItCentral Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year


The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.Tony Hawk"s Latest NFTs to Come With Signed Physical Skateboards Fidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand" Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms Terra"s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin

News Feed

KyberSwap hacker bridges $2.5M in stolen funds to Ethereum
Ezra Reguerra12 hours agoKyberSwap hacker bridges $2.5M in stolen funds to EthereumA wallet address linked to the KyberSwap exploiter was seen transferring $2.5 million from Arbitrum to Ethereum.1541 Total views4 Total s
Crypto Exchange Kraken Freezes Accounts of FTX, Alameda Research, Their Executives
Crypto Exchange Kraken Freezes Accounts of FTX, Alameda Research, Their Executives Crypto exchange Kraken has frozen a handful of accounts owned by the bankrupt FTX Group, Alameda
Celestia (TIA) Set For Major Breakout? Top OTC Exec Warns Of Supply Shock
Este artículo también está disponible en español. In an analysis shared on X, Taran Sabharwal, CEO of Stix—a leading OTC trading platform specializing in liquidity solu
Prashant Jha10 hours agoBitcoin user pays $3.1M transaction fee for 139 BTC transferA mempool developer suggested that the user behind the transfer might not be aware of the non-cancellation of replacement fees policy, r
Bank of Ghana unveils draft rules for cryptocurrency exchanges
Arijit Sarkar1 hour agoBank of Ghana unveils draft rules for cryptocurrency exchangesThe Bank of Ghana introduces draft guidelines to regulate digital assets, focusing on exchanges and consumer protection measures.431 To
Dogecoin Bullish Takeover: DOGE To Outperform Bitcoin By 2,400% — Here’s How
Este artículo también está disponible en español. The price of Dogecoin had one of the most profitable Novembers in its history, surging by more than 150% over the past 3
UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal
UBS Considers Acquiring Credit Suisse, Requests Government Backstop in Deal After Credit Suisse Group AG announced it would borrow 50 billion Swiss francs from the Swiss National B
Zhiyuan Sun3 hours ago$656M lost from crypto hacks, scams and rug pulls in H1 2023: ReportApproximately $215 million of stolen assets have since been recovered.718 Total viewsListen to article 0:00NewsJoin us on social n
Study Finds Most Popular Cryptocurrencies With Russian Social Media Users
Study Finds Most Popular Cryptocurrencies With Russian Social Media Users In a year with rising crypto prices, online chatter devoted to cryptocurrencies has increased significantl
Tanzanian Central Bank Governor: Cryptocurrencies Not Outlawed, Traders Should Invest at Own Risk
Tanzanian Central Bank Governor: Cryptocurrencies Not Outlawed, Traders Should Invest at Own Risk The Tanzanian central bank governor recently revealed that cryptocurrencies are no
Helen Partz11 hours agoBitcoin salary: Employees choose crypto paychecks amid economic instabilityVolatility among some fiat currencies has made stablecoins like USDC a more attractive option for payroll, according to HR
David Attlee13 hours agoBinance excludes Banco de Venezuela from P2P paymentsBanco de Venezuela, one of the largest financial institutions in the country, was acquired by the sanctioned government in 2009.1836 Total view