DOGEUSD Fresh Lows May Cause Havoc for Speculators dogecoin DogecoinToDollar cryptotrading
. However, things have taken a turn for the worse in early trading today and among them Dogecoin has suffered.
DOGE/USD is testing the lowest realms of its values and is hovering slightly over values seen on the 22of January when it traded slightly below 12 cents momentarily. The ability of DOGE/USD to once again flirt with these low values is certainly causing problems for some speculators who perhaps bought DOGE/USD with a long term hold outlook and are likely growing nervous.
However, the current bearish trend of DOGE/USD doesn’t show much capability to suddenly ignite upwards. In fact, if Dogecoin were to sink below its lows seen exactly one month ago, this might trigger more panic selling among its speculative backers.of February, DOGE/USD was trading near 17 cents as it achieved a rather strong reversal higher after January’s large selloff.
Volatility has always been part of DOGE/USD and its trading environment now offers the capability to see large changes in value within a short amount of time.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil price set to test fresh peaks barring Iran breakthroughEfforts by governments to drive an economic rebound are likely to add strain to tight oil supplies and could send prices to fresh peaks, unless international talks end sanctions on Tehran and lead to a surge in Iranian exports.
Read more »
USD/CHF drops to fresh monthly low, challenges 200-DMA around 0.9175 areaThe USD/CHF pair dropped to a fresh monthly low during the first half of the European session and was last seen flirting with the 200-day SMA, around
Read more »
Martha Stewart's Fresh Quiche Recipe Is Perfect to Make For Any OccasionMartha Stewart just upped the ante for how we'll make quiche from now on.
Read more »
USD/RUB corrects from fresh daily highs as Ukraine crisis escalatesUSD/RUB is down 0.18% on the session as the US dollar cools off following a frantic day of headlines related to the Ukraine crisis that saw the pair r
Read more »
James Argent sings at Mark Wright dad's birthday bash fresh from rehab stintJames 'Arg' Argent worried fans after stories surfaced this weekend that he was getting help in rehab again, but the former TOWIE star appeared in high spirits as he performed at his pal Mark Wright's dad birthday over the weekend
Read more »
Giada De Laurentiis Just Put a Fresh Italian Spin On Tuna Salad & We're DroolingThanks to GDeLaurentiis, we have the perfect salad recipe for a tasty, light lunch. Try it this PresidentsDay. 🥗
Read more »