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Dogecoin price rolls past $0.4 as trading debuts on Coinbase Pro

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Dogecoin has since mid-this week spiked incredibly, allowing bulls to regain some of the ground lost in May’s massive cryptocurrency crash. Dogecoin dropped to $0.21 before making a brief recovery, stepping above $0.4. However, it retreated and remained relatively consolidated between $0.28 and $0.35.

Coinbase Pro adding support for trading DOGE was a breath of fresh air to the popular meme coin. Investors welcomed the move with open arms, interpreting the event as validation of legitimacy. Moreover, some investors believe that Dogecoin could start being accepted as payment on many platforms, encouraging mainstream adoption.

Investors started depositing DOGE to Coinbase Pro addresses on June 1, but trading will commence on June 3 to allow for liquidity building. Several crypto and fiat pairs are available for buying and selling the meme coin.

Dogecoin settles above key technical levels

Following the upswing triggered by the listing news, Dogecoin extended the bullish leg significantly above $0.3. The 100 Simple Moving Average (SMA) and the 50 SMA hurdles have been overcome, allowing the up leg to stretch past $0.4.

DOGE/USD 12-hour chart

DOGE/USD price chart
DOGE/USD price chart by Tradingview

At the time of writing, DOGE trades at $0.42 while embracing the 50 SMA as immediate support. The Moving Average Convergence Divergence (MACD) shows that the trend is in the bulls’ hands. With the MACD swinging into the positive region and widening the divergence from the signal line, Dogecoin is bound to soar past the immediate hurdle at $0.45 and perhaps set the pace for gains eyeing $0.6.

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Dogecoin intraday levels

Spot rate: $0.42

Trend: Bullish

Volatility: Low

Support: $the 50 SMA and $0.35

Resistance: $0.45 and $0.6

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
John is a talented writer with over two years of experience actively contributing to the cryptocurrency industry by providing credible, interesting and easy to read the content. His main focus is on cryptocurrency price analysis and industry news coverage. Lets follow him on Twitter at @jjisige

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Source: https://coingape.com/dogecoin-price-rolls-past-0-4-as-trading-debuts-on-coinbase-pro/

Blockchain

Ethereum: Will this level hold in the face of selling pressure?

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice

The weekend curse seemed to continue as the global cryptocurrency market opened in the red on yet another Saturday. Ethereum was no exception to the trend and found itself burdened by selling pressure. At press time, the world’s largest altcoin was trading at $2,227, down by 4% in the last 24 hours.

Ethereum 1-day chart

Source: ETH/USD, TradingView

Ethereum’s daily chart pictured an ascending triangle breakdown after the price was rejected at the 20-SMA (red) and $2,540 resistance. A southbound trend ensued and losses amounted to over 13% from the bottom trendline of the pattern. The next question was – What level could provide support for ETH’s downfall?

23 April’s swing low of $2,080 was one defensive option. A bounce back from this region triggered a 100% rally in end-April and saw the digital asset hit its ATH above $4,000. While a similar outcome is certainly unlikely in a bear market, the line could offer support nonetheless.

Further down the charts, another support line rested at 23rd May’s swing low of $1,730. This area was further bolstered by the 200-SMA (green). Once ETH finds its resting ground, the focus would switch to certain resistance levels but the bulls would face an uphill task to target a break above $2,900.

Reasoning

The Relative Strength Index has been unable to break above 50 since the 19th May crash. This indicated that bears were still in control of market prices despite several recovery attempts over the last few weeks. The MACD did see some choppy movement since June but the same has failed to rise above equilibrium. Moreover, the On Balance Volume’s downtrend suggested that selling pressure was still dominant in the market.

While more downside was certainly on the cards, ETH’s support zones can be expected to alleviate incoming selling pressure. However, the price would be constrained going forward. The 20-SMA hovered next to $2,540 and gains would likely be contained below this line over the coming days. Even in the unlikely event of a breakout, ETH did not look ready to climb above $2,900 just yet.

Conclusion 

Ethereum can be expected to find support around $2,080-2,000 region moving forward. A sturdier form of defense rested at $1,730, should it be called into action. In case of a bullish resurgence, ETH could struggle to break above $2,540 over the coming days as bears still had the upper hand.


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Source: https://ambcrypto.com/ethereum-will-this-level-hold-in-the-face-of-selling-pressure

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Blockchain

Scammers are Sending Fake Ledger Wallets to Steal Cryptocurrencies

fake ledger devices

Rate this post Scammers are sending fake Ledger replacement devices to the victims of hacked users exposed in the recent Ledger data breach in order to steal their cryptocurrencies. Victims Of Ledger Hack Receives Fake Hardware Wallet Victims of hacked customer data held by Ledger, which happened almost a year ago are still being targeted by scammers. Over 1 million victims of the hack had their details exposed, including their names, phone numbers, and email addresses with more than 200,000 people also having their home addresses being exposed. Now, scammers have taken a new turn by mailing the same hacked victims fake replacement devices in order to steal their private seeds. A Reddit user initially reported receiving a fake Ledger Nano X device in the mail in an authentic-looking package which included a letter stating the user needed to replace their current wallet for safety reasons. In a Ledger blog post on June 17th, explaining the scam, the company said the box includes a fake letter explaining the “need to replace your existing hardware wallet to secure your funds. This is a scam. The Ledger Nano is fake.” Fake Wallets Designed to Steal User’s Cryptocurrencies The device came in an authentic-looking packaging, with a poorly written letter explaining that the device was sent to replace their existing purportedly signed by Ledger CEO Pascal Gauthier. By tampering with the device, the malicious actors hope to get the victims typing in their recovery words into the fake app, which would enable them to take control of the victim’s funds and gain access to the funds. Last year, customers of Ledgers suffered two significant data leaks, with the first that took place on July 14, when an unidentified third party accessed over one million emails and 9,500 addresses of its customers. The second happened on December 20 when the information was leaked to the internet for free, resulting in a series of phishing and scam attacks by mail.

The post Scammers are Sending Fake Ledger Wallets to Steal Cryptocurrencies appeared first on Cryptoknowmics-Crypto News and Media Platform.

Republished by Plato

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Scammers are sending fake Ledger replacement devices to the victims of hacked users exposed in the recent Ledger data breach in order to steal their cryptocurrencies.

Victims Of Ledger Hack Receives Fake Hardware Wallet

Victims of hacked customer data held by Ledger, which happened almost a year ago are still being targeted by scammers.

Over 1 million victims of the hack had their details exposed, including their names, phone numbers, and email addresses with more than 200,000 people also having their home addresses being exposed.

Now, scammers have taken a new turn by mailing the same hacked victims fake replacement devices in order to steal their private seeds.

READ  Michael Saylor Says $400M Bitcoin Reserve Holdings Could Be Liquidated

A Reddit user initially reported receiving a fake Ledger Nano X device in the mail in an authentic-looking package which included a letter stating the user needed to replace their current wallet for safety reasons.

In a Ledger blog post on June 17th, explaining the scam, the company said the box includes a fake letter explaining the “need to replace your existing hardware wallet to secure your funds. This is a scam. The Ledger Nano is fake.”

Fake Wallets Designed to Steal User’s Cryptocurrencies

The device came in an authentic-looking packaging, with a poorly written letter explaining that the device was sent to replace their existing purportedly signed by Ledger CEO Pascal Gauthier.

By tampering with the device, the malicious actors hope to get the victims typing in their recovery words into the fake app, which would enable them to take control of the victim’s funds and gain access to the funds.

READ  Ledger Live New Version Launches Coin Control Feature To Protect Bitcoin Transaction

Last year, customers of Ledgers suffered two significant data leaks, with the first that took place on July 14, when an unidentified third party accessed over one million emails and 9,500 addresses of its customers. The second happened on December 20 when the information was leaked to the internet for free, resulting in a series of phishing and scam attacks by mail.

#Ledger #Ledger Data Breach

Source: https://www.cryptoknowmics.com/news/scammers-are-sending-fake-ledger-wallets-to-steal-cryptocurrencies/

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Blockchain

xDai (STAKE) and DODO Technical Analysis: What to Expect?

DODO and xDai (STAKE) Technical Analysis

Rate this post From the daily chart, DODO and STAKE tokens are under pressure. DODO/USDT may collapse below $1 while STAKE sellers have the upper hand as long as prices are below $12. xDai (STAKE) STAKE is the multi-currency token that secures the settlement layer powering the use of xDai stablecoin. Network validators only require the token. Past Performance of STAKE After sharp losses in the past few weeks, STAKE appears to be bottoming up, much to the excitement of traders. From the daily chart, STAKE is above the middle BB with decent trading volumes, encouraging participation. At press time, STAKE is stable, posting minor losses versus the USD, BTC, and ETH. Day-Ahead and what to Expect STAKE bears are in control, reading from the daily price chart. The past few candlesticks are distinctive with long upper wicks, suggesting sell pressure. However, every low may be a loading opportunity as long as prices trend above the middle BB, building on June 13 gains. STAKE/USDT Technical Analysis STAKE bulls stand a chance. A confirmation above June 13 highs of $12 in a positively slanting middle BB could draw demand. This would lift STAKE/USDT back to $15—the main resistance level—and, later, $36 if bulls take charge. On the reverse side, losses below $7 nullify the uptrend. DODO The platform serves as a DEX incorporating the proactive market maker (PMM) algorithm for better price stability and liquidity. Past Performance of DODO Although traders are hopeful, DODO is struggling in the face of determined sellers. From the daily chart, DODO/USDT is moving inside a $1 range with caps at $2 and support at $1. As of writing, DODO is down roughly five percent across the board. Day-Ahead and what to Expect From the daily chart, DODO/USDT prices are in range within tight ranges. Unless there are sharp gains above $2 for movement towards $2.5, further losses below $1 and new 2021 lows might be on the offing as bears go for the jugular. DODO/USDT Technical Analysis The middle BB remains the primary resistance level, a barrier before this month’s highs of $2. Every high, technically, may offer a selling opportunity for DODO bears aiming for a retest of $1 or, worse, new 2021 lows. Aforementioned, a high-volume close above $2 clips bears, relieving buyers targeting $2.5 and retest of the main resistance level—previous support.

The post xDai (STAKE) and DODO Technical Analysis: What to Expect? appeared first on Cryptoknowmics-Crypto News and Media Platform.

Republished by Plato

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Rate this post

From the daily chart, DODO and STAKE tokens are under pressure. DODO/USDT may collapse below $1 while STAKE sellers have the upper hand as long as prices are below $12.

xDai (STAKE)

STAKE is the multi-currency token that secures the settlement layer powering the use of xDai stablecoin. Network validators only require the token.

Past Performance of STAKE

After sharp losses in the past few weeks, STAKE appears to be bottoming up, much to the excitement of traders.

From the daily chart, STAKE is above the middle BB with decent trading volumes, encouraging participation.

READ  BAT Technical Analysis: Price Below the First Fibonacci Level of $1.18

At press time, STAKE is stable, posting minor losses versus the USD, BTC, and ETH.

Day-Ahead and what to Expect

STAKE bears are in control, reading from the daily price chart.

The past few candlesticks are distinctive with long upper wicks, suggesting sell pressure.

However, every low may be a loading opportunity as long as prices trend above the middle BB, building on June 13 gains.

STAKE/USDT Technical Analysis

STAKE Price Daily Chart for June 19

STAKE bulls stand a chance.

A confirmation above June 13 highs of $12 in a positively slanting middle BB could draw demand. This would lift STAKE/USDT back to $15—the main resistance level—and, later, $36 if bulls take charge.

On the reverse side, losses below $7 nullify the uptrend.

DODO

The platform serves as a DEX incorporating the proactive market maker (PMM) algorithm for better price stability and liquidity.

READ  OKEx Preparing for Wallet Maintenance and Moves 320M USDT

Past Performance of DODO

Although traders are hopeful, DODO is struggling in the face of determined sellers.

From the daily chart, DODO/USDT is moving inside a $1 range with caps at $2 and support at $1.

As of writing, DODO is down roughly five percent across the board.

Day-Ahead and what to Expect

From the daily chart, DODO/USDT prices are in range within tight ranges.

Unless there are sharp gains above $2 for movement towards $2.5, further losses below $1 and new 2021 lows might be on the offing as bears go for the jugular.

DODO/USDT Technical Analysis

DODO Price Daily Chart for June 19

The middle BB remains the primary resistance level, a barrier before this month’s highs of $2.

Every high, technically, may offer a selling opportunity for DODO bears aiming for a retest of $1 or, worse, new 2021 lows.

READ  The Graph (GRT) and Injection Protocol (INJ) Technical Analysis: Bulls in Control

Aforementioned, a high-volume close above $2 clips bears, relieving buyers targeting $2.5 and retest of the main resistance level—previous support.

#DeFi #DODO #DODO/USDT #STAKE #STAKE/USDT #XDai

Source: https://www.cryptoknowmics.com/news/dodo-and-xdai-stake-technical-analysis-what-to-expect/

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