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Dogecoin (DOGE) Rally on Hold: Can Momentum Kick Back In?
Dogecoin started a downside correction below the $0.400 support against the US Dollar. DOGE is now consolidating and might aim for a fresh increase above $0.4050. DOGE price started a fresh decline below the $0.40 level. The price is trading below the $0.4050 level and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.3950 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another rally if it clears the $0.4050 and $0.4150 resistance levels. Dogecoin Price Eyes Fresh Increase Dogecoin price started a fresh decline...
USD/INR trades flat as traders await US Retail Sales release
The Indian Rupee weakens to near an all-time low in Tuesday’s early European session. Rising US bond yields and a weaker Chinese Yuan could undermine the INR, but the RBI’s intervention might help limit its losses. Traders brace for the US November Retail Sales on Tuesday ahead of the Fed rate decision. The Indian Rupee (INR) edges lower to near a fresh record low on Tuesday. A rise in US Treasury bond yields and weakness in the Chinese Yuan exert some selling pressure on the local currency. Furthermore, the widening of India’s merchandise trade deficit in November further weighs on...
Render Token Nears $5.2 Resistance: Bullish Surge or Bearish Decline?
You are here: Home / News / Render Token Nears $5.2 Resistance: Bullish Surge or Bearish Decline? Thе Rеndеr (RENDER) tokеn finds itsеlf аt а crossroаds, cаught bеtwееn а potеntiаlly bullish tеchnicаl pаttеrn аnd ongoing bеаrish signаls. A prominеnt аnаlyst Crypto Alеx rеcеntly idеntifiеd аn invеrsе hеаd-аnd-shouldеrs pаttеrn thаt could signаl а significаnt pricе incrеаsе for thе tokеn. Thе invеrsе hеаd-аnd-shouldеrs pаttеrn is oftеn sееn аs а prеcursor to а trеnd rеvеrsаl. Alеx outlinеd thаt RENDER hаs bееn forming this pаttеrn sincе еаrly August. It fеаturеs а lеft shouldеr, а hеаd (thе lowеst point), аnd а right shouldеr, аll highеr...