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$DOGE Elon Musk Rumors to Buy Liverpool FC: Is DOGE Ready to Rise? After falling 20% in four days, Dogecoin found support around $0.32 on Thursday. DOGE derivative market data reveals early comeback indications as traders respond to Elon Musk's suspected interest in buying Liverpool FC. DOGE Open Interest stayed over $3.4 billion despite the $500 million crypto market liquidations on Wednesday. After a 20% drop in four days, Dogecoin steadied at $0.32 on Thursday. Market sources say Elon Musk's reported Liverpool FC acquisition might boost DOGE market sentiment. DOGE finds support around $0.32 after 20% losses in a week. Dogecoin stabilized at $0.32 on Thursday after a 20% drop in four days. DOGE pricing avoided a fall below $0.32 as bears extended weekly losses to 20% on Thursday. DOGE's uncommon durability around $0.32 implies investors are protecting this critical price zone. The rumor of Elon Musk buying Liverpool FC is boosting Dogecoin market sentiment. Musk's business activities and statements have fueled customer interest in Dogecoin, affecting its price. Even with market decline, Dogecoin traders retain $3.4B Open Interest. Price stability at $0.34 indicates that most traders are still holding their holdings. The data above illustrates that Dogecoin price plummeted 20% between January 5 and January 9, yet open interest only reduced 16%, from $4.07 billion to $3.4 billion at publishing. First, the slower decrease in Open Interest shows many traders are hanging onto their holdings for a comeback. Second, leveraged traders are active, which might lead to a short squeeze if bullish momentum resumes. Short Squeeze Could Break $0.40 Dogecoin Price Dogecoin prices hit $0.318. The data shows that Dogecoin has fallen over 20% in four days but remains above the 200-day DMA at $0.284. The shrinking Volume Delta, -$271 million, suggests a comeback as selling pressure has decreased. Bullish Dogecoin might break over the 50-day DMA at $0.378, suggesting a comeback toward $0.40 resistance.$SOL $XRP
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$BTC Bitcoin Price Prediction: Is it in a recovery phase or will the decline continue? Bitcoin's price hit a 38.2% Fibonacci retracement level of $92,493 on Thursday, marking a 9.47% decrease since Tuesday. The level is derived from the range of $66,835 on November 4 to $108,353 on December 17. As of this writing on Friday, BTC is trading at about $94,700, showing a modest recovery. Bitcoin can continue its fall toward the $90,000 psychological threshold if it concludes the day below $92,493. Below the neutral threshold of 50, the daily chart's Relative Strength Index showed 46, suggesting negative momentum. On Wednesday, we also saw a bearish crossing from the Moving Average Convergence Divergence (MACD) indicator, which is a sell signal and a downtrend indication. On the other hand, a return to Bitcoin's all-time high of $108,353 on December 17, 2024, would be possible if the cryptocurrency bounces back and closes above the $100,000 mark.
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Forecast for Non Farm Payrolls is 200k while consensus will be even at 160k. Previous was 227k. What does it mean in simple words? NFP report is important because it tells us how strong or weak the job market is. If more jobs are added, it usually means the economy is growing. If jobs are lost, it might be a sign of trouble. NFP data is released monthly and has a big impact on financial markets because investors and policymakers use it to understand the health of the economy. The drop on its own is ok, as numbers pump and dump every months, and so after previous month pump this month decrease will be natural. Most probably market have already priced that in. But in the end what will really influence crypto market will be reactions from DXY and Stock Indices. So far January was really choppy and that makes it very hard to make any certain forecasts even for the nearest future. Therefore I think that making long-term investments at this stage is not recommended. There will be more dips.
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Bitcoin: Rising Like a Phoenix!" 🌟 After a few days of dipping into the red, Bitcoin is showing signs of strength, climbing back with a 1.93% surge. Currently trading at $94,640.21, with a market cap of $1.88 trillion, the king of crypto seems to have found some positive momentum! 📈✨ What’s driving this recovery? Speculations point to renewed investor confidence and macroeconomic factors aligning favorably. While it’s still early to call a full-blown rally, $BTC enthusiasts have reasons to celebrate this upward trend. 💡 Are we witnessing the beginning of a new bull run? Let’s wait and see! Disclaimer: This post is for informational purposes only and should not be considered financial advice. Cryptocurrency investments are volatile and involve significant risk. Always do your own research (DYOR) before making investment decisions. $SOL $XRP #
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$BTC Bitcoin: Rising Like a Phoenix!" 🌟 After a few days of dipping into the red, Bitcoin is showing signs of strength, climbing back with a 1.93% surge. Currently trading at $94,640.21, with a market cap of $1.88 trillion, the king of crypto seems to have found some positive momentum! 📈✨ What’s driving this recovery? Speculations point to renewed investor confidence and macroeconomic factors aligning favorably. While it’s still early to call a full-blown rally, BTC enthusiasts have reasons to celebrate this upward trend. 💡 Are we witnessing the beginning of a new bull run? Let’s wait and see! Disclaimer: This post is for informational purposes only and should not be considered financial advice. Cryptocurrency investments are volatile and involve significant risk. Always do your own research (DYOR) before making investment decisions.
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