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On June 1, local time, the governor of Russias Murmansk Oblast announced that the state was attacked by drones. The governor is currently on his way to Olenegorsk, the city of Murmansk in the state, and the local air defense system has been activated to respond to the drone attack. Earlier on June 1, an insider of the Ukrainian Security Service said that Ukraines special operation code-named "Spider Web" took 18 months to plan and implement, and successfully destroyed 41 Russian strategic bombers. The operation was personally coordinated by Zelensky and directly implemented by the Security Service Director Malyuk.U.S. Treasury Secretary Benson: The United States will never default on its debt.A U.S.-backed group called reports of deaths near an aid center in Gaza "false."June 1, according to the Financial Times, British Business and Trade Minister Jonathan Reynolds will urge the Trump administration next week to reach an agreement as soon as possible to reduce British steel export taxes to zero, after Trump doubled steel tariffs to 50%. British officials said it is still "unclear" how the new policy will hit the British steel industry and its 400 million pounds of exports to the United States. But the outlook is not optimistic, and British officials admit that "trade agreements usually take several months to take effect." Reynolds will meet with US Trade Representative Greer in Paris during the OECD meeting next week to determine the "timetable" for the implementation of the so-called Economic Prosperity Agreement. "The steel situation remains unclear," said a British official, while another official said that London is particularly focused on persuading Trump to speed up another agreement to cut British car tariffs.June 1, Ukrainian drones attacked several Russian military airports on Sunday, including the Belaya military base deep in eastern Siberia, according to Ukrainian Security Service sources. More than 40 aircraft, including A-50, Tu-95 and Tu-22 M3, were damaged in the operation, with losses of about $2 billion. Vasyl Malyuk, head of the Ukrainian security service, led the operation. The attack came after Ukraine suffered the longest drone and missile attack from Moscow and the day before ceasefire talks planned in Istanbul.

DOGE and SHIB are under pressure following the SEC's victory over LBRY

Alina Haynes

Nov 08, 2022 16:24

截屏2022-11-08 下午4.07.19.png 

 

Monday was a bearish session, with dogecoin (DOGE) falling for the fifth time in six sessions. The Twitter (TWTR) suspension on the development of the crypto wallet continued to weigh on DOGE as the number of holders moved in the opposite direction. However, technical indications remained optimistic, requiring a rebound to $0.15 for DOGE investors to retarget $0.20.

 

Dogecoin (DOGE) declined 3.07% on Monday. After a 7.79% decline on Sunday, DOGE closed the day at $0.1112. Notably, DOGE avoided falling below $0.10 for the tenth consecutive session while the losing streak extended to three sessions.

 

DOGE reached a morning high of $0.1190 after a bullish start to the trading day. DOGE fell to a late low of $0.1070, falling short of the First Major Resistance Level (R1) at $0.1243 in the process. DOGE temporarily dropped below the First Major Support Level (S1) at $0.1085 before closing at $0.1112.

 

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Shiba inu coin (SHIB) fell 0.34 percent on Monday. Following a 4.98% decline on Sunday, SHIB closed the trading day at $0.00001180.

 

SHIB rebounded from a bearish morning to reach a late-day high of $0.00001211. SHIB fell to a late low of $0.00001150, failing to surpass the First Major Resistance Level (R1) at $0.00001258. SHIB finished the trading session at $0.00001180, avoiding the First Major Support Level (S1) at $0.00001143.

 

DOGE and SHIB were negatively impacted by the overall crypto market's gloomy attitude. Investor apprehension in advance of this week's US data hampered buying appetite. Direction will be provided by US economic indicators, especially the US CPI report for October, retail sales, and consumer confidence.

 

Monday's losses occurred despite a strong session for the NASDAQ Composite Index. The NASDAQ was bolstered by the market's anticipation of the US midterm elections.

 

For DOGE and SHIB investors, Twitter (TWTR) and Elon Musk news remained the primary focus.

 

The unfavorable market reaction to Twitter's decision to halt development of a crypto wallet continues to impact on DOGE buyer interest.

 

Negative reports about advertisers jumping ship remained DOGE. A decline in advertising revenue increases the likelihood of dramatic declines in revenue streams, which could damper the optimistic outlook for DOGE adoption.

 

The current DOGE holding statistics showed the shift in attitude, which supported the price reversal from $0.1587 last week.


While Twitter and Elon Musk news continue to be important drivers, this morning's SEC victory over LBRY put DOGE and SHIB into the red.


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