{"id":22791,"date":"2023-04-27T22:54:33","date_gmt":"2023-04-28T02:54:33","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=22791"},"modified":"2023-04-27T22:54:33","modified_gmt":"2023-04-28T02:54:33","slug":"dogecoin-bears-unshaken-despite-new-trading-pair-addition-on-top-exchange","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/04\/27\/dogecoin-bears-unshaken-despite-new-trading-pair-addition-on-top-exchange\/","title":{"rendered":"Dogecoin Bears Unshaken Despite New Trading Pair Addition On Top Exchange"},"content":{"rendered":"

Dogecoin bears dealt a blow on the Shiba Inu-inspired meme-coin yesterday after a sudden Bitcoin rally which saw the alpha coin reclaim the $30,000 price level and instantly crash to previous support levels. Several cryptocurrencies, including DOGE, recorded losses after what looked to be bullish sentiments returned to the market as Bitcoin rallied.<\/p>\n

However, today\u2019s trade session looked positive for Dogecoin after a leading cryptocurrency exchange announced the addition of a new trading pair for DOGE. While trading pair additions can boost liquidity and positively impact the trading volume of a cryptocurrency, DOGE is yet to be impacted positively in price.<\/p>\n

Binance Exchange Pairs Up Dogecoin With TrueUSD (TUSD)<\/h2>\n

On Thursday, April 27, 2023, the Binance exchange\u00a0announced<\/a> on their website and mobile trading application about the TrueUSD (TUSD) stablecoin addition as a DOGE trading pair.<\/p>\n

This addition is programmed to go live tomorrow, April 28, 2023, at 08:00 UTC. However, the Binance spot grid for DOGE\/TUSD will be enabled within 48 hours of the trading start time. The TrueUSD(TUSD) team confirmed this development via their official Twitter handle.<\/p>\n

.@binance<\/a> will add $DOGE<\/a>\/TUSD trading pair at Apr 28th 08:00 (UTC)<\/p>\n

Binance Spot Grid will be enabled for the\u00a0trading pair within 48 hours of the trading start time.\u00a0https:\/\/t.co\/b1qqU3R7Qu<\/a><\/p>\n

\u2014 TrueUSD (@tusdio) April 27, 2023<\/a><\/p>\n\n

Due to this positive announcement and development, Dogecoin has seen some gains and could continue to extend them in the coming days. Trading pair additions to a cryptocurrency can boost liquidity, price growth, and exchange trading volume.<\/p>\n

A potential hurdle for the bullish price action could come from Shibetoshi Nakamoto, who took to Twitter to say<\/a> he does not represent DOGE. Shibetoshi, once again, established some distance between himself and the project, which could be detrimental to the long term due to the founder\u2019s popularity and influence.\u00a0<\/p>\n

Doge Technical Analysis On The Daily Timeframe<\/h2>\n

When writing, Dogecoin is trading at $0.079 and stands close to resistance levels on the daily chart timeframe. While Doge rallied and broke resistance yesterday due to Bitcoin\u2019s sharp price movements from sub $27,000 to $30,000, the bullish price action was short-lived.<\/p>\n

Today\u2019s trading session turned positive for Dogecoin, forming a bullish candle following the Binance announcement of a new stablecoin trading pair, TrueUSD.<\/p>\n

However, Dogecoin is yet to notably move in price as it trades below its immediate resistance level of $0.08.
\nDOGE, which trades at $0.079 when writing, is on a negative 24-hour price change of -3% and looks to struggle with a price.<\/p>\n

Bitcoin\u2019s unstable and sideways movements provide Dogecoin bears more room to impact. However, Dogecoin still has upside potential if Bitcoin picks up momentum.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Dogecoin bears dealt a blow on the Shiba Inu-inspired meme-coin yesterday after a sudden Bitcoin rally which saw the alpha coin reclaim the $30,000 price level and instantly crash to previous support levels. Several cryptocurrencies, including DOGE, recorded losses after what looked to be bullish sentiments returned to the market as Bitcoin rallied.<\/p>\n

However, today\u2019s trade session looked positive for Dogecoin after a leading cryptocurrency exchange announced the addition of a new trading pair for DOGE. While trading pair additions can boost liquidity and positively impact the trading volume of a cryptocurrency, DOGE is yet to be impacted positively in price.<\/p>\n

Binance Exchange Pairs Up Dogecoin With TrueUSD (TUSD)<\/h2>\n

On Thursday, April 27, 2023, the Binance exchange\u00a0announced<\/a> on their website and mobile trading application about the TrueUSD (TUSD) stablecoin addition as a DOGE trading pair.<\/p>\n

This addition is programmed to go live tomorrow, April 28, 2023, at 08:00 UTC. However, the Binance spot grid for DOGE\/TUSD will be enabled within 48 hours of the trading start time. The TrueUSD(TUSD) team confirmed this development via their official Twitter handle.<\/p>\n

.@binance<\/a> will add $DOGE<\/a>\/TUSD trading pair at Apr 28th 08:00 (UTC)<\/p>\n

Binance Spot Grid will be enabled for the\u00a0trading pair within 48 hours of the trading start time.\u00a0https:\/\/t.co\/b1qqU3R7Qu<\/a><\/p>\n

\u2014 TrueUSD (@tusdio) April 27, 2023<\/a><\/p>\n

Due to this positive announcement and development, Dogecoin has seen some gains and could continue to extend them in the coming days. Trading pair additions to a cryptocurrency can boost liquidity, price growth, and exchange trading volume.<\/p>\n

A potential hurdle for the bullish price action could come from Shibetoshi Nakamoto, who took to Twitter to say<\/a> he does not represent DOGE. Shibetoshi, once again, established some distance between himself and the project, which could be detrimental to the long term due to the founder\u2019s popularity and influence.\u00a0<\/p>\n

Doge Technical Analysis On The Daily Timeframe<\/h2>\n

When writing, Dogecoin is trading at $0.079 and stands close to resistance levels on the daily chart timeframe. While Doge rallied and broke resistance yesterday due to Bitcoin\u2019s sharp price movements from sub $27,000 to $30,000, the bullish price action was short-lived.<\/p>\n

Today\u2019s trading session turned positive for Dogecoin, forming a bullish candle following the Binance announcement of a new stablecoin trading pair, TrueUSD.<\/p>\n

However, Dogecoin is yet to notably move in price as it trades below its immediate resistance level of $0.08.
\nDOGE, which trades at $0.079 when writing, is on a negative 24-hour price change of -3% and looks to struggle with a price.<\/p>\n

Bitcoin\u2019s unstable and sideways movements provide Dogecoin bears more room to impact. However, Dogecoin still has upside potential if Bitcoin picks up momentum.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-22791","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/22791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=22791"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/22791\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=22791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=22791"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=22791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}