107.9FM NYJ/LA

Translate This Page

Dogecoin Pulls Back After Tesla's Merchandise Sale: Is The Crypto Resting Before Next Leg Up?

Posted by Melanie Schaffer on Tuesday, January 18, 2022 Under: Technical Analysis

On Monday, Dogecoin (CRYPTO: DOGE) continued to give back the gains, and more, that were propelled by Tesla, Inc’s (NASDAQ: TSLA) decision to begin accepting the crypto as payment for some of its merchandise.

Dogecoin soared over 25% higher at one point on Friday after Tesla listed some of the products for sale on its website in Dogecoin, including its Cyberwhistle and Cyberquad for Kids which cost 300 DOGE and 12,020 DOGE, respectively.

When Dogecoin hit 21 cents on Friday, the Cyberquad would have cost a customer the equivalent of $2,524.50 USD. Dogecoin's steep drop to Monday’s $0.165 low discounted that price to the equivalent of $1,983.30 USD, however, which highlights the difficulty businesses and consumers have when using Dogecoin and other cryptos as payment due to their inherent volatility.

The lower price of Dogecoin also may not be a red flag for the bulls because Dogecoin looks to be consolidating in an uptrend on the daily chart.

See Also: Will Dogecoin Reach $1 By 2023? Over 60% Say...

The Dogecoin Chart: When Dogecoin hit a low of $0.151 on Jan. 10 bulls came in and bought the dip, which caused the crypto to print a hammer candlestick on the daily chart. A hammer candlestick is often a bullish reversal signal that marks the temporary bottom on a stock or crypto.

The hammer candlestick was recognized because over the following four 24-hour trading sessions Dogecoin soared up 57% to print a high on Friday at $0.215. On Monday, Dogecoin was trading about 5% lower but may just be preparing to print another higher low above the most recent higher low of $0.167, which was printed on Jan. 12. Traders can watch for Dogecoin to print another reversal candlestick above that level, such as another hammer candlestick or a doji, to indicate the crypto will reverse course to the upside again. If that happens, traders will then want to see if Dogecoin can print another consecutive higher high but if Dogecoin falls below the $0.167 level the uptrend will be negated. Dogecoin has resistance above at $0.176 and $0.196 and support below at $0.167 and the 15-cent mark.

In : Technical Analysis 


Tags: solana  goog  ethusd  ltcusd  zecusd  xlm  bch  dogecoin  bitcoin  sola pulls back after tesla's merchandise sale: is the crypto resting before next leg up? 

Panerai Luminor "Blackseal" PAM76 Titanium Black & Silver dial 44mm Automatic wa

PANERAI WATCH
LUMINOR / Ref. PAM76
44mm, Titanium
W525050
Panerai Luminor "Blackseal" PAM76 Titanium Black & Silver dial 44mm Automatic watch
TRY IT ON
G&S Price: $22,000

SALE PRICE

$16,900 


    HOT 103.1 FM HOUSTON

    Fashion director finds. Everything our fashion office is obsessed with right now.

    Shop Janelles's finds


     
     
    E*TRADE from Morgan Stanley 
    View in browser   |   Log on
     
     
     
    Make the most of your cash in 2025
     
    Boost your earning power with a high-yield savings and bank certificate of deposit (CD) account.
    BANKING
     
    You’re already building your portfolio with E*TRADE from Morgan Stanley. Now, unlock more of your financial potential and open a high-yield bank account from Morgan Stanley Private Bank, Member FDIC, on etrade.com.
    Bank smarter with some of today’s best rates
    Bank CD accounts
    Bank CD accounts
     
    Plus, even more reasons to bank with us
    Award Icon
    Award-winning banking*
    Our accolades speak for themselves
     
     
    Check Icon
    Easy money management
    With E*TRADE from Morgan Stanley’s best-in-class digital experience6
     
     
     
    Lock Icon
    FDIC
    protected

    Up to applicable limits. Certain conditions must be satisfied.7
     
     
     
    Learn how to manage cash strategically
    Not sure which account is right for you? Learn how to use cash as an asset class to balance your short-tern needs with your long-term goals. Read article
     
     
    Facebook twitter Youtube
    Privacy Pledge  |  Security Center  |  FAQs
     
     
     
     
    *February 3, 2025. Buy Side from Wall Street Journal. Reprinted with permission by Dow Jones & Company, Inc.

    1. As of 2/21/2025, the Annual Percentage Yield (APY) of the Premium Savings Account offered by Morgan Stanley Private Bank, National Association is 4.00%. Your interest rate and APY may change at any time and fees may reduce earnings. Please visit etrade.com/ratesheet for information regarding this account's current interest rate and corresponding APY.

    2. Based on comparison to the National Deposits Savings Average Annual Percentage Yield (APY) as published on the FDIC Weekly National Rates and Rate Caps Weekly Update, as of January 21, 2025.

    3. Certificate of Deposit (CD) interest rates are fixed from the start of the term until their maturity date.

    CD offerings can change on a daily basis. The interest rate on the Settlement Date can be higher or lower than the interest rate that was available at the time of account opening. If your Settlement Date is within 10 calendar days of the account opening, the applied interest rate will be the highest of the prevailing interest rate on the date of account opening or the date of Settlement. Maturity is determined based on the Settlement Date and the term selected. The APY is based on no withdrawal of credited interest and no redemption prior to the stated maturity date. A withdrawal will reduce earnings. See the CD Rate Table page at etrade.com for information on term lengths, current interest rates and corresponding APYs.

    Interest is compounded daily. Interest will compound from the Settlement Date until the last full day before the date of withdrawal using the daily balance method. Accrued interest posts to your account on a quarterly basis, unless you select at account opening to receive interest via check.

    4. As of 2/21/2025, the Annual Percentage Yield (APY) of the Certificates of Deposit is up to 4.25%. Your interest rate and APY may change at any time until funding is settled, and penalties may reduce earnings. The APY is based on no withdrawal of credited interest and no redemption prior to the stated maturity date. Please visit etrade.com/ratesheet for information regarding the current interest rate, corresponding APY, and account terms.

    5. Bank CD accounts must be opened and funded to lock in a fixed rate.

    6. For the StockBrokers.com 2024 Annual Awards, all 17 U.S. equity brokers reviewed were assessed on over 200 different variables across eight areas: Commissions & Fees, Investment Options, Platforms & Tools, Research, Mobile Trading, Education, Ease of Use, and Overall. E*TRADE from Morgan Stanley was awarded the #1 Investor App, and #1 Web Trading Platform. In addition, E*TRADE received fifteen Best in Class distinctions: Overall Rating, Commissions & Fees, Research, Platforms & Tools, Investment Options, Mobile Trading Apps, Education, Bank Brokerage, Beginners, Futures Trading, IRA Accounts, Options Trading, Penny Stock Trading, High net Worth Investors, and Ease of Use. E*TRADE's star ratings for all category rankings out of 5: Overall (5.0 stars), Customer Service (4.0 stars), Commissions & Fees (4.5 stars), Research (5.0 stars), Platforms & Tools (4.5 stars), Mobile Trading Apps (5.0 stars), Investment Options (4.5 stars), Education (5.0 stars), Ease of Use (5.0 stars), Customer Service (4.0). Read the 2024 Online Broker Review.

    7. The Premium Savings Account gives Morgan Stanley Private Bank, National Association, Member FDIC the ability to send any amount held on deposit in your Premium Savings Account to other depository accounts at Federal Deposit Insurance Corporation (“FDIC”) member banks with the purpose of affording you additional FDIC insurance coverage. The Program is designed to offer up to $500,000 in FDIC coverage to individual accounts (up to $1 million for joint accounts). Certain conditions must be met. Learn more.

    Deposits held in Certificate of Deposit accounts are FDIC insured up to $250,000. Learn more.

    No minimum initial deposit is required to open a Premium Savings Account and Certificate of Deposit Account. However, account must be funded within 30 days to remain open.

    This is a promotional email from Morgan Stanley Private Bank, National Association. Click here to unsubscribe.

    Morgan Stanley Private Bank, P.O. Box 484, Jersey City, NJ 07303-0484

    Please see our Privacy Pledge for details about how Morgan Stanley handles personal information.

    Banking products and services are provided by Morgan Stanley Private Bank, National Association, Member FDIC.

    © 2025 E*TRADE from Morgan Stanley. All rights reserved. E*TRADE Copyright Policy







    Invest, spend, and earn 2.05% APY*–all through your brokerage account.
    Our goal at Robinhood is to democratize finance. This means delivering products that help you do more with your money and improve your life. Today, we're excited to introduce Cash Management, a new feature to give you more flexibility with your brokerage account.
    JOIN THE WAITLIST
    Flexible Spending
    Use your Robinhood debit card anywhere Mastercard® is accepted around the world.
     
    Earn 2.05% APY
    Your uninvested cash is moved to banks in our program that pay you 2.05% APY*. Like all variable rates, this could go up or down over time.
     
    FDIC Insurance
    Your cash in the program banks is eligible for up to $1.25 million of FDIC insurance, or up to $250,000 per bank, subject to FDIC rules.
     
    75,000+ ATMs
    Don't pay fees at any of the 75,000+ ATMs in our network.
    JOIN THE WAITLIST


    See the source image



    For the next two weeks, you can earn increasing levels of Stock-Back™ rewards when you shift your everyday spending to your Stash debit card.* 

    Every qualifying swipe over $5 gets you closer to leveling up your Stock-Back rewards. Levels start tomorrow and reset to zero on Monday, November 18.

    Follow Us

     

    Flag Counter


    Flag Counter

    Make a free website with Yola