Dogecoin Bears Unshaken Despite New Trading Pair Addition On Top Exchange

Name	Symbol	Market	Market Cap ($)	Algorithm
TrueUSD	TUSDUSD	Crypto	1,314,225,601	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

TrueUSD

TUSDUSD

Crypto

1,314,225,601

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00	0.00%	1.02	0.9887	1.02

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00

0.00%

1.02

0.9887

1.02

High Price	Low Price	Open Price	Prev. Close	52 Week Range
1.02	1.02	1.02	1.02	- - -

High Price

Low Price

Open Price

Prev. Close

52 Week Range

1.02

- - -

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	01:55:08	1.74	1.02	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

01:55:08

1.74

1.02

USD

Price x Volume	Volume	Base Symbol	Related Pairs
1.77	1.74	TUSD	TUSDEUR	TUSDGBP	TUSDBTC

Price x Volume

Volume

Base Symbol

Related Pairs

1.77

1.74

Dogecoin Bears Unshaken Despite New Trading Pair Addition On Top Exchange

27/04/2023 11:00pm

NEWSBTC

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. However, today’s 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. Related Reading: EOS Foundation Launches Upgrade As Crypto Market Rallies Binance Exchange Pairs Up Dogecoin With TrueUSD (TUSD) On Thursday, April 27, 2023, the Binance exchange announced on their website and mobile trading application about the TrueUSD (TUSD) stablecoin addition as a DOGE trading pair. 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. .@binance will add $DOGE/TUSD trading pair at Apr 28th 08:00 (UTC) Binance Spot Grid will be enabled for the trading pair within 48 hours of the trading start time. https://t.co/b1qqU3R7Qu — TrueUSD (@tusdio) April 27, 2023 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. A potential hurdle for the bullish price action could come from Shibetoshi Nakamoto, who took to Twitter to say 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’s popularity and influence. Related Reading: 37 Billion Dogecoin Holdings In Jeopardy: Price Level Investors Should Watch Doge Technical Analysis On The Daily Timeframe 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’s sharp price movements from sub $27,000 to $30,000, the bullish price action was short-lived. Today’s trading session turned positive for Dogecoin, forming a bullish candle following the Binance announcement of a new stablecoin trading pair, TrueUSD. However, Dogecoin is yet to notably move in price as it trades below its immediate resistance level of $0.08. DOGE, which trades at $0.079 when writing, is on a negative 24-hour price change of -3% and looks to struggle with a price. Bitcoin’s unstable and sideways movements provide Dogecoin bears more room to impact. However, Dogecoin still has upside potential if Bitcoin picks up momentum. Doge seen trading at immediate resistance level on the daily chart timeframe | Source: DOGEUSD on TradingView.com Featured Image from Istock, Chart from TradingView.com

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

TUSDUSD TrueUSD