The post Can the Bulls Defend the $0.10 Floor? appeared on BitcoinEthereumNews.com. DOGE is hovering within the $0.15 zone. Daily trading volume is down by over 28%. With a brief spike in the crypto market, some of the digital assets are flashing green on the chart, while some rest in red. Meanwhile, the meme coin market cap is settled at $48.60 billion, after a 1.60% drop. Among the other meme tokens, the dog-themed Dogecoin (DOGE) also followed suit, with a modest loss of over 1.26%. The recent price pattern of Dogecoin reflects a negative outlook. In the morning hours, the asset traded at a high range of $0.1546, and with the bearish encounter, the price slipped toward $0.1499. If the meme coin bears hold strong for long, the price action may see more loss.  At the time of writing, Dogecoin traded at around $0.1508 level, with the market cap reaching $22.93 billion. Besides, the daily trading volume has plunged by over 28.28% to $1.01 billion. As per the Coinglass data, the market saw a 24-hour liquidation of $2.01 million worth of DOGE. Will DOGE Break Below Key Support and Fall Deeper? If DOGE fails to hold the current price range, it could sharply fall toward the support at the $0.1502 range. With the sturdy bearish correction, the meme coin might descend to its former low below $0.1495. On the upside, a bullish reversal could erase the losses, and the DOGE price might climb to the resistance at $0.1514. An extended gain could trigger the asset’s price to move up toward $0.1520 or above.  The Moving Average Convergence Divergence (MACD) line of the meme coin is below the signal line, which indicates bearish momentum. This is seen as an early sign of a downtrend forming. Moreover, the Chaikin Money Flow (CMF) indicator at -0.02 suggests slight selling pressure in the DOGE market. Also,… The post Can the Bulls Defend the $0.10 Floor? appeared on BitcoinEthereumNews.com. DOGE is hovering within the $0.15 zone. Daily trading volume is down by over 28%. With a brief spike in the crypto market, some of the digital assets are flashing green on the chart, while some rest in red. Meanwhile, the meme coin market cap is settled at $48.60 billion, after a 1.60% drop. Among the other meme tokens, the dog-themed Dogecoin (DOGE) also followed suit, with a modest loss of over 1.26%. The recent price pattern of Dogecoin reflects a negative outlook. In the morning hours, the asset traded at a high range of $0.1546, and with the bearish encounter, the price slipped toward $0.1499. If the meme coin bears hold strong for long, the price action may see more loss.  At the time of writing, Dogecoin traded at around $0.1508 level, with the market cap reaching $22.93 billion. Besides, the daily trading volume has plunged by over 28.28% to $1.01 billion. As per the Coinglass data, the market saw a 24-hour liquidation of $2.01 million worth of DOGE. Will DOGE Break Below Key Support and Fall Deeper? If DOGE fails to hold the current price range, it could sharply fall toward the support at the $0.1502 range. With the sturdy bearish correction, the meme coin might descend to its former low below $0.1495. On the upside, a bullish reversal could erase the losses, and the DOGE price might climb to the resistance at $0.1514. An extended gain could trigger the asset’s price to move up toward $0.1520 or above.  The Moving Average Convergence Divergence (MACD) line of the meme coin is below the signal line, which indicates bearish momentum. This is seen as an early sign of a downtrend forming. Moreover, the Chaikin Money Flow (CMF) indicator at -0.02 suggests slight selling pressure in the DOGE market. Also,…

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more