Category: fizzles
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Dogecoin Rally Fizzles As DOGE Fails To Break Through 4-Hour SMA Resistance
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Dogecoin’s latest attempt to regain its lost strength has hit a major hurdle as the price struggles to break above the crucial 4-hour Simple Moving Average (SMA). This resistance level has proven to be a formidable barrier, with downward pressure constantly preventing any meaningful breakout. Despite initial signs of a…
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Bitcoin Rally Fizzles as Token’s Record-Breaking Year Winds Down
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(Bloomberg) — Bitcoin’s rally is fading in the final days of a record year for the digital asset, as investors take stock of the remaining momentum from President-elect Donald Trump’s embrace of the cryptocurrency sector. Most read from Bloomberg The largest token was trading at $96,200 as of 6 a.m.…
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S&P 500, Dow futures back away from records as Fed cheer fizzles
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U.S. stocks were poised to pull back from record highs on Friday as the euphoria over interest rate cuts faded, with FedEx (FDX) earnings providing a reality check. S&P 500 futures (ES=F) fell about 0.3% after the benchmark index closed at an all-time high. Dow Jones Industrial Average futures (YM=F)…