DOGECOIN AND CRYPTO NEWS : WALMART IS LOOKING FOR A CRYPTO LEAD
Forbes put this article out. “Ethereum Rival Solana And Dogecoin Are Suddenly Soaring, Walmart Is Shopping For A Bitcoin And Crypto Lead, And Biden’s CFTC Chair Pick.” This article is full of really good information. WalMart is looking for a crypto lead. So this is really important now with billionaires like Mark Cuban and Elon Musk talking about Dogecoin being a good medium of exchange. I think it is very possible for WalMart to actually look into accepting Doge.
Walmart is looking for a crypto product lead
The WalMart job was posted on LinkedIn on Sundays. The news was first reported by The Block. WalMart posted this crypto lead job yesterday, so they already got 65 applicants. I’m sure there’s a lot more by now. The successful candidate will be responsible for developing the digital currency strategy and product roadmap. If they hired someone that was into Dogecoin, that would be crazy.
Biden’s CFTC Chair Pick
Also, this is super bullish for crypto in general here. President Joe Biden plans to name Rostin Behnam to lead the U.S. Commodity Futures Trading Commission (CFTC), according to a Bloomberg report, citing “people with knowledge of the matter.” Behnam, a commissioner at the CFTC since 2017 and acting chairman since January, signaled his broad support of blockchain technology and called for an “open mind” on the regulation of financial technology (fintech). So this is really bullish for crypto in general.
So let’s look at Dogecoin chart, major support and resistance levels. We are at that mid 30 percent level. We caught some resistance at pretty much. We got up to 30. Let’s see, we got up to like 34.9 cents. So basically 35 cents. We got some rejection there. Next level of resistance, major resistance would be around that 37 percent level.
So, yes, we’re not there yet. But when we do get there, we are going to have a little bit of trouble. It would be nice to eventually just literally get above that 43 percent level, consolidate and then move up from there. So what I think is going to happen is we’re going to come down and consolidate in the low 30 cent level before we make our next leg up. That’s what I think is going to happen. That’s my prediction for the near term.