Skip to main content

Record-breaking heat wave grips western United States

A record early heat wave striking the western United States on Friday is a one-in-500-year event and almost certainly the result of human-caused climate change, experts say. The heat has been toppling records this week and is set to continue into the weekend across western cities while expanding eastward. Four locations in the desert area near the California-Arizona border registered 44.4 degrees Celsius on Friday, a US national record for March. The readings were recorded near Yuma and Martinez Lake in Arizona, and around Winterhaven and Ogilby in California. Read: Intense heatwave grips US, triggering record-breaking temperatures Already, 65 cities have recorded new March highs, ranging from Arizona and California to Idaho, Weather.com reported. Death Valley reached 40°C on Thursday, while typically cool and foggy San Francisco tied its historic March record at 29°C. In Colorado, skiers were seen hitting the slopes shirtless. The National Weather Service issued extreme heat warni...
Post a Comment

Bullish signals indicate Dogecoin could hit $5, say crypto experts

Dogecoin (DOGE), the popular meme-based cryptocurrency, is once again making headlines as crypto analysts point to strong bullish signals that could propel its price to new heights. Recent insights suggest DOGE could potentially reach $5, with some long-term forecasts even targeting higher price points. Explosive growth Prominent crypto analyst Trader Tardigrade has outlined a bullish trajectory for Dogecoin, emphasizing that the cryptocurrency is entering the final phase of its bull run. Using the Chande Momentum Oscillator (ChandeMO), Tardigrade’s analysis indicates that DOGE could rally to $5 and beyond, potentially reaching $9 in this market cycle. Drawing comparisons to previous cycles from 2018 to 2020, he highlighted the alignment of DOGE’s current price action with the 50 Arnaud Legoux Moving Average (ALMA), further reinforcing the case for a surge. Additionally, Trader Tardigrade suggested that if DOGE mirrors its 2021 bull cycle, the price could even hit double digits, with an optimistic peak at $30. However, the more conservative projection of $8.7, based on the 2017 market trends, remains a key milestone for investors. Analyst views Kevin Capital, another respected crypto strategist, noted that DOGE recently closed a daily candle above the macro 0.786 Fibonacci level, a significant bullish indicator. He identified the next resistance levels at $0.48 and $0.41, which are critical for sustaining upward momentum. Capital advised traders to watch for follow-through price movements to validate the breakout. Machine-learning algorithms from CoinCodex add further optimism, predicting DOGE could reach the highly anticipated $1 mark by March 2025. According to their model, the token could rise to $1.11 by April, representing a 200% gain from its current levels. Macro factors Market sentiment and technical indicators such as Dogecoin’s Relative Strength Index (RSI) and moving average ribbons are adding fuel to the rally. Additionally, external events, such as the upcoming U.S. presidential inauguration, could provide further catalysts for DOGE’s growth. As crypto analyst Master Kenobi noted, Dogecoin often responds positively to social and political developments, reinforcing its appeal among retail and institutional investors alike. Caution amid enthusiasm Despite the optimistic outlook, some experts remain cautious. Kevin Capital warned against potential FOMO, advising investors to wait for confirmation of a breakout above multi-year resistance levels. “The current price action is promising, but there’s still room for consolidation,” he stated. Suggestions for enhancing the report Include Market Risks: Highlight potential risks such as regulatory changes, market volatility, or external economic factors that could impact Dogecoin’s price trajectory. Balance Perspectives: Incorporate a more extensive range of skeptical views to provide readers with a comprehensive understanding of both the potential and limitations of DOGE’s growth.  

from Latest World News, International News | Breaking World News https://ift.tt/tl2uYsk
Labels:

Comments

Post a Comment

Popular posts from this blog

At least 32 miners dead after bridge fails at cobalt site in southeast DR Congo

A bridge collapsed at a cobalt mine in southeast Democratic Republic of Congo killing at least 32 wildcat miners, a regional government official said Sunday. The bridge came down Saturday onto a flooded zone at the mine in Lualaba province, Roy Kaumba Mayonde, the provincial interior minister, told reporters. He said 32 bodies had been recovered and more were being searched for. The DRC produces more than 70 percent of the world supply of cobalt, which is essential for batteries used in electric cars, many laptop computers and mobile phones. More than 200,000 people are estimated to be working in giant illegal cobalt mines in the giant central African country. Local authorities said the bridge collapsed at the Kalando mine, about 42 kilometres (26 miles) southeast of the Lualaba provincial capital, Kolwezi. "Despite a formal ban on access to the site because of the heavy rain and the risk of a landslide, wildcat miners forced their way into the quarry," said Mayonde. He said ...
Post a Comment
Read more

US, Philippines kick off joint military drills in South China Sea with 16,000 troops

Some 16,000 US and Philippine troops kicked off the annual joint military drills on Monday in the West Philippine Sea (WPS), local media reported. WPS is the official designation by Philippines to the parts of the South China Sea that are included in the country's exclusive economic zone. The 19-day exercises, dubbed "Balikatan 2024," will involve around 5,000 Philippine and 11,000 US troops, making it the largest joint military drills between the two allies conducted in decades, local English daily Manila Times reported citing the military. A total of 14 nations, including Japan and India, will take part in the drills as observers amid mounting maritime tensions in the South China Sea. Contingents from the Australian Defence Force and the French Navy will also join the exercise as participants. Read also: China urges US to stop using Philippines as a pawn to destabilise South China Sea France will join the group sail but will only navigate on the edge of the Philippine E...
Post a Comment
Read more

Indian devotees splurge on jets, gold idols as Hindu temple opens

The private jet parking lots at airports near the Indian city of Ayodhya are full and the shops have run out of gold-plated idols, as wealthy devotees prepare for the invite-only opening ceremony of one of Hinduism's holiest temples. Indian Prime Minister Narendra Modi and Asia's richest man Mukesh Ambani are among the 8,000 or so attendees at Monday's inauguration event for the Ram Temple, which devotees believe is built on the birthplace of Lord Ram, a sacred Hindu deity. The construction of the temple, which began after the Supreme Court awarded the site to Hindus in 2019 more than two decades after a Hindu mob razed a mosque there, triggering deadly riots, fulfils a key campaign promise of Modi and his Hindu nationalist party. Read BJP-promised temple transforms Ayodhya: Muslims, locals feel neglected The opening ceremony, organised by the trust that built the temple, comes months before a national election which the ruling Bharatiya Janata Party is widely expected to w...
Post a Comment
Read more