Dogecoin rallied to a one-month excessive to start out the weekend, as markets marginally rebounded on Saturday. The token rose by as a lot as 10% in at the moment’s session, racing previous a key resistance in the method. Solana was one other notable gainer, because it hit an 11-day excessive.
Dogecoin (DOGE)
Dogecoin was one in all Saturday’s most notable movers, because the meme coin rose to a one-month excessive in at the moment’s session.
Following a low of $0.05974 on Friday, DOGE/USD rose to an intraday peak of $0.06797 to start out the weekend.
Because of at the moment’s surge, the token moved previous a key resistance stage of $0.06540, rising to its highest level since August 26 in the method.
DOGE/USD – Day by day Chart
Wanting on the chart, DOGE has slipped from earlier highs, because the 14-day relative power index (RSI) collided with a ceiling of its personal.
As of writing, the index is at present monitoring at 56.59, which is marginally beneath a resistance of 57.00.
Presently DOGE is buying and selling at $0.06572, which is barely above its aforementioned value ceiling of $0.06540.
Ought to bulls try to push the token again past this level, there’ll have to be a breakout first inside the RSI.
Solana (SOL)
Along with dogecoin, solana (SOL) was one other notable gainer in at the moment’s session, because the token moved nearer to a resistance stage of its personal.
SOL/USD surged to a excessive of $34.70 earlier at the moment, which noticed costs climb larger for a 3rd consecutive session.
Because of at the moment’s peak, the world’s ninth largest cryptocurrency climbed to its strongest level since September 13.
SOL/USD – Day by day Chart
Bulls now look set to take costs even larger, with a ceiling of $36.50 a potential goal, ought to this week’s momentum proceed.
Regardless of the excessive stage of volatility in crypto markets this week, SOL is buying and selling over 4% larger from the identical level final week.
The transferring common of 10-day (crimson) additionally seems to have crossed versus its 25-day (blue) counterpart, which may sign that additional beneficial properties are forward.
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Earlier article
Bitcoin, Ethereum Technical Evaluation: BTC, ETH Consolidate Following Week of Intense Volatility
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