DOGE trades higher as DOGE prices reached their highest levels in 20 days on Monday. TRX also traded in the green for the first week of the week. This was due to prices continuing to rise following recent bullish momentum.
Dogecoin, (DOGE).
DOGE was a notable mover during today’s session, as prices rose to their highest point in nearly 20 days.
Doge/USD reached an intraday peak of $0.07839 on Monday. This was less than 24hrs after DOGE/USD traded at a low point of $0.07184.
As a result of today’s move, the meme coin collided with a price ceiling at $0.07830, which is the highest point DOGE has hit since June 10.
Bulls have sold earlier positions to push prices down, giving the green light for bears to re-enter after hitting the peak.
Although still up almost 6% from yesterday’s low, DOGE is currently trading at $0.0756, which is marginally below earlier highs.
It comes just as the 14-day RSI reaches the 53.9 level. It is the highest reading since April 26, but also a point resistance.
If DOGE can overcome this obstacle, we might see additional price gains.
TRON (TRX).
TRX also traded higher at the beginning of the week due to prices continuing to rise following a streak of uptrending momentum.
Following a low of $0.06415 on Sunday, TRX/USD surged to a peak of $0.07005 earlier in today’s session.
Prices climbed to new highs after this move. They were at their lowest point since June 13, 2013, when TRON dropped to $0.04700, a one-year low.
Since then, prices have been in an ascending triangle, hitting a streak of higher highs in the process, with today’s the latest one of these climbs.
To climb higher, price strength might be needed to push past a future resistance level of the RSI indicator.
The token is currently facing 50 points of resistance, which means that it cannot regain its $0.07560 long-term resistance.
Are you optimistic that TRX will reach this level by July? We’d love to hear your comments.
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