Dogecoin rose to an all-time high of one month to begin the weekend. Markets only marginally recovered on Saturday. The token rose by as much as 10% in today’s session, racing past a key resistance in the process. Solana also saw notable gains, reaching an 11 day high.
Dogecoin was one of Saturday’s most notable movers, as the meme coin rose to a one-month high in today’s session.
After a Friday low of $0.05974 DOGE/USD rose quickly to $0.06797 for the first weekend.
As a result of today’s surge, the token moved past a key resistance level of $0.06540, rising to its highest point since August 26 in the process.
The chart shows that DOGE is now below its earlier peak, while the relative strength index (RSI), 14-day, has hit a ceiling.
At the time of writing, index was at 56.59. That is just marginally lower than the resistance of 59.00.
DOGE currently trades at $0.06572, slightly higher than its price ceiling of $0.06540.
Bulls will not be able to force the token to a higher level than this. There must first be a breakout in the RSI.
In addition to dogecoin, solana (SOL) was another notable gainer in today’s session, as the token moved closer to a resistance level of its own.
SOL/USD rose to an all-time high of $34.70 this morning, which led prices to rise for the third straight session.
As a result of today’s peak, the world’s ninth largest cryptocurrency climbed to its strongest point since September 13.
Bulls now look set to take prices even higher, with a ceiling of $36.50 a possible target, should this week’s momentum continue.
SOL traded over 4% this week despite the volatility seen in the crypto market.
Also, the 10-day moving average (red), appears to have crossed against its 25-day counterpart (blue), suggesting that there are further gains ahead.
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