DOGE Hits 1-Month High to Start the Weekend – Market Updates Bitcoin News

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, (DOGE).

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.

DOGE/USD – Daily Chart

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.

Solana (SOL)

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.

SOL/USD – Daily Chart

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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Can solana reach $40.00 before the month’s end? We’d love to hear your comments.

Eliman Dambell

Eliman has a unique perspective on market analysis. He was previously a retail trading teacher and brokerage director. He currently acts as an analyst for various asset types, such as Crypto, Stocks, FX.

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