Biggest Movers: DOGE Snaps Losing Streak as SOL Hits Fresh 6-Week High

Greatest Movers: DOGE Snaps Dropping Streak as SOL Hits Recent 6-Week Excessive

April 13, 2023 Off By lordanime37
Biggest Movers: DOGE Snaps Losing Streak as SOL Hits Fresh 6-Week High

Dogecoin snapped a two-day dropping streak on Thursday, as sentiment in crypto markets remained bullish. The meme coin moved to a one-week excessive, shifting away from a key worth ground within the course of. Solana rose for a fifth straight session.

Dogecoin (DOGE)

Dogecoin (DOGE) ended a two-day dropping streak in immediately’s session, as costs rose by over 5% on Thursday.

Following a low of $0.0821 on Wednesday, DOGE/USD raced to a peak of $0.08838 earlier in immediately’s session.

Because of the transfer, the meme coin continued to to maneuver away from a key stage of assist at $0.0810.

From the chart, it seems that immediately’s surge got here because the relative power index (RSI) broke out of a ceiling at 55.00.

At the moment, worth power is monitoring on the 56.65 stage, with a resistance of 60.00 a potential goal for bulls.

Ought to this goal be hit, there’s a sturdy chance that DOGE shall be above $0.09000.

Solana (SOL)

Solana (SOL) was as soon as once more within the inexperienced, because the token rose greater for a fifth straight session.

SOL/USD moved to an intraday excessive of $25.24 earlier in immediately’s session, which comes a day after the worth was at a low of $23.43.

This bounce in worth despatched solana to its highest level since February 21, and nearer to a key resistance stage at $26.00.

General, current positive factors have pushed the RSI deep into overbought territory, with the index presently monitoring at 69.27.

This stage is marginally beneath an upcoming ceiling at 70.00, which has already acted as a hurdle for earlier bulls.

On the time of writing, SOL is presently buying and selling at $25.00, which is comparatively decrease than its earlier peak.

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