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Biggest Movers: DOGE Rebounds, as SHIB Surges 5% Higher on Saturday

Biggest Movers: DOGE Rebounds, as SHIB 5% Higher on Saturday

Dogecoin snapped a three-day losing streak on Saturday, as the meme coin found a point of support. The move came as X, formerly Twitter, continued its re-brand by showcasing its new logo over the San Francisco skyline. Shiba inu surged by over 5% today.

Dogecoin (DOGE)

Dogecoin (DOGE) rebounded on Saturday, as the token ended a recent three-day losing streak in today’s session.

DOGE/USD hit an intraday peak at $0.07828 earlier in the day, following Friday’s drop to a bottom at $0.07653.

Yesterday’s decline saw the meme coin move near a support point at $0.07600, however bulls rejected a full on collision.

Although DOGE is now up by almost 2% from Friday’s low, price might have hit a wall, due to the current position of the relative strength index (RSI).

The index is hovering below a ceiling at 63.00, which would need to be broken, if DOGE bulls intend to secure further gains this weekend.

At the time of writing this, price strength is tracking at 62.53.

Shiba Inu (SHIB)

Shiba inu (SHIB) continued to trade close to a two-week high in today’s session, after yesterday’s strong surge in price.

Saturday has seen SHIB/USD peak at $0.00000840, which comes after Friday’s low of $0.00000783.

This is marginally below the $0.00000845 level recorded yesterday, which was its highest point since July 14.

Looking at the chart, the rally comes as the RSI broke past a ceiling at 60.00, and is now tracking at 64.29.

Overall, this is the highest point price strength in SHIB since February 7, when the price reached a high of $0.00001449.

If momentum remains bullish this weekend, $0.00000890 is the realistic target for traders.

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Will the X platform offer meme coin payments? Let us know your thoughts in the comments.



from Bitcoin News https://ift.tt/C8hwndT

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