Dogecoin Rebounds from Recent Losses
Dogecoin (DOGE) saw a rebound on Saturday, putting an end to a three-day losing streak. Here are the key points:
- DOGE/USD reached an intraday peak of $0.07828, bouncing back from a low of $0.07653 on Friday.
- The support level at $0.07600 proved to be a significant factor in preventing a further decline.
- The relative strength index (RSI) is currently at 62.53, below the ceiling at 63.00.
- Bulls will need to break through the RSI ceiling to secure additional gains this weekend.
- DOGE’s price increase from Friday’s low is around 2%.
Shiba Inu Maintains High Price Levels
Shiba inu (SHIB) continues to trade near a two-week high, following a strong surge in price. Here are the key points:
- SHIB/USD peaked at $0.00000840 on Saturday, slightly lower than the $0.00000845 recorded on Friday.
- The RSI broke through the ceiling at 60.00 and is currently at 64.29.
- This is the highest price strength level for SHIB since February 7.
- If bullish momentum persists, traders can aim for a realistic target of $0.00000890.
- Yesterday’s low for SHIB was $0.00000783.
Hot Take
Both Dogecoin and Shiba Inu have shown some positive movements in today’s trading session. While Dogecoin rebounded from its recent losses, its price growth may be limited due to the current position of the RSI. On the other hand, Shiba Inu has maintained high price levels and has the potential for further gains if bullish momentum continues. Crypto traders should closely monitor these two assets for potential trading opportunities.
By
By
By
By
By