Dogecoin (DOGE)
Dogecoin (DOGE) experienced a decline in price, approaching a key support level.
- DOGE/USD dropped to a low of $0.0619, following a high of $0.06308 the previous day.
- The inability to break out of a resistance level at $0.06500 and a relative strength index (RSI) failing to breach a ceiling at 36.00 contributed to this turn in sentiment.
- If the decline continues, bears will likely look to exit once the index reaches a floor around 32.00.
Toncoin (TON)
Toncoin (TON) remained mostly in the green, nearing a one-week high.
- After reaching a low of $1.40, TON/USD peaked at $1.44, its highest point since last Thursday.
- The RSI hitting a ceiling of 58.00 caused a shift in sentiment as price strength is currently tracking at 54.44.
- If the price reaches a floor around the 50.00 region, TON may move below $1.20.
Hot Take
Dogecoin’s decline and inability to break resistance levels may indicate a potential downward trend. On the other hand, Toncoin’s upward momentum may continue if it maintains its current price strength. Crypto investors should closely monitor these developments to make informed decisions.
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