Dogecoin (DOGE)
Are you keeping an eye on Dogecoin (DOGE)? After a six-day losing streak, DOGE finally bounced back from a recent support level. On Monday, it hit a low of $0.06246, but today it rallied to an intraday peak of $0.06422. Bulls are now setting their sights on a target of $0.0680.
When we look at the chart, we can see that the 14-day relative strength index (RSI) has been on the rise, starting from a low of 39.00. Currently, it stands at 42.66, with the next resistance level around 47.00. If DOGE manages to break through that, it’s highly likely that it will move towards $0.07000.
Polygon (MATIC)
Another cryptocurrency to watch is Polygon (MATIC), which has been trading higher for the fourth consecutive day. On Tuesday, MATIC/USD reached a peak of $0.5634, following a low of $0.5406 at the beginning of the week. This marks the highest point for Polygon since last Thursday, when it hit $0.5885.
Overall, it seems that MATIC is on an uptrend and could potentially reach a significant resistance level of $0.6000. However, in order to reach that point, the RSI, currently at 40.08, will need to surpass the upcoming ceiling at the 41.00 level.
Hot Take
Both Dogecoin (DOGE) and Polygon (MATIC) have shown signs of recovery and upward movement. If DOGE manages to break through its resistance levels and reach $0.07000, it could continue its upward trajectory. Similarly, if MATIC surpasses the upcoming ceiling and reaches $0.6000, it could signal further gains. Keep an eye on these cryptocurrencies as they navigate their respective resistance levels.
Benito Cormi, the brilliant crypto analyst who has made waves in the world of cryptocurrency. With his razor-sharp analytical skills and deep understanding of the digital asset landscape, Benito has become a trusted figure in the industry and remains at the forefront, tirelessly researching and analyzing market trends to help individuals and businesses make informed decisions in this dynamic landscape.
