Stellar (XLM)
Stellar (XLM) saw a rise in price on Saturday, recovering from a six-day losing streak. Here are the key points:
- XLM/USD reached a high of $0.12 earlier today, following a low of $0.1115 the day before.
- The price of XLM moved away from a support point at $0.110, which was last hit in mid-June.
- During this time, the relative strength index (RSI) hit a floor at 30.00 and has since rebounded to 34.84.
- If XLM surpasses this point, the next target price is around $0.1340.
Dogecoin (DOGE)
Just like XLM, dogecoin (DOGE) also experienced a price increase over the weekend. Here are the key points:
- DOGE/USD rose from a floor of $0.06079 to a peak of $0.06385.
- The increase in price occurred as DOGE moved away from a support point of $0.0600, which is near a two-month low.
- Similar to XLM, the RSI on the dogecoin chart has rebounded from a support point at 30.00 and is now at 34.13.
- The next point of resistance is at 44.00, and if reached, DOGE could be valued near $0.06600.
Hot Take
Both Stellar (XLM) and dogecoin (DOGE) have seen a recovery in price, showing potential for further increases. Keep an eye on these cryptocurrencies as they continue to move away from their recent lows. However, it’s important to note that the crypto market can be unpredictable, so always do your own research before making any investment decisions.
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