DoGE’s 3-Week High Saturday is a Biggest Mover
Dogecoin soared to a three week high to begin the week as the token rallied for the second consecutive session. The meme coin has traded higher for four out of the five days. Quant also saw a notable gain today, reaching an eight-day high.
Dogecoin (DOGE), which hit a three-week high to begin the weekend, saw the meme coin move to extend its recent gains.
DOGE/USD rose to $0.09474 intraday after falling to $0.08695 Friday.
This price gain has pushed the token to its highest point since November 8, when it traded at $0.1125.
The chart shows that bullish sentiment has risen after a breakout of the 52.00 mark on relative strength index (RSI).
The 10-day (red-colored) moving average is now facing upward, which is usually a sign that there are pending price surges.
Currently, the RSI tracks at the 54.66 mark, with the next visible resistance at the 60.00 mark.
Quant (QNT), was also in green on Saturday, with the token rise for a fifth consecutive day.
QNT/USD climbed to $122.06, just one day after prices traded at a low of $111.56
Quant is now trading at its highest level since Nov. 18 as a result.
The chart shows that bulls are trying to move the token towards a resistance level at $125.00.
To achieve this, the RSI (currently tracking at 46.56) will need to collide at 52.00.
The 10-day (red-colored) moving average is also close to its 25-day counterpart (blue), which could lead towards an eventual upward cross.
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What’s the reason for this weekend’s bullish sentiment on cryptocurrency markets? We’d love to hear your thoughts in the comment section.