DOGE Hits 3-Week High on Saturday – Market Updates Bitcoin News


Dogecoin surged to a three-week excessive to start out the week, because the token rallied for a second consecutive session. Total, the meme coin has now traded greater for 4 of the final 5 days. Quant was one other notable gainer in at the moment’s session, transferring to an eight-day peak.

Dogecoin (DOGE)

Dogecoin (DOGE) raced to a three-week excessive to start out the weekend, because the meme coin moved to increase latest features.

Following a low of $0.08695 on Friday, DOGE/USD rallied to an intraday excessive of $0.09474 on Saturday.

This acquire in value has pushed the token to its strongest level since November 8, when it was buying and selling at a excessive of $0.1125.

DOGE/USD – Day by day Chart

Wanting on the chart, bullish sentiment has climbed greater following a breakout from the 52.00 mark on the relative energy index (RSI).

Along with this, the 10-day (purple) transferring common is now upward going through, which is often an indication of pending surges in value.

Presently, the RSI is monitoring on the 54.66 level, with the following seen resistance level on the 60.00 mark.

Quant (QNT)

Quant (QNT) was additionally within the inexperienced on Saturday, with the token rose for a fifth straight day.

QNT/USD rose to a peak of $122.06, lower than a day after costs have been buying and selling at a backside of $111.56

Because of this mini-bull run, quant is now buying and selling at its highest level since Nov. 18.

QNT/USD – Day by day Chart

Honing in on the chart, it seems that bulls are trying to maneuver the token to a resistance degree of $125.00.

With a view to obtain this, the RSI, which is presently monitoring at 46.56, might want to collide with a ceiling of its personal at 52.00.

The ten-day (purple) transferring common is now additionally closing in on its 25-day (blue) counterpart, which might result in an eventual upward cross.

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What’s behind this weekend’s bullish sentiment in cryptocurrency markets? Tell us your ideas within the feedback.

Eliman Dambell

Eliman brings an eclectic perspective to market evaluation, he was beforehand a brokerage director and retail buying and selling educator. Presently, he acts as a commentator throughout varied asset courses, together with Crypto, Shares and FX.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

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