Dogecoin snapped a two-day losing streak on Thursday, as sentiment in crypto markets remained bullish. The meme coin moved to a one-week high, moving away from a key price floor in the process. Solana rose for a fifth straight session.
Dogecoin (DOGE)
Dogecoin (DOGE) ended a two-day losing streak in today’s session, as prices rose by over 5% on Thursday.
Following a low of $0.0821 on Wednesday, DOGE/USD raced to a peak of $0.08838 earlier in today’s session.
As a result of the move, the meme coin continued to to move away from a key level of support at $0.0810.
DOGE/USD – Daily Chart
From the chart, it appears that today’s surge came as the relative strength index (RSI) broke out of a ceiling at 55.00.
Currently, price strength is tracking at the 56.65 level, with a resistance of 60.00 a possible target for bulls.
Should this target be hit, there is a strong possibility that DOGE will be above $0.09000.
Solana (SOL)
Solana (SOL) was once again in the green, as the token rose higher for a fifth straight session.
SOL/USD moved to an intraday high of $25.24 earlier in today’s session, which comes a day after the price was at a low of $23.43.
This jump in price sent solana to its highest point since February 21, and closer to a key resistance level at $26.00.
SOL/USD – Daily Chart
Overall, recent gains have pushed the RSI deep into overbought territory, with the index currently tracking at 69.27.
This level is marginally below an upcoming ceiling at 70.00, which has already acted as a hurdle for earlier bulls.
At the time of writing, SOL is currently trading at $25.00, which is relatively lower than its earlier peak.
Register your email here to get weekly price analysis updates sent to your inbox:
Do you expect solana to climb for a sixth day on Friday? Let us know your thoughts in the comments.
Eliman Dambell
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
More Popular News
In Case You Missed It
Source: https://news.bitcoin.com/biggest-movers-doge-snaps-losing-streak-as-sol-hits-fresh-6-week-high/
