BitcoinWorld

Latest News

To kick off the weekend, DOGE reaches a 1-month high

One of Saturday’s biggest movers was Dogecoin, which reached a one-month high during today’s session.

Friday’s low of $0.05974 was followed by an intraday peak of $0.06797 for DOGE/USD to begin the weekend.

The token moved past a crucial barrier level of $0.06540 as a result of today’s rally, climbing to its highest point since August 26 in the process.

Source : DOGE/USD – Daily Chart

Looking at the chart, it is clear that DOGE has fallen from previous highs as a result of the 14-day relative strength index (RSI) hitting its own ceiling.

The index is currently tracking just below a resistance level of 57.00 at 56.59 as of this writing.

A little above its previously indicated $0.06540 price ceiling, DOGE is currently trading at $0.06572.

If bulls try to push the token back past this level, there must first be a breakout in the RSI.

Avatar photo
My Name is Will. I'm a News/Content Writer and SEO Expert. I have good way of using good English construction to write credible articles ranging from News Articles to Creative Writing all around Cryptocurrency Industry. I have actively worked and still working with Crypto startups and have maintained credibility in the Cryptocurrency space.

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.