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.