Dogecoin surged to a three-week excessive to begin the week, because the token rallied for a second consecutive session. Overall, the meme coin has now traded greater for 4 of the final 5 days. Quant was one other notable gainer in in the present day’s session, shifting to an eight-day peak.
Dogecoin (DOGE) raced to a three-week excessive to begin 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 worth has pushed the token to its strongest level since November 8, when it was buying and selling at a excessive of $0.1125.
Looking on the chart, bullish sentiment has climbed greater following a breakout from the 52.00 mark on the relative energy index (RSI).
In addition to this, the 10-day (purple) shifting common is now upward going through, which is often an indication of pending surges in worth.
Currently, the RSI is monitoring on the 54.66 level, with the following seen resistance level on the 60.00 mark.
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
As a results of this mini-bull run, quant is now buying and selling at its highest level since Nov. 18.
Honing in on the chart, it seems that bulls are trying to maneuver the token to a resistance stage of $125.00.
In order to realize this, the RSI, which is at the moment monitoring at 46.56, might want to collide with a ceiling of its personal at 52.00.
The 10-day (purple) shifting common is now additionally closing in on its 25-day (blue) counterpart, which may result in an eventual upward cross.
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What is behind this weekend’s bullish sentiment in cryptocurrency markets? Let us know your ideas within the feedback.