Biggest Movers: DOGE Moves Away From Support Level, XLM Nears 1-Month High
Dogecoin moved away from a key price floor on Saturday, as the meme coin ended a three-day winless run. Price has traded in the red since Wednesday, leading to a collision with a support
point of $0.0620. Stellar also rallied, nearing a one-month high in the process.
Dogecoin (DOGE)
snapped a three-day losing streak on Saturday, as bulls pushed price away from a recent support level. Following a low of $0.06284 on Friday,
DOGE/USD moved to a peak of $0.06382 earlier in the day.
Today’s gain in price saw the meme coin continue to move beyond its aforementioned floor at the
$0.0620 region. However, momentum has not fully shifted to the bulls, as a result of the relative
strength index (RSI) tracking below a ceiling of 44.00.
At the time of writing, the index is tracking at
42.18, which comes as a crossover of moving averages looms. Should the 10-day (red) moving average move beyond its
25-day (blue) counterpart, this could be the sign bulls are waiting for to reenter the market.
Stellar (XLM) extended recent gains to a fourth straight day, as price broke out of a key ceiling in the process. XLM/USD peaked at
$0.1328 to start the weekend, following a low of
$0.1242 during Friday’s session.
