Biggest Movers: DOGE Higher on Wednesday, After Falling to Recent 7-Week Low
Dogecoin (DOGE) climbed back above a key support level in today’s session, after traders opted to buy a recent dip in price. After slipping to a low of $0.05866 on Tuesday,
DOGE/USD rose to an intraday peak at $0.05945 earlier in the session.
As a result, DOGE continued to move away
from a price floor at $0.05840, which was broken on Monday, sending price to its lowest point since mid-August. Today’s rebound comes after the
14-day relative strength index (RSI) bounced away from its own support at 32.00.
At the time of writing, the index is tracking at a
reading of 33.72, which is still close to the oversold region. The next visible point of resistance now stands
at 37.00, and if broken, there is a good chance that
DOGE rises past $0.06000.
