DOGE made a remarkable move in today’s session, rising to its highest level in nearly 20 days.
On Monday, DOGE/USD rose to an intraday high of $0.07839 within 24 hours after trading as low as $0.07184.
As a result of today’s move, the meme coin collided with a price ceiling of $0.07830, the highest price DOGE has reached since June 10.
Since this peak, bulls have been vacating their previous positions, pushing prices down in the process and giving the bears the green light to re-enter the market.
Up nearly 6% from yesterday’s lows, DOGE is now trading at $0.0756, just below its previous high.
This is because the 14-day RSI has reached the 53.9 level, its highest since April 26 and also a resistance point.
DOGE may see further price gains if it finally overcomes this point.
TRXcontinues its recent uptrend and remains high for the week.
The move took the TRX to its highest level since June 13, when the TRON was down to $0.04700, a one-year low at the time.
The price has since formed an upward triangle, making a series of higher highs in the process, today being the latest one.
For further upside, we may need to see price strength to push through future resistance on the RSI indicator.
This point at 50 is one of the only current obstacles standing in the way of the token recapturing the $0.07560 long-term resistance level.
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