Dogecoin rose more than 10% in today’s session, while memecoin neared its highest level in almost a month. The token has been higher for eight straight sessions, and Cardano is also in the green, up for a ninth straight day.
Dogecoin (DOGE)
The meme coin was one of the big gainers of the day as its price rose to an intraday peak of $0.07657.
This surge took DOGE/USD to its highest point since June 27, and in the process brought it closer to a long-term resistance point.
From the chart, this ceiling appears to be at the $0.07900 level.
The bulls are trying to overcome this hurdle, but price strength seems to be encountering its own obstacles.
This exists in the form of the 61.50 level of the 14-day Relative Strength Index (RSI), which has not been broken since late April.
Cardano (ADA)
Wednesday extended Cardano’s (ADA) recent streak, with prices rising for the ninth consecutive day.
TheADArallied after hitting a low of $0.4812 in yesterday’s session; the ADA/USD surged to a high of $0.546 early in the morning.
The move sent the token to its highest level since June 11, when prices were sliding down from $0.6500.
The surge has blown the world’s seventh largest cryptocurrency off its previous ceiling of $0.5000 and is on track to reach another.
If the surge continues, this new ceiling will be $0.5720, which seems to be the area where historical bearish pressure exists.
To advance toward this mark, the{92 ADAshould first see price strength above 61 on the RSI indicator.
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