Quant remained in the green for the second consecutive session, approaching a six-month high on Saturday. The rise came as prices rose more than 25% over the past seven days; Dogecoin also remained in the green as prices rose for a third straight day.
Quant (QNT)
Quant (QNT) was one of the notable risers to start the weekend as prices approached six-month highs.
QNT/USD surged to an intraday high of $146.52 on Saturday, less than a day after trading as low as $138.40.
Today’s high was just below Friday’s peak of $147.00, the strongest point recorded by the quant since March 29.
The chart shows this move as the Relative Strength Index (RSI) broke the 73.00 ceiling.
At the time of this writing, it is at 75.81, which is deep in overbought territory and could serve as a signal for bears to re-enter the market.
The 10-day (red) moving average continues to hold higher, but bulls will begin to consider profit taking and profit taking.
Doji Coin (DOGE)
Another notable move in today’s session is Doji Coin (DOGE), which has risen for three consecutive sessions.
Following Friday’s low of $0.05996, DOGE/USD rose to an intraday high of $0.06281 on Saturday.
Today’s rally in DOGE has pushed prices to their highest levels in the past four days, and values appear to be heading toward the $0.0640 resistance point.
However, the earlier rally has eased somewhat following a clash with the ceiling of the RSI indicator.
The index is currently hovering below the 50.40 ceiling, as market uncertainty increases as the day progresses.
Ultimately, as with the QNT, if traders intend to raise prices this weekend, the first task would be to move above the current resistance point.
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