Dogecoin snapped a two-day losing streak on Thursday as crypto market sentiment remained bullish. The meme coin moved to a one-week high, moving away from a key price floor in the process. Solana rose for the fifth consecutive session.
Dogecoin (DOGE)
Dogecoin (DOGE) ended a two-day losing streak in today’s session as prices rose over 5% on Thursday.
Following Wednesday’s low of $0.0821, DOGE/USD ran up to a peak of $0.08838 earlier today’s session.
As a result of this move, the meme coin continued to move away from its key support level at $0.0810.
The chart shows that the Relative Strength Index (RSI) has broken through the ceiling of 55.00, which is what caused today’s surge.
Price strength is now tracking at the 56.65 level, with resistance at 60.00 a possible bullish target.
If this target is hit, DOGE will likely exceed $0.09000.
Solana (SOL)
Solana (SOL) was in the green again as tokens rose for the fifth consecutive session.
SOL/USD moved to an intraday high of $25.24 early in today’s session, a day after prices were at a low of $23.43.
This price spike took Solana to its highest level since February 21 and brought it closer to a key resistance line at $26.00.
Overall, the recent rally has taken the RSI deep into overbought territory, with the index currently hovering at 69.27.
This level is just below the 70.00 ceiling, which has already acted as a hurdle to previous bullishness.
At the time of this writing, SOL is currently trading at $25.00, relatively lower than its previous peak.
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