DOGE snaps 2-day losing streak, climbing above $0.06000 in the process.
The meme coin, which has been hovering close to a one-month low, surged, as bulls seemingly bought the dip. The token formerly known as ripple was also higher.Dogecoin was a notable gainer in today’s session, as the meme coin rebounded following recent losses.
So far this week, DOGE/USD has been trading around a floor of $0.0580, however prices rallied beyond that point today. The world’s tenth largest cryptocurrency rose to a high of $0.06068 earlier today, as bulls seemingly have their sights set on a resistance point.Looking at the chart, this ceiling is the $0.0620 mark, which was last hit ten days ago, on October 10.
Currently, the 14-day relative strength index , has reached a resistance level of its own, and is currently tracking at this point of 47.50 Should dogecoin bulls intend to take prices higher, we would first need to see a breakout of this current hurdle.
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