DOGE was once again higher on Monday, as traders bought the token, days after a video about the meme-coin was shared by Elon Musk. This came as CAKE was also a big mover today, climbing beyond the $10 mark, hitting a multi-month high in the process.DOGE rose for a second consecutive session, as bulls continued to pile into the meme-coin, following a recent tweet from Elon Musk.
Today’s peak is the highest level DOGE has traded since February 14, and comes following a breakout of the $0.1510 resistance level.However, this ceiling has been relatively firm, with prices falling from earlier highs, as the move gradually turns into a false breakout. As a result of slowing momentum, bears in the market are likely anticipating a reversal, and waiting for the perfect time to re-enter.Despite crypto markets being lower across the board on Monday, there were some notable exceptions, which were able to rise higher.CAKE/USD surged to its highest level since January 21 on Monday, as prices hit an intraday high of $10.22The price of CAKE has surged in the last few weeks, as it bounced from support of $5.
Might be worth invest some USDT into it
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I don't think this hype for DOGE will last long. As has happened lately with Musk's actions
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Source: CoinDesk - 🏆 291. / 63 Read more »