The rally comes as the meme coin continues to trade above a key resistance level, following a breakout on Tuesday. Xrp was also in the green today, trading close to a one-week high.Dogecoin was one of today’s notable movers, as the meme coin hit its highest level in over a week.
Following a low of $0.0606 on Tuesday, DOGE/USD rallied to an intraday high of $0.06646 earlier today. The move saw the token continue to trade above a resistance level of $0.0640, hitting its strongest point since September 24.Looking at the chart, it can be seen that prices have declined, which came as the 14-day relative strength index hit a resistance point of 60.00.
This collision has since prompted traders to exit previous positions, securing earlier profits in the process. The memecoin continues to trade above its $0.0640 level, with the 10-day moving average also trending upwards, which could be a sign of further gains to come.
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It will go higher once $DOGE gets integrated into Twitter.
I'm happy I hold DOGE and XRP on BFX.
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