Dogecoin moved away from a key price floor on Saturday, as the meme coin ended a three-day winless run. Price has traded in the red since Wednesday, leading to a collision with a support point of $0.0620. Stellar also rallied, nearing a one-month high in the process.
Dogecoin (DOGE) snapped a three-day losing streak on Saturday, as bulls pushed price away from a recent support level.
Following a low of $0.06284 on Friday, DOGE/USD moved to a peak of $0.06382 earlier in the day.
Today’s gain in price saw the meme coin continue to move beyond its aforementioned floor at the $0.0620 region.
DOGE/USD – Daily Chart
However, momentum has not fully shifted to the bulls, as a result of the relative strength index (RSI) tracking below a ceiling of 44.00.
At the time of writing, the index is tracking at 42.18, which comes as a crossover of moving averages looms.
Should the 10-day (red) moving average move beyond its 25-day (blue) counterpart, this could be the sign bulls are waiting for to reenter the market.
Stellar (XLM) extended recent gains to a fourth straight day, as price broke out of a key ceiling in the process.
XLM/USD peaked at $0.1328 to start the weekend, following a low of $0.1242 during Friday’s session.
Today’s move saw stellar climb to its highest point since August 16, when price peaked at $0.1364.
XLM/USD – Daily Chart
As a result of the gain in price, the moving averages of 10-days and 25-days respectively, now also sit on the cusp of an upward cross.
This could further push the token higher, with bulls seemingly targeting a higher point of resistance at $0.1400.