Home Finance Dogecoin reaches its highest level in 3 weeks

Dogecoin reaches its highest level in 3 weeks

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Dogecoin hit a three-week high earlier this week, as the token rallied for a second consecutive session. Overall, the meme currency has now traded higher for four of the last five days. Crypto Quant was another notable winner in today’s session, hitting an eight-day high.

Dogecoin (DOGE)

Dogecoin (DOGE) hit a three-week high earlier this weekend as the mimetic currency looks to extend its recent gains.

After a low of $0.08695 on Friday, DOGE hit an intraday high of $0.09474 on Saturday.

The price gain pushed the token to its strongest point since Nov. 8, when it was trading at a high of $0.1125.

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Looking at the chart, bullish sentiment climbed after a break of the 52.00 mark on the relative strength index (RSI). In addition, the 10-day moving average (red) is now pointing up, which is usually a sign of higher prices to come.

Currently, the RSI is at the 54.66 level, with the next visible resistance point at the 60.00 level.

Quant (QNT)

Quant (QNT) was also in the green on Saturday, as the token rose for a fifth consecutive day. QNT hit a high of $122.06, less than a day after prices hit a low of $111.56.

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Following the mini-bull run, the quant is now trading at its highest point since November 18.

Focusing on the chart, it appears that the bulls are attempting to move the chip to a resistance level of $125.00. In order to do so, the RSI, currently at 46.56, will have to collide with a ceiling at 52.00.

The 10-day moving average (red) is also approaching its 25-day counterpart (blue), which could lead to a potential upside crossover.