Biggest Movers: DOGE Hits 8-Week High as Meme Coins Rally on Tuesday
Dogecoin climbed to an eight-week high on Jan. 31, as prices broke out of a key resistance level on Tuesday. The meme coin surged ahead following the release of the latest consumer confidence report in the United States. Shiba inu also moved higher, rebounding from losses to start the week. Dogecoin (DOGE) Dogecoin (DOGE) raced higher on Tuesday, as the meme coin broke out of a key resistance level. Following a low of $0.08578 to start the week, DOGE/USD rose to an intraday high of $0.095 earlier today. As a result of the surge, dogecoin rose to its strongest point since December 11, when prices were at a high of $0.0972. DOGE/USD – Daily Chart Since the move, earlier gains have somewhat eased, as the 14-day relative strength index (RSI) collided with a ceiling of its own. As of writing, the index is tracking at 65.03, which is marginally above a resistance level at 65.00. Providing bulls are able to maintain current momentum, their next target will likely be $0.099. ...