Dogecoin surged to a three-week high to start the week, as the token rallied for a second consecutive session. Overall, the meme coin has now traded higher for four of the last five days. Quant was another notable gainer in today’s session, moving to an eight-day peak.
Dogecoin (DOGE)
Dogecoin (DOGE) raced to a three-week high to start the weekend, as the meme coin moved to extend recent gains.
Following a low of $0.08695 on Friday, DOGE/USD rallied to an intraday high of $0.09474 on Saturday.
This gain in price has pushed the token to its strongest point since November 8, when it was trading at a high of $0.1125.
DOGE/USD – Daily Chart
Looking at the chart, bullish sentiment has climbed higher following a breakout from the 52.00 mark on the relative strength index (RSI).
In addition to this, the 10-day (red) moving average is now upward facing, which is typically a sign of pending surges in price.
Currently, the RSI is tracking at the 54.66 point, with the next visible resistance point at the 60.00 mark.
Quant (QNT)
Quant (QNT) was also in the green on Saturday, with the token rose for a fifth straight day.
QNT/USD rose to a peak of $122.06, less than a day after prices were trading at a bottom of $111.56
As a result of this mini-bull run, quant is now trading at its highest point since Nov. 18.
QNT/USD – Daily Chart
Honing in on the chart, it appears that bulls are attempting to move the token to a resistance level of $125.00.
In order to achieve this, the RSI, which is currently tracking at 46.56, will need to collide with a ceiling of its own at 52.00.
The 10-day (red) moving average is now also closing in on its 25-day (blue) counterpart, which could lead to an eventual upward cross.
Register your email here to get weekly price analysis updates sent to your inbox:
What is behind this weekend’s bullish sentiment in cryptocurrency markets? Let us know your thoughts in the comments.
Eliman Dambell
Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
More Popular NewsIn Case You Missed It
Bitcoin 
Ethereum 
XRP 
Tether 
Solana 
BNB 
USDC 
Dogecoin 
Lido Staked Ether 
TRON 
Cardano 
Wrapped stETH 
Chainlink 
Wrapped Beacon ETH 
Hyperliquid 
Wrapped Bitcoin 
Ethena USDe 
Sui 
Figure Heloc 
Stellar 
Wrapped eETH 
Avalanche 
Bitcoin Cash 
WETH 
Hedera 
Litecoin 
LEO Token 
Cronos 
Toncoin 
USDS 
Shiba Inu 
Binance Bridged USDT (BNB Smart Chain) 
Coinbase Wrapped BTC 
Polkadot 
WhiteBIT Coin 
Uniswap 
Ethena Staked USDe 
World Liberty Financial 
Mantle 
Ethena 
Monero 
Aave 
Bitget Token 
Dai 
Pepe 
OKB 
MemeCore 
Jito Staked SOL 
Ondo 
NEAR Protocol 