Dogecoin was down by as much as 10% to start the week, as the token retreated from Sunday’s high. The meme coin raced to a three-week high over the weekend, however bulls appeared to have abandoned their positions, opting to secure profits. Xrp, formerly known as ripple, fell for a third straight session on Monday.
Indhold
Dogecoin (DOGE)
Dogecoin (DOGE) was 10% lower on Monday, as traders moved to secure profits following recent gains.
Following a high of $0.1057 on Sunday, DOGE/USD slipped to an intraday bottom of $0.09302 to start the week.
The drop saw the token move closer to a key support point of $0.090, Mindre end 24 hours after hitting a three-week high.
As can be seen from the chart, the move comes as the 14-day relative strength index (RSI) failed to break out of a ceiling of 60.00.
I øjeblikket, indekset følger kl 55.20, with the next visible point of support at the 52.00 mærke.
Despite the current decline in price, momentum still remains bullish, with the 10-day (red) moving average still positioned for an upwards cross.
XRP, formerly known as ripple, was also in the red to start the week, with the token falling for a third straight day.
XRP/USD faldt til et lavpunkt i løbet af dagen på $0.3758 during Monday’s session, pushing prices nearly 7% lower than Sunday’s high of $0.4079.
Today’s bottom was the weakest point for XRP since last Thursday, Nov. 24, when price was at a low of $0.3670.
Honing in on the chart, it appears that bears have regained confidence, following a failed breakout of a key ceiling on the RSI.
The index failed to move beyond a ceiling of 50.85, with price strength now tracking at the 44.69 level.
A upwards crossover between the 10-day (red), and 25-day (blue) moving averages still remains possible, which could mean future rallies may be incoming.
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