Dogecoin was once again in the red on Friday, as Twitter finally removed the Doge icon as its logo. The meme coin hit a four-month high earlier in the week after the social media giant unexpectedly added a cartoon image of Doge to its website. Overall, crypto markets were mostly lower, with xrp being a notable exception.
Dogecoin (DOGE)
Dogecoin (DOGE) fell for the fourth session in a row on Friday, as Twitter finally removed the Doge icon as its logo.
DOGE/USD rose to a high of $0.1048 on Tuesday, however as sentiment turned the meme coin fell to a low of $0.08185 earlier today.
The bears seem to be pushing Doge towards a long-term floor at $0.0780, with prices down almost 9% today.
Looking at the chart, the latest drop in price coincided with the 14-day RSI dipping below support at 55.00.
Currently, price strength is at the 52.85 mark, with a lower floor at 50.00 as a possible target for sellers.
Despite the recent downtrend, the 10-day moving average (red) continues to trend up.
Despite the cryptocurrency market capitalization trading mostly lower on Friday, XRPformerly Ripple, was a notable exception.
After a low of $0.4968 the day before, XRP/USD moved to a high of $0.5129 today.
As a result of the move, the bulls pushed the token away from a recent support point at the $0.4950 mark.
This occurs when the RSI also moved away from a low of its own at 59.00. It is currently tracking at 61.17.
If this momentum continues through the Easter weekend, the next visible top will be at the 65.00 mark.
If it gets to this point, there’s a good chance that XRP will trade above $0.5200.
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Do you expect xrp to move above $0.5200 this weekend? Let us know your thoughts in the comments.
image credits: Shutterstock, Pixabay, Wiki Commons
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