Biggest Movers: DOGE Snaps Losing Streak as SOL Hits Fresh 6-Week High 
Dogecoin snapped a two-day losing streak on Thursday, as sentiment in crypto markets remained bullish. The meme coin moved to a one-week high, moving away from a key price floor in the process. Solana rose for a fifth straight session.
Dogecoin (DOGE)
Dogecoin (DOGE) ended a two-day losing streak in today’s session, as prices rose by over 5% on Thursday.
Following a low of $0.0821 on Wednesday, DOGE/USD raced to a peak of $0.08838 earlier in today’s session.
As a result of the move, the meme coin continued to to move away from a key level of support at $0.0810.
DOGE/USD – Daily Chart
From the chart, it appears that today’s surge came as the relative strength index (RSI) broke out of a ceiling at 55.00.
Currently, price strength is tracking at the 56.65 level, with a resistance of 60.00 a possible target for bulls.
Should this target be hit, there is a strong possibility that DOGE will be above $0.09000.
Solana (SOL)
Solana (SOL) was once again in the green, as the token rose higher for a fifth straight session.
SOL/USD moved to an intraday high of $25.24 earlier in today’s session, which comes a day after the price was at a low of $23.43.
This jump in price sent solana to its highest point since February 21, and closer to a key resistance level at $26.00.
SOL/USD – Daily Chart
Overall, recent gains have pushed the RSI deep into overbought territory, with the index currently tracking at 69.27.
This level is marginally below an upcoming ceiling at 70.00, which has already acted as a hurdle for earlier bulls.
At the time of writing, SOL is currently trading at $25.00, which is relatively lower than its earlier peak.
Register your email here to get weekly price analysis updates sent to your inbox: Tags in this story Analysis, Doge, dogecoin, SOL, Solana
Do you expect solana to climb for a sixth day on Friday? Let us know your thoughts in the comments.
Eliman Dambell
Bitcoin, Ethereum Technical Analysis: ETH Hits $2,000 Following Shapella Upgrade MARKET UPDATES | 3 hours ago 
Biggest Movers: SOL Hits 6-Week High, Following US Inflation Data MARKET UPDATES | 1 day ago
Image Credits: Shutterstock, Pixabay, Wiki Commons
Previous article
OKX to Power Web3 Innovation as a Sponsor of Consensus 2023-Affiliated Hackathon ‘Web3athon’
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.
Read disclaimerShow comments
More Popular News
In Case You Missed It
NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales
Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. Out of 15 blockchains, Polygon-based NFT sales saw the largest increase in volume, jumping 106.68% … read more.
Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms Ethereum Foundation’s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether Terra’s Algorithmic Dollar-Pegged Crypto UST Is Now the Third-Largest Stablecoin