Dogecoin was doing better on Friday after it dropped the day before. The “meme coin” rose by 5%, which is just as much as what it dropped the day before. Another big winner was Chainlink, whose prices increased by 7%.
Dogecoin is Back Up
Dogecoin (DOGE) is back up today and rose 5%, bouncing back from yesterday. Prices dropped to a really low $0.07007 but quickly jumped up to $0.07579. People bought this drop which then caused its 14-day RSI indicator to break above the 45 mark, meaning good news for DOGE/USD!
Right now, the index is slightly more than 45.52. It looks like there might be a problem ahead at 47.00 which is why some earlier bulls have stopped supporting it.
Reach for the Stars
Today, the price of Сhainlink (LINK) increased by as much as 7%. The LINK/USD exchange rate rose to its maximum today at $7.17 right after falling to a low of $6.57 the day before. On Friday, even though there was an attempt by bears to push past the support point of $6.60, bulls were still able to break through resistance on the Relative Strength Index and this resulted in today’s climb in prices.
Right now, the index is showing a value of 52.71 which is close to 54.00. Some people might think chainlink could reach $7.50 this weekend, however it looks like there are some difficulties that might prevent it from doing so. If you want to receive updates about the price analysis each week, click here and register your email! Do you think it will reach $7.50? Write in your opinion in the comments section below!