Dogecoin was consolidating in today’s session, following a volatile few days of trading last week. The meme coin rose by nearly 30% last Monday, before losing these gains as the week matured. Shiba inu was largely unchanged.
Dogecoin (DOGE)
Dogecoin (DOGE) moved marginally higher on Monday, as prices began to settle following recent volatility.
Last Monday saw the meme coin jump by nearly 30%, hitting a four-month high in the process.
Since then, prices have fallen lower, with the meme coin hitting a bottom of $0.08204 earlier in today’s session.
DOGE/USD has gone on to reach a peak of $0.08383 on Monday, which came as the relative strength index (RSI) moved closer to a ceiling at 55.00.
At the time of writing, the index is tracking at 52.83, which comes after bulls rejected a breakout below a floor at 51.00.
Should the RSI move towards the 55.00 mark, there is a good chance that DOGE will be trading above $0.0850.
Shiba Inu (SHIB)
Shiba inu (SHIB) was largely unchanged to start the week, as the meme coin continued to consolidate on Monday.
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Author: Eliman Dambell
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