Biggest Movers: DOGE Down 8% as Twitter Removes Logo – Market Updates Bitcoin News
Dogecoin was once again in the red on Friday, when Twitter finally removed the doge icon as its logo. The meme coin soared to a four-month high earlier this week, after the social media giant unexpectedly added a cartoon image of the doge to its website. Overall, crypto markets were mostly lower, with xrp being a notable exception.
Dogecoin (DOGE)
Dogecoin (DOGE) fell for a 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, but as sentiment changed, the meme coin fell to a low of $0.08185 earlier today.
Bears appear to be pushing the doge towards a long-term floor of $0.0780, with prices down nearly 9% today.
Looking at the chart, the latest price drop coincided with the 14-day relative strength index (RSI) falling below support at 55.00.
Currently, price strength at 52.85 follows, with a lower floor of 50.00 a possible target for sellers.
Despite the recent downtrend, the 10-day (red) moving average continues to trend higher.
Despite the cryptocurrency market cap being mostly lower on Friday, XRP, formerly Ripple, was a notable exception.
After a low of $0.4968 the previous day, XRP/USD moved to a high of $0.5129 earlier today.
As a result of the move, bulls pushed the token away from a recent support point at the $0.4950 mark.
This comes as the RSI also moved away from a floor of its own at 59.00. It is currently tracking at 61.17.
Should this momentum continue into the Easter weekend, the next visible ceiling will be at 65.00.
If this point is reached, there is a good chance that XRP will trade above $0.5200.
Register your email here to get weekly price analysis updates delivered to your inbox:
Do you expect xrp to move above $0.5200 this weekend? Let us know your thoughts in the comments.
Image credit: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or an endorsement or recommendation of 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 content, goods or services mentioned in this article.
