QNT Nears 6-Month High, DOGE Extends Recent Gains – Market Updates Bitcoin News
Quant moved near a six-month high on Saturday as the token remained in the green for a second straight session. The rally comes as prices are now up over 25% over the past seven days. Dogecoin was also in the green, as prices moved higher for the third day in a row.
Quant (QNT)
Quant (QNT) was one of the notable winners to start the weekend, as prices moved closer to six-month highs.
QNT/USD rallied to an intraday high of $146.52 on Saturday, less than a day after trading at a low of $138.40.
Today’s high was marginally below Friday’s high of $147.00, which is the strongest point the quant has hit since March 29.
Looking at the chart, the move comes as the relative strength index (RSI) broke out of a ceiling of 73.00.
At the time of writing, the index is trading at 75.81, which is deep in overbought territory and could act as a signal for bears to re-enter the market.
The 10-day (red) moving average continues to remain higher, but bulls are likely to start considering securing gains and taking profits.
Dogecoin (DOGE)
Another notable mover in today’s session was dogecoin (DOGE), which rose for a third session in a row.
After a low of $0.05996 on Friday, DOGE/USD rose to an intraday high of $0.06281 on Saturday.
Today’s rally in DOGE sees prices climb to their highest point in the last four days, and the value looks set to head towards a resistance point at $0.0640.
However, previous gains have somewhat diminished after a collision with a ceiling on the RSI indicator.
The index is currently trading below a ceiling of 50.40, which comes as market uncertainty increases as the day progresses.
Ultimately, as with QNT, if traders intend to take prices higher this weekend, the first order of business will be to move beyond current resistance points.
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Will we see dogecoin reach $0.070 in October? Let us know your thoughts in the comments.
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