Biggest Movers: DOGE Climbs Following Spacex News, XTZ Rebounds From Recent Losses

DOGE roseate connected Saturday, pursuing yesterday’s tweets from Elon Musk confirming that Spacex could soon judge the memecoin arsenic a outgo enactment for merch. Tezos was besides higher to commencement the weekend, arsenic it roseate by astir 5%.

Dogecoin (DOGE)

DOGE was 1 of the astir notable movers successful crypto markets connected Saturday, coming arsenic traders continued to bargain the memecoin pursuing a caller tweet from Elon Musk.

As we covered yesterday, Musk stated that Spacex merch volition soon beryllium disposable to acquisition utilizing DOGE.

DOGE/USD deed an intraday highest of $0.08538 connected the news, pushing prices to an 11-day precocious successful the process.

DOGE/USD – Daily Chart

This determination saw the memecoin hover marginally beneath its absorption of $0.08500, nevertheless arsenic traders moved successful to unafraid profits, immoderate of these earlier gains were lost.

As of penning this, DOGE is present trading astatine $0.08124, which is adjacent to its caller enactment level of $0.08080.

Price spot inactive remains elevated contempt the surge easing, with the RSI hovering supra its absorption astatine 35.5.

Tezos (XTZ)

Following 2 consecutive sessions of declines, XTZ rebounded connected Saturday, arsenic prices moved towards a short-term absorption point.

XTZ went from trading supra $2.25 connected Thursday, to falling to $1.75 during yesterday’s session. However, bulls person since re-entered, with prices present consolidating.

On Saturday, XTZ/USD deed an intraday highest of $1.94, which is marginally beneath an interim absorption level astatine $1.95.

XTZ/USD – Daily Chart

Bulls are apt looking to recapture the $2.00 level, nevertheless successful bid to bash so, determination are immoderate obstacles to overcome.

One of the main ones being the 44.80 ceiling connected the 14-day RSI, which has been breached erstwhile successful the past 2 months.

However, should this break, we volition apt spot an influx of bulls taking prices backmost to the $2.25 level, but if specified a breakout fails, we could spot a determination person to enactment of $1.65.

Could Tezos interruption into the $2.00 level this weekend? Let america cognize your thoughts successful the comments.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This nonfiction is for informational purposes only. It is not a nonstop connection oregon solicitation of an connection to bargain oregon sell, oregon a proposal oregon endorsement of immoderate products, services, oregon companies. Bitcoin.com does not supply investment, tax, legal, oregon accounting advice. Neither the institution nor the writer is responsible, straight oregon indirectly, for immoderate harm oregon nonaccomplishment caused oregon alleged to beryllium caused by oregon successful transportation with the usage of oregon reliance connected immoderate content, goods oregon services mentioned successful this article.