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Biggest Movers: DOGE Races to Highest Point Since May, Following Elon Musk Tweet



DOGE Races to Highest Point Since May, Following 10% Gain

Dogecoin was one of the standout gainers during a quiet session, as the meme coin raced to a multi-month high. Prices rose as traders continued to react to a recent tweet from Elon Musk. Another notable gainer was polkadot, which rose nearly 7% higher.

Dogecoin (DOGE)

Dogecoin (DOGE) was a notable mover during Friday’s session, as the meme coin climbed to a multi-month high. This occurred as price continued its reaction to a recent Elon Musk tweet.

Following a low of $0.06855 on Thursday, DOGE/USD surged to an intraday peak of $0.07639 earlier today.

This resulted in dogecoin hitting its strongest point since May 6, when its price peaked above $0.0800.

One of the catalysts behind today’s move was a breakout of the 62.00 level on the relative strength index (RSI).

At the time of writing, the index is now at 64.24, with an upcoming resistance point of 66.00 a possible target for buyers.

Earlier momentum has marginally faded, with DOGE now trading at $0.074.

Polkadot (DOT)

Additionally, polkadot (DOT) also rallied to end the week, as the token rose by as much as 7% in today’s session.

DOT/USD jumped to a high of $5.69 on Friday, which was a day after the price fell to a bottom at $5.15.

As a result of this rally, polkadot peaked at its highest level since last Friday, when it reached a then two-month high of $5.74.

The token edged lower after bulls were unable to extend gains towards a key resistance level of $6.00.

Overall, this appeared to come as price strength failed to surge past its own ceiling at the 60.00 mark.

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At the time of writing, the indicator is now closing in on this point, and in the event it breaks beyond this zone, DOT will likely climb past the $6.00 mark.

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Do you expect polkadot to hit $6.00 this weekend? Let us know your thoughts in the comments.





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