THELOGICALINDIAN - DOGE was already afresh college on Monday as traders bought the badge canicule afterwards a video about the memecoin was aggregate by Elon Musk This came as CAKE was additionally a big mover today aggressive above the 10 mark hitting a multimonth aerial in the process
Dogecoin (DOGE)
DOGE rose for a additional after session, as beasts connected to accumulation into the meme-coin, afterward a contempo cheep from Elon Musk.
Following a low of $0.1366 on Sunday, DOGE/USD rallied to a aiguille of $0.1553 in today’s session, as prices were about 6% higher.
Today’s aiguille is the accomplished akin DOGE has traded back February 14, and comes afterward a blemish of the $0.1510 attrition level.
However, this beam has been almost firm, with prices falling from beforehand highs, as the move gradually turns into a apocryphal breakout.
Looking at the chart, DOGE is now trading at $0.1507, and the 14-day RSI indicator additionally hovers beneath its own beam of 65.70.
As a aftereffect of slowing momentum, bears in the bazaar are acceptable anticipating a reversal, and cat-and-mouse for the absolute time to re-enter.
Pancakeswap (CAKE)
Despite crypto markets actuality lower beyond the lath on Monday, there were some notable exceptions, which were able to acceleration higher.
One of these tokens that climbed college was CAKE, which acquired by as abundant as 7% to alpha the week.
CAKE/USD surged to its accomplished akin back January 21 on Monday, as prices hit an intraday aerial of $10.22
The amount of CAKE has surged in the aftermost few weeks, as it bounced from abutment of $5.50 on March 16, to now trading over $10 to activate the ages of April.
Despite these gains, CAKE is still far from its almanac aerial at $27, and with amount backbone currently overbought, we may accept to delay afore aggressive afterpiece to those levels.
The 14-day RSI is currently tracking at 75.95, which is abutting to its accomplished point back aftermost August.
Can CAKE abide to ascend higher, admitting actuality already overbought? Let us apperceive your thoughts in the comments.
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