DOGE rallies, as memecoin rebounds from recent 2-month low.
Dogecoin rebounded from Wednesday’s decline, as the meme coin moved away from a key support level. Prices have been hovering close to a two-month low in recent days, with today’s surge bringing optimism to remaining bulls. Litecoin was also higher, as the token remained close to a one-week high.Following a low of $0.07283 on Wednesday, DOGE/USD raced to an intraday peak of $0.07736 earlier in today’s session.
The move comes as prices rallied, following a recent collision with a support point at the $0.0715 level.As can be seen from the chart, today’s move comes as the 14-day relative strength index raced to a ceiling of 40.00. Since this time, earlier gains have somewhat faded, with the meme coin trading at $0.07657 as of writing.
Should price strength manage to climb above this threshold, then DOGE could rally to a ceiling near $0.0800.
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