DOGE Climbs After Spacex News, XTZ Rebounds From Recent Losses – Bitcoin Planet Market News

DOGE rose on Saturday, following Elon Musk’s tweets yesterday confirming that Spacex may soon accept memecoin as a payment option for merch. Tezos was also higher to start the weekend, as it rose almost 5%.

Dogecoin (DOGE)

DOGE was one of the most notable performers in the crypto markets on Saturday, as traders continued to buy memecoin following a recent tweet from Elon Musk.

As we covered yesterday, Musk said that Spacex merch will soon be available for purchase using DOGE.

DOGE/USD hit an intraday high of $0.08538 on the news, pushing prices to an 11-day high in the process.

Biggest Movers: DOGE Climbs After Spacex News, XTZ Rebounds From Recent Losses
DOGE/USD – Daily Chart

The move saw memecoin hover slightly below its resistance of $0.08500, but as traders moved in to secure their profits, some of those earlier gains were lost.

As of this writing, DOGE is now trading at $0.08124, which is close to its recent support level of $0.08080.

Price strength remains high despite the surge easing, with the RSI hovering above its resistance at 35.5.

Tezos (XTZ)

After two consecutive sessions of declines, XTZ rebounded on Saturday as prices headed towards a near-term resistance point.

XTZ fell from over $2.25 on Thursday to $1.75 in yesterday’s session. However, the bulls have since returned with prices now consolidating.

On Saturday, XTZ/USD hit an intraday high of $1.94, which is slightly below an intermediate resistance level at $1.95.

Biggest Movers: DOGE Climbs After Spacex News, XTZ Rebounds From Recent Losses
XTZ/USD – Daily Chart

The bulls are likely looking to regain the $2.00 level, but to do so there are a few hurdles to overcome.

One of the main ones being the ceiling of 44.80 on the 14-day RSI, which has been breached once in the past two months.

However, if this breakout occurs, we will likely see an influx of bulls bringing prices back to the $2.25 level, but if such a breakout fails, we could see a move towards the $1.65 support.

Could Tezos hit the $2.00 level this weekend? Let us know your thoughts in the comments.

Eliman Dambell

Eliman brings an eclectic perspective to market analysis, having worked as a brokerage manager, retail educator, and market commentator in crypto, stocks, and FX.




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