DOGE confirmed on Saturday after Elon Musk’s tweet yesterday that SpaceX may soon accept Memecoin as a payment option for merch. Tezos was also higher to start the weekend, as it gained almost 5%.
Dogecoin (DOGE)
DOGE was one of the most notable movers in the crypto markets on Saturday, as traders continued to buy Memecoin following Elon Musk’s recent tweet.
As we covered yesterday, Musk said SpaceX Merchant will soon be available for purchase using DOGE.
DOGE/USD hit an intraday peak of $0.08538 on the news, pushing the price to an 11-day high in the process.
The move took Memecoin marginally below the $0.08500 resistance, although traders continued to secure gains, having lost some of these earlier gains.
At the time of writing, DOGE is now trading at $0.08124, close to its recent support at $0.08080.
The price remains strong despite the easing of the upside, with the RSI hovering above its resistance at 35.5.
Tezos (XTZ)
After two consecutive sessions of decline, XTZ rebounded on Saturday as the price headed towards a short-term resistance point.
XTZ declined to $1.75 during yesterday’s session from trading above $2.25 on Thursday. However, the bulls have now re-entered with the price firming up.
On Saturday, XTZ/USD hit an intraday peak of $1.94, slightly below an interim resistance at $1.95.
The bulls might want to retest the $2.00 level, but in order to do so, there are a few hurdles to overcome.
One of the main ones is the 44.80 range on the 14-day RSI, which has been broken once in the past two months.
However, if it breaks, we will see an influx of bulls taking it back to the $2.25 level, but if such a breakout fails, we could see a move closer to the $1.65 support.
Can Tezos break the $2.00 level this weekend? Let us know your thoughts in the comments.
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