DOGE rose on Saturday, following yesterday’s tweets from Elon Musk confirming that Spacex could soon accept the memecoin as a payment option for merch. Tezos was also higher to start the weekend, as it rose by nearly 5%.
DOGE was one of the most notable movers in crypto markets on Saturday, coming as traders continued to buy the memecoin following a recent tweet from Elon Musk.
As we covered yesterday, Musk stated that Spacex merch will soon be available to purchase using DOGE.
DOGE/USD hit an intraday peak of $0.08538 on the news, pushing prices to an 11-day high in the process.
DOGE/USD – Daily Chart
This move saw the memecoin hover marginally below its resistance of $0.08500, however as traders moved in to secure profits, some of these earlier gains were lost.
As of writing this, DOGE is now trading at $0.08124, which is close to its recent support level of $0.08080.
Price strength still remains elevated despite the surge easing, with the RSI hovering above its resistance at 35.5.
Following two consecutive sessions of declines, XTZ rebounded on Saturday, as prices moved towards a short-term resistance point.
On Saturday, XTZ/USD hit an intraday peak of $1.94, which is marginally below an interim resistance level at $1.95.
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