Dogecoin moved closer to a key support level on Friday, as the meme coin slipped for a second straight session. Today’s decline comes as the global crypto market cap edged lower, falling 0.77% lower as of writing. Toncoin was on the other side of the spectrum, hitting a one-week high.
Dogecoin closed in on a collision with a key price floor on Friday, as the meme coin fell for a second straight day.
DOGE/USD dropped to a low of $0.0619 earlier in today’s session, following a high of $0.06308 the day prior.
As a result, dogecoin was a stone’s throw away from a support point at the $0.06000 mark.
This turn in sentiment comes after the price was unable to break out of a resistance level of $0.06500 on Wednesday.
The relative strength index (RSI) also failed to breach a ceiling of its own at 36.00, and is now tracking at 33.37.
Should this decline continue, bears will likely look to exit once the index reaches a floor around 32.00.
On the other hand, toncoin (TON) was mostly in the green during today’s session, as price remained near a one-week high.
Following a low of $1.40 on Thursday, TON/USD peaked at $1.44 earlier in the day, its highest point since last Thursday.
The move saw the token near a resistance level of $1.50, a point which was last hit on August 16.
Sentiment has somewhat shifted as the day progressed, as a result of the RSI hitting a ceiling of 58.00.
Currently, price strength is tracking at 54.44, and seems to be heading towards a floor around the 50.00 region.
In the event this target is reached, TON will likely move below $1.20.
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Will momentum continue to trend lower this weekend? Let us know your thoughts in the comments.