Most Influential: DOGE Ends a Defeatless Streak of 6 Days

Dogecoin’s price increased on Tuesday after recovering off a crucial support level, following six days of trading losses in a row. Despite a general downward trend in the markets, the meme coin managed to post significant gains today. Polygon was also profitable, adding to its recent rise.

Dogecoin (DOGE)

On Tuesday, Dogecoin prices recovered from a recent low, snapping a six-day losing trend.

The DOGE/USD pair rebounded from Monday’s low of $0.06246 to reach an intraday high of $0.06422 earlier today.

The meme coin has just broken out to the upside after finding support at $0.0620, and its bulls are now eyeing a ceiling around $0.0680.

According to the graph, the price increase coincides with the 14-day relative strength index (RSI) rising above 39.00, where it had previously found support.

As of this writing, the index was at 42.66 and was headed towards resistance at 47.00.

If this is breached, look for DOGE to return to the region around $0.07000.

Polygon (MATIC)

The price of Polygon (MATIC) has gone up for four days in a row, and it has followed this trend into today’s session.

On Tuesday, the MATIC/USD reached its highest value of the week at $0.5634, up from the week’s low of $0.5406.

Following the change, polygon achieved its highest peak since last Thursday, when it hit a high of $0.5885.

Overall, MATIC appears to be following a path that could lead it to a significant resistance point at $0.6000 if the current rally continues.

The current RSI reading of 40.08 indicates that there is a ceiling ahead at the 41.00 level that must be broken through.