CAKE REACHES TEN DOLLARS, WHILE DOGE RAISES FOR THE SECOND TIME IN A ROW

DOGE rose on Monday after traders bought the token, only days after Elon Musk published a video promoting the meme-coin. CAKE was also a significant mover today, climbing beyond the $10 barrier and setting a new multi-month high.

Dogecoin is a cryptocurrency that was created in the form of (DOGE)

Following a recent tweet from Elon Musk, bulls continued to push into DOGE for a second consecutive session. DOGE/USD rose to a high of $0.1553 today, about 6% higher, after hitting a low of $0.1366 on Sunday.

Following a breakout of the $0.1510 resistance level, today’s high is the highest level DOGE has traded since February 14. However, when the advance gradually turns into a false breakout, this ceiling has been rather sturdy, with prices retreating from earlier highs.

The 14-day RSI indicator is also hovering below its own ceiling of 65.70, as shown on the chart. DOGE is currently trading at $0.1507.

Bears in the market are likely anticipating a reversal as a result of the market’s decreasing pace, and are waiting for the ideal opportunity to re-enter.

Swapping pancakes is a great way to get some variety into your diet (CAKE)

Despite the fact that crypto markets were mostly negative on Monday, certain prominent exceptions were able to surge higher. CAKE, which rose as much as 7% to start the week, was one of these tokens that climbed higher. On Monday, the CAKE/USD currency pair achieved an intraday high of $10.22, the highest level since January 21.

CAKE’s price has risen dramatically in recent weeks, rising from a low of $5.50 on March 16 to a high of almost $10 as April begins.

Despite these advances, CAKE remains a long way from its all-time high of $27, and with price strength being overbought, we may have to wait before approaching those levels.

The 14-day RSI is currently at 75.95, near its all-time high from August.

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