DOGE moved higher on Saturday, following comments from Elon Musk.
Speaking in a Twitter Spaces centered around the FTX collapse, Musk was heard saying: “Doge to the moon.” Solana on the other hand extended its declines, falling by over 15%.Dogecoin was one of today’s only gainers, as the token was boosted by comments from Tesla and Twitter CEO Elon Musk.
This surge saw the token climb by as much as 6%, breaking out of a key resistance level of $0.08900 in the process.Speaking in a Twitter Spaces conversation hosted by Mario Nawfal, Musk added, “I think so, don’t bet the farm on DOGE, but I’m working hard on the DOGE.” Currently, the index is tracking at 50.87, with the next visible point of resistance at the 53.00 mark.Solana on the other hand was trading significantly lower, as prices of the token dropped for a second straight session.
Overall, solana is now trading by nearly 60% lower in the past seven days, with some expecting further upcoming declines.Looking at the chart, the downward trend caused by a crossover between the 10-day , and 25-day moving averages has extended.
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