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 (DOGE)

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.

Toncoin (TON)

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.

Register your email here to get weekly price analysis updates sent to your inbox:

Will momentum continue to trend lower this weekend? Let us know your thoughts in the comments.

Market Updates, Cryptocurrency, Doge, dogecoin, Technical Analysis, ton, ToncoinRead More

You might also be interested in reading Bitcoin retests support, with trader forecasting BTC price dip to $55K.