Dogecoin rose by over 6% to start out the week, as costs moved again in direction of a key resistance degree. The meme coin moved greater for a fifth straight session, regardless of the cryptocurrency market falling by 1.54% as of writing. Avalanche additionally climbed, hitting a two-month excessive.
Dogecoin (DOGE)
Dogecoin (DOGE) rose by as a lot as 6% on Monday, as costs surged for a fifth consecutive session.
Following a low of $0.08858 on Sunday, DOGE/USD raced to an intraday peak of $0.0946 earlier in immediately’s session.
The transfer noticed dogecoin shut in on a key resistance on the $0.0960 degree, which was final hit on April 5.
Wanting on the chart, one of many catalysts of immediately’s surge in value was a breakout that occurred on the relative power index (RSI).
On the time of writing, value power has moved past a ceiling on the 61.00 mark, and is monitoring at 62.87
An upcoming wall at 65.00 could possibly be a hurdle for present bulls. Nevertheless, ought to they overcome this, there’s a good probability that DOGE strikes again above $0.1000.
Avalanche (AVAX)
Along with DOGE, avalanche (AVAX), was one other notable gainer available in the market to start out the week.
AVAX/USD climbed to an intraday excessive of $21.011 on Monday, following a low of $19.04 throughout Sunday’s session.
On account of Monday’s surge in value, avalanche has hit its highest level since Feb. 22.
This has resulted within the token briefly breaking out of a degree of resistance at $20.90, nonetheless positive factors have since slipped.
It seems that momentum was caught brief following the RSI colliding with its personal ceiling on the 73.00 mark.
Though the index is now monitoring at 73.17, earlier bulls appear to be extra tentative, and are shifting to safe positive factors.
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