AVAX Hits 1-Month High, DOGE Maintains Bullish Momentum – Market Updates Bitcoin News

Avalanche rallied to a four-week excessive on Friday, as costs moved near a key resistance stage. The token hit a ceiling of $17.70 earlier in at this time’s session, which comes following a number of days of features. Dogecoin additionally maintained current sentiment, as costs climbed for a fourth straight day.

Avalanche (AVAX)

Avalanche (AVAX) rose to a one-month excessive on Friday, closing in on a key resistance stage within the course of.

Following a low of $16.83 on Thursday, AVAX/USD made a transfer to a peak of $17.70 earlier in at this time’s session.

This surge in worth sees AVAX hit its highest level since September 27, when the token was buying and selling at a excessive of $18.47.

AVAX/USD – Daily Chart

Looking on the chart, costs have marginally decreased from the sooner peak, and as of writing the asset is buying and selling at $17.67.

The uncertainty in worth motion comes even if the 14-day relative energy index (RSI) moved previous its ceiling of 60.00.

The index is presently monitoring at 60.76, which is its strongest level since August 14.

Dogecoin (DOGE)

For a fourth consecutive day dogecoin (DOGE) has climbed increased, with the token now approaching a recent multi-month excessive

Today’s transfer, which noticed DOGE/USD hit a peak of $0.0854, has pushed the meme coin into the cryptocurrency prime ten.

As a results of Friday’s 10% achieve, costs are actually at their strongest level since August 17, with the RSI additionally increased.

Biggest Movers: AVAX Hits 1-Month High, DOGE Maintains Bullish Momentum

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DOGE/USD – Daily Chart

Looking on the chart, the index is now monitoring at 84.58, which is its highest level in over a year.

Overall, worth is now deep in overbought territory, which may very well be a optimistic for bears trying to quick the token.

Despite this, momentum of the 10-day (pink), and 25-day (blue) transferring averages stays excessive, which some see as an indication of additional upcoming rallies.

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How excessive do you anticipate dogecoin to climb this weekend? Let us know your ideas within the feedback.

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Eliman Dambell

Eliman brings an eclectic viewpoint to market evaluation, he was beforehand a brokerage director and retail buying and selling educator. Currently, he acts as a commentator throughout varied asset lessons, together with Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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