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.
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.
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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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