AVAX by 22 % higher because Dot approaches the 1-month high-market tactualizations

Avalanche was one of the big winners on Thursday, since the token rose by up to 22 % in today's session. The step took place when inflation in the United States fell to 6.5 % as expected. Polkadot was another remarkable climber, whose prices climbed onto a four-week high.

avast (Avax)

avalanche (AVAX) rose by up to 22 %in today's session, since cryptocurrencies reacted to the latest US inflation report.

AVAX/USD used to reach a maximum of $ 16.11, which is reached less than 24 hours after the case on a low of $ 12.41.

The price increase on Thursday, the avalanche has been up to the highest level since November 8, when the price reached a maximum of $ 18.15.

If you look at the diagram, previous profits have weakened a bit, whereby Avax is now trading at $ 15.18.

This happened because the 14-day relative strength index (RSI) could not break the resistance at 80.00.

At the moment, the index is now 69.94, which is still deep in the overbought area.

polkadot (point)

Polkadot (DOT) was another big winner in today's meeting, whereby the prices approached a four-week high.

After a low of $ 4.84, the DOT/USD managed to achieve an intraaday high of $ 5.16 on Thursday.

As a result of this movement, Dot broke out of an important level of resistance of $ 5.15 and reached its strongest point since December 16.

As can be seen from the chart, the 14-day RSI has not moved beyond its long-term upper limit of 68.00 and has fallen deeper since then.

The price strength is now 63.10, whereby the dot has decreased from its earlier maximum and the asset is traded at $ 5.09.

So that the token can move further up, there must first be a rally over its point of 68.00 at the RSI.

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will we see a reversal at Polkadot? Share your thoughts in the comments.

Eliman Damell

Eliman brings an eclectic point of view to the market analysis. Previously, he was a brokerage director and online trading instructor. He currently acts as a commentator for various investment classes, including crypto, stocks and foreign exchange, and is also the founder of a startup.

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