Doge rises to 6-week high, as Avax increases by 13 % on Saturday-market tactualizations

Dogecoin rose to a six-week high on Saturday when prices rose over an important level of resistance at the beginning of the weekend. The Mem Coin has been climbing to its strongest point since December, since the global crypto market capitalization was largely in the green in today's meeting. The avalanche has still risen sharply today and has reached its strongest point since August.

Dogecoins (Doge)

Dogecoin (Doge) was one of the most remarkable movements on Saturday when the prices rose to the highest level for six weeks.

After a low of $ 0.08507 on Friday, Doge/USD recovered earlier a day to an intraday high of $ 0.09297.

If you look at the diagram, the movement took place when the 14-day relative strength index (RSI) approached an upper limit of 61.00

At the moment, the index is 59.96, whereby Doge is $ 0.08808 under previous highs.

If the Doge bulls should drive the price strength beyond the 61.00 mark, it is likely that prices will break through the current upper limit of $ 0.0930.

avast (Avax)

avalanche (Avax) climbed up to 14 %at the beginning of the weekend when the courses grip past long -term resistance.

AVAX/USD used to jump to a high of $ 21.68, which is less than a day after the crash to a low of $ 17.83.

In today's rally, the avalanche rose to the highest level since August 26 and cemented a five -month high.

Earlier profits have already started to fade, with previous bulls apparently decided to close positions and secure profits.

This decline has led to the RSI found its floor, the price strength is now 70.35, which is slightly above its support at 70.00.

If this decline continues, it is very likely that Avax could fall on a floor at $ 18.50.

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What is behind today's increase in Dogecoin and Avalanche? 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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