Dogecoin shifted to a three-month high on Tuesday, as the token prices were up by more than 15%. Today’s move comes in spite of crypto markets mainly witnessing a downfall, with the worldwide market cap 0.21% lower as of writing. Monero was also up, touching a multi-month high in the procedure.
Within 24 hours of Shiba Inu nearing a fresh three-month high, its fellow meme coin dogecoin (DOGE) also touched a twelve-week peak. The token rose to an intraday high of $0.08848 in today’s session, after yesterday’s low of $0.07571. This is the top-level DOGE/USD that has touched since May 18 and comes after a breakout of a key resistance point.
Taking a glimpse at the chart, this ceiling is the $0.0753 point, which was last broken on July 20 after a false breakout. As a result, the relative strength index (RSI) is now running at 72.20, its most vital reading since April. And so, bulls seem to be attempting to recapture the $0.1000 level that was touched last on May 11. As a step to move closer to this, price strength will need to break out of its current ceiling of 73.
In addition to DOGE, Monero (XMR) was another big mover in the session today, climbing to its highest point in over two months. XMR/USD leapt to a high of $174.11 earlier in the session today, as bulls moved across a level of resistance of $168.20. Today’s high witnesses XMR hit its peak level since June 11, alongside the RSI bounced from its recent support point.
Taking another glimpse at the chart, this point is at the 55.60 mark, and since the earlier surge in price, the index is presently at a reading of 59.32. This is marginally under a resistance level of 60.85, and because the RSI is close to this point of uncertainty, earlier bulls have shifted to close some of their positions before. As in writing, XMR/USD is trading at $168.74, which is over $6 lesser than the high before.
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