Dogecoin (DOGE)
Dogecoin (DOGE) reached a new multi-month high on Tuesday, following Twitter’s rebrand to X. Here are the key points:
- DOGE/USD spiked to $0.07811, the highest point since May 6.
- A breakout of the 63.00 zone on the RSI triggered the rally.
- The RSI is currently at 66.66 and may reach a ceiling at 70.00.
- If the RSI reaches 70.00, there is a good chance DOGE will reach $0.08000.
Avalanche (AVAX)
Avalanche (AVAX) rebounded after Monday’s decline. Here are the key points:
- AVAX/USD rose to $13.38, recovering from a low of $12.92.
- The token approached a support level at $12.90 but didn’t break out.
- Price strength held firm at 44.00 on the support point.
- Momentum remains bearish, with the 10-day moving average nearing a downwards crossover with the 25-day moving average.
Hot Take
Both Dogecoin and Avalanche have experienced positive movements in their prices. DOGE’s rally was triggered by Twitter’s rebranding, while AVAX rebounded after a decline. However, both cryptocurrencies face challenges, with DOGE needing to break the $0.08000 mark and AVAX’s momentum remaining bearish. As always, it’s important to closely monitor these assets to make informed investment decisions.
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