Biggest Movers: DOGE Hits 1-Week High as Prices Rebound on Tuesday

Dogecoin roseate to a one-week precocious connected Tuesday, arsenic the meme coin rebounded from caller losses. The token roseate by arsenic overmuch arsenic 3% earlier successful today’s session, moving distant from a caller constituent of enactment successful the process. Monero was besides higher, arsenic bulls pushed it person to a cardinal absorption level.

Dogecoin (DOGE)

Dogecoin (DOGE) was trading higher during Tuesday’s session, arsenic bullish sentiment returned to the market.

Earlier successful today’s session, DOGE/USD raced to an intraday precocious of $0.06098, which comes little than 24 hours aft trading astatine a debased of $0.05907.

Today’s surge saw DOGE determination distant from a caller terms level of $0.0585, wherever it has mostly consolidated since precocious September.

DOGE/USD – Daily Chart

Looking astatine the chart, 1 of the triggers of this emergence successful terms was a breakout which took spot connected the 14-day comparative spot scale (RSI).

The scale moved past its caller ceiling of 50.00, which has been successful spot since October 9, and it is present tracking astatine 51.19.

It besides appears that the 10-day (red) and 25-day (blue) moving averages could transverse over, which whitethorn besides trigger further upward movement.

Monero (XMR)

In summation to dogecoin, monero (XMR) moved higher connected Tuesday, arsenic prices headed towards a semipermanent absorption level.

Following a debased of $142.15 connected Monday, XMR/USD raced to a highest of $144.79 earlier successful today’s session.

This summation successful terms sees the token proceed to determination distant from a level of $139.40, and it present looks to beryllium heading to a ceiling of $147.00.

XMR/USD – Daily Chart

However, bulls targeting this constituent whitethorn find difficulty, arsenic terms spot appears to beryllium hovering adjacent a constituent of resistance.

The RSI is presently tracking astatine 50.16, which is marginally beneath a ceiling of 51.00, which was past decently breached successful mid-September.

Should this threshold beryllium passed, we volition apt spot traders effort to instrumentality the token to a higher ceiling of $153.00.

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Are determination immoderate unsocial fundamentals down today’s gains? Let america cognize your thoughts successful the comments.

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