{"id":17021,"date":"2023-01-28T15:15:37","date_gmt":"2023-01-28T15:15:37","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/doge-up-to-6-week-high-as-avax-jumps-13-on-saturday-market-updates-bitcoin-news\/"},"modified":"2023-01-28T15:15:37","modified_gmt":"2023-01-28T15:15:37","slug":"doge-up-to-6-week-high-as-avax-jumps-13-on-saturday-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/doge-up-to-6-week-high-as-avax-jumps-13-on-saturday-market-updates-bitcoin-news\/","title":{"rendered":"DOGE up to 6-Week High, as AVAX Jumps 13% on Saturday \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Dogecoin rose to a six-week high on Saturday, as prices rose above a key resistance level to start the weekend. The meme coin climbed to its strongest point since December, as the global crypto market cap was mostly in the green in today\u2019s session. Avalanche also surged today, hitting its strongest point since August.<\/strong><\/p>\n

Dogecoin (DOGE)<\/h2>\n

Dogecoin (DOGE) was one of Saturday\u2019s most notable movers, as prices rose to their highest point in six weeks.<\/p>\n

Following a low of $0.08507 on Friday, DOGE\/USD rallied to an intraday peak of $0.09297 earlier in the day.<\/p>\n

As a result of this, dogecoin moved to its strongest point since December 13, which is the last time prices were trading at a resistance level of $0.0930.<\/p>\n

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DOGE\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Looking at the chart, the move took place as the 14-day relative strength index (RSI) edged closer to a ceiling at 61.00.<\/p>\n

As of writing, the index is tracking at 59.96, with DOGE trading below earlier highs at a reading of $0.08808.<\/p>\n

Should DOGE bulls push price strength past the 61.00 mark, it is likely that prices will break out of today\u2019s ceiling at $0.0930.<\/p>\n

Avalanche (AVAX)<\/h2>\n

Avalanche (AVAX) surged by as much as 14% higher to start the weekend, as prices raced past a long-term point of resistance.<\/p>\n

AVAX\/USD jumped to a high of $21.68 earlier in the day, which comes less than a day after falling to a low of $17.83.<\/p>\n

Today\u2019s rally has seen avalanche rise to its highest level since August 26, cementing a five-month high in the process.<\/p>\n

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AVAX\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Earlier gains have already begun to fade, with previous bulls seemingly opting to close positions and secure profits.<\/p>\n

This decline has resulted in the RSI finding its floor, with price strength now tracking at 70.35, which is marginally above its support at 70.00.<\/p>\n

Should this decline continue, it is a strong possibility that AVAX could fall towards a floor at $18.50.<\/p>\n

Register your email here to get weekly price analysis updates sent to your inbox:<\/em><\/p>\n

What has been behind today\u2019s surge in dogecoin and avalanche? Let us know your thoughts in the comments.<\/strong><\/em><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

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