{"id":19957,"date":"2023-04-17T22:09:28","date_gmt":"2023-04-17T22:09:28","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/doge-jumps-6-avax-hits-2-month-high-on-monday-market-updates-bitcoin-news\/"},"modified":"2023-04-17T22:09:28","modified_gmt":"2023-04-17T22:09:28","slug":"doge-jumps-6-avax-hits-2-month-high-on-monday-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/doge-jumps-6-avax-hits-2-month-high-on-monday-market-updates-bitcoin-news\/","title":{"rendered":"DOGE Jumps 6%, AVAX Hits 2-Month High on Monday \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Dogecoin rose by over 6% to start the week, as prices moved back towards a key resistance level. The meme coin moved higher for a fifth straight session, despite the cryptocurrency market falling by 1.54% as of writing. Avalanche also climbed, hitting a two-month high.<\/strong><\/p>\n

Dogecoin (DOGE)<\/h2>\n

Dogecoin (DOGE) rose by as much as 6% on Monday, as prices surged for a fifth consecutive session.<\/p>\n

Following a low of $0.08858 on Sunday, DOGE\/USD raced to an intraday peak of $0.0946 earlier in today\u2019s session.<\/p>\n

The move saw dogecoin close in on a key resistance at the $0.0960 level, which was last hit on April 5.<\/p>\n

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

Looking at the chart, one of the catalysts of today\u2019s surge in price was a breakout that occurred on the relative strength index (RSI).<\/p>\n

At the time of writing, price strength has moved beyond a ceiling at the 61.00 mark, and is tracking at 62.87<\/p>\n

An upcoming wall at 65.00 could be a hurdle for current bulls. However, should they overcome this, there is a good chance that DOGE moves back above $0.1000.<\/p>\n

Avalanche (AVAX)<\/h2>\n

In addition to DOGE, avalanche (AVAX), was another notable gainer in the market to start the week.<\/p>\n

AVAX\/USD climbed to an intraday high of $21.011 on Monday, following a low of $19.04 during Sunday\u2019s session.<\/p>\n

As a result of Monday\u2019s surge in price, avalanche has hit its highest point since Feb. 22.<\/p>\n

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

This has resulted in the token briefly breaking out of a point of resistance at $20.90, however gains have since slipped.<\/p>\n

It appears that momentum was caught short following the RSI colliding with its own ceiling at the 73.00 mark.<\/p>\n

Although the index is now tracking at 73.17, earlier bulls seem to be more tentative, and are moving to secure gains.<\/p>\n

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

Can avalanche move above $22.00 in the coming week? Let us know your thoughts in the comments.<\/strong><\/em><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on 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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