Dogecoin climbed to its three-month peak on Tuesday after prices rose more than 15%. Today’s move comes despite crypto markets mainly falling, with the global market cap 0.21% lower as of writing. Monero also rose, reaching a multimonth high.
Dogecoin (DOGE).
Within 24 hours of shiba Inu reaching a new three-month peak, DOGE (the meme coin) reached a 12-week high.
The token surged to an intraday peak of $0.08848 in today’s session, which comes after yesterday’s low of $0.07571.
This marks the highest level that DOGE/USD have reached since May 18, following the breakout of key resistance points.
The chart shows that this ceiling is $0.0753. It was reached on July 20, following a false breakout.
The relative strength index (RSI), which has been tracking at 72.20 since April, is seeing its strongest reading.
Bulls appear to be trying to reclaim the $0.1000 level that was reached last May 11.
This will be possible if price strength breaks through the current ceiling of $73 in order to get closer.
Monero (XMR)
In addition to DOGE, monero (XMR) was another big mover in today’s session, with it climbing to its highest point in over two months.
XMR/USD rallied to a high of $174.11 earlier in today’s session, as bulls moved past a resistance level of $168.20.
Today’s peak sees XMR hit its highest level since June 11, and comes as the RSI bounced from its recent support point.
This chart shows the point at 55.60. The index has risen to 59.32 since then.
This level is just marginally lower than the 60.85 resistance. The RSI has been close to this point, so earlier bulls may have closed some positions.
As at writing, XMR/USD was trading at $168.74. That’s $6 more than the previous high.
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