Dogecoin moved to a three-month high on Tuesday as the token’s price rose over 15%. Today’s move comes despite crypto markets largely falling, with global market capitalization down 0.21% at the time of writing; Monero also rose, hitting a multi-month high in the process.
Doji Coin (DOGE)
(Doji) (Doji
Less than 24 hours after Shibainu hit a three-month high, the same meme coin, Doji Coin (DOGE) also hit a 12-week high.
The token surged to an intraday peak of $0.08848 in today’s session after yesterday’s low of $0.07571.
This is the highest price DOGE/USD has recorded since May 18 and occurred after a breakout of a key resistance point.
The chart shows that this ceiling is the $0.0753 point that was last broken after the false breakout on July 20.
As a result, the Relative Strength Index (RSI) is currently at 72.20, which is its strongest reading since April.
Finally, it appears that the bulls are trying to retake the $0.1000 level last hit on May 11.
To approach this, price strength would need to break out of the current ceiling of 73.
Monero (XMR)
In addition to DOGE, Monero (XMR) also made a big move in today’s session, rising to its highest level in over two months.
XMR/(XMR) Bulls moved above the $168.20 resistance level in today’s session, rising to a high of $174.11.
XMR hit its highest level since June 11 and the RSI bounced from a recent support point.
The chart shows this point at 55.60, with the index showing 59.32 since the earlier price surge.
This is just below the 60.85 resistance level, and with the RSI close to this volatile point, previous bulls have moved to close some of their previous positions.
At the time of writing,XMR72} XMR/USD is trading at $168.74, more than $6 below its previous high.
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