analysis, doge, dogecoin, monero

Dogecoin moved to a three-month high on Tuesday, as prices of the token were up by over 15%. Today’s move comes despite crypto markets mainly falling, with the global market cap 0.21% lower as of writing. Monero was also up, hitting a multi-month high in the process.

Dogecoin (DOGE)

Less than 24 hours after shiba inu neared a fresh three-month high, its fellow meme coin dogecoin (DOGE), also hit a twelve-week peak.

The token surged to an intraday peak of $0.08848 in today’s session, which comes after yesterday’s low of $0.07571.

This is the highest level DOGE/USD has hit since May 18, and comes following a breakout of a key resistance point.

analysis, doge, dogecoin, monero

DOGE/USD – Daily Chart

Looking at the chart, this ceiling is the $0.0753 point, which was last broken on July 20, after a false breakout.

As a result of this, the relative strength index (RSI) is now tracking at 72.20, which is its strongest reading since April.

Ultimately, bulls seem to be attempting to recapture the $0.1000 level, which was last hit on May 11.

In order to move closer to this, price strength will need to break out of its current ceiling of 73.

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.

analysis, doge, dogecoin, monero

XMR/USD – Daily Chart

Looking at the chart, this point is at the 55.60 mark, and since the earlier price surge, the index is now at a reading of 59.32.

This is marginally below a resistance level of 60.85, and due to the RSI being close to this point of uncertainty, earlier bulls have moved to close some of their previous positions.

As of writing, XMR/USD is trading at $168.74, which is over $6 lower than the earlier high.

Register your email here to get weekly price analysis updates sent to your inbox:

Do you expect monero to stay above its $168.20 resistance level this week? Let us know your thoughts in the comments.

NEWS RELATED

JPMorgan: Demand for Crypto as Payment Method Has Drastically Declined

Global investment bank JPMorgan is seeing little demand for crypto as a payment method. However, the bank noted that cryptocurrencies are becoming “larger and larger” in the gaming sector, including in the metaverse. JPMorgan Sees Little Demand for Crypto as a Payment Tool The global head of payments for ...

View more: JPMorgan: Demand for Crypto as Payment Method Has Drastically Declined

Robert Kiyosaki Says End of Fake Money Is Here — Shares 3 Lessons to Help Investors Amid Market Crashes

After predicting the biggest crash in world history, Robert Kiyosaki, the famous author of the best-selling book Rich Dad Poor Dad, says the “end is here” for fake money. He reiterated three lessons that will help investors “do well in market crashes.” Robert Kiyosaki on the End of Fake ...

View more: Robert Kiyosaki Says End of Fake Money Is Here — Shares 3 Lessons to Help Investors Amid Market Crashes

Moscow Exchange Suggests Issuing Crypto Receipts for Those Afraid of Blockchain

The Moscow Exchange has proposed to legalize the issuance of receipts for digital financial assets. The trading platform says this will allow custodians to offer clients who are not ready for distributed ledgers to essentially work with securities. MOEX also plans to become a licensed crypto exchange operator. Largest ...

View more: Moscow Exchange Suggests Issuing Crypto Receipts for Those Afraid of Blockchain

Report: Leaked Audio Featuring Celsius Execs Uncovers Plans to Create an IOU Cryptocurrency

According to leaked audio obtained by CNBC, the crypto lender Celsius wants to create an IOU cryptocurrency in order to pay clients back. The audio was provided by a Celsius customer and the recording explains the bankrupt crypto lender wants to create a form of “wrapped tokens” that represents ...

View more: Report: Leaked Audio Featuring Celsius Execs Uncovers Plans to Create an IOU Cryptocurrency

While Known Mining Pools Currently Dominate, Unknown Miners Discovered the Most Bitcoin Blocks During the Last 13 Years

The Bitcoin network has been operational for 5,012 days and so far, more than 755,000 blocks have been mined into existence. During the last year, Foundry USA and Antpool were the top two miners as the combined pools collectively mined 18,229 blocks out of the 53,510 blocks mined this ...

View more: While Known Mining Pools Currently Dominate, Unknown Miners Discovered the Most Bitcoin Blocks During the Last 13 Years

Value Locked in Defi Drops to Lows Not Seen Since March, Ethereum Dominates TVL by 57%

The state of decentralized finance (defi) in terms of total value locked (TVL) has been tumultuous, to say the least, and currently the TVL in defi today is approximately $54.95 billion. The TVL has not been this low in over five months since March 29, and the most dominant ...

View more: Value Locked in Defi Drops to Lows Not Seen Since March, Ethereum Dominates TVL by 57%

Dogecoin Price up 10% - Which Meme Coin Will Pump Next?

Dogecoin has been on a slightly bullish pump during the past 24 hours. According to CoinGecko, the largest memecoin has gained by 10% within 24 hours to trade at $0.068 at the time of writing. Dogecoin jumps 10% in 24 hours Dogecoin seems to be under significant buying pressure, ...

View more: Dogecoin Price up 10% - Which Meme Coin Will Pump Next?

Biggest Movers: DOGE Hits 1-Month High to Start the Weekend

Dogecoin rallied to a one-month high to start the weekend, as markets marginally rebounded on Saturday. The token rose by as much as 10% in today’s session, racing past a key resistance in the process. Solana was another notable gainer, as it hit an 11-day high. Dogecoin (DOGE) Dogecoin ...

View more: Biggest Movers: DOGE Hits 1-Month High to Start the Weekend

Bitcoin, Ethereum Technical Analysis: BTC, ETH Consolidate Following Week of Intense Volatility

Flynt Launches Industry’s Highest Yield Product on Bitcoin

Digital Asset Exchange Platform Granted 'Crypto Financial Services Provider License' by Israeli Regulator

Dogecoin (DOGE) On Top Of Whales Menu – Here’s Why

Cryptocurrency Exchange Bitso Launches Interoperable QR Payments in Argentina

South Korea Seizes $184 Million in Crypto Assets From Alleged Tax Dodgers, Reports Reveal

UK Proposes New Law to 'Seize, Freeze and Recover' Crypto Assets Easier and Faster

Coinbase Receives Approval to Offer Full Suite of Crypto Products in Netherlands

Github Partially Reinstates Tornado Cash Codebase, Open Source Code Set to Read-Only Mode

Tether Reveals USDT Stablecoin Is Now Supported by Polkadot

Ethereum's Vitalik Buterin 'Very Hopeful' Dogecoin Moves to Proof of Stake

Bitcoin Miner Marathon Digital's Shares Downgraded After Compute North Files for Bankruptcy Protection

OTHER NEWS

Breaking thailand news, thai news, thailand news Verified News Story Network