Dogecoin Price Surges Significantly While AVAX Records A 13% Increase

Today’s trading session has been full of opportunities for cryptocurrency investors as the majority of the industry is witnessing a bullish run.

While the cryptocurrency industry is witnessing a strong bullish run, Dogecoin and Avalanche seem to be demonstrating the strongest performances.

Both tokens have been recording the highest gains in the latest trading sessions. It is time to take a look at the performances these tokens have registered recently.

Dogecoin (DOGE)

Dogecoin has emerged as the most notable and strongly rallied cryptocurrency in the Saturday trading session.

The investors kept adding their contributions in the form of strong acquisitions. This caused a major pump in the trading price of the asset.

The data shows that the price of the asset has grown so much in the past 24-hours, it has hit a six-week high.

Prior to the strong rally that pushed the price of DOGE, the trading price of the asset was at a low of $0.08507. It was on Friday when the trading price of the asset was recorded to be at the lower figure.

The bulls then pushed the trading price of the asset higher with their strong buying power. They kept acquiring DOGE on a wider scale that managed to push the trading price of the meme coin to a high of $0.09297.

The Saturday surge sent the price of DOGE flying, pushing its price to the highest level since December 13. It was on December 13 when the trading price of DOGE hit a high of $0.0930.

The DOGE price analysis shows that the relative strength index for the asset is currently hovering closer to the 61.00 level.

It is the ceiling level for DOGE and if the investors keep buying the meme coin for a longer period, it may hit the particular level.

For now, the RSI for DOGE is at 59.96 so it is not long before the index would end up hitting the ceiling. This would make things even more bullish for DOGE and push its trading price higher.

For now, the trading price of the asset is below the high trading value of $0.08808.

As the bulls manage to make it through the strong bearish trends, the trading price of DOGE may surge to a high of $0.0930.

Avalanche (AVAX)

Avalanche has been demonstrating a strong performance for a while. The data shows that the trading price of AVAX has recorded a 14% surge from the beginning of the week until now.

Due to the recent rally, the trading price of the asset has managed to make it past the strong resistance trend.

The analysis shows that it was a strong and long-term resistance that had lingered for a while. Finally, the bulls have managed to break the chains of long-term resistance.

They have pushed the trading price of the asset to a higher level. Prior to the strong rally, the trading price of the asset was at a low of $17.83.

After the strong surge, the trading price of AVAX managed to surge to a high of $21.68 per AVAX. This is a strong value that the asset has hit in less than 24-hours.

The price chart for AVAX shows that it is the highest level the asset has hit since August 26. It goes to suggest that the trading price of the asset has reportedly hit a six-month high.

The last time the value of the asset hit such a high level was back on August 26.

It seems that the strong rally for AVAX has started to fade because investors are eager to generate profits from their efforts.

Therefore, the investors may close their positions so they can secure their profits and increase their gains.

The RSI for AVAX is already at 70.00 and if the trend remains strong, then it may surge to the ceiling level of 70.35.

For now, the bulls are trying hard to sustain the selling pressure. If they do not manage to hold onto it, then the trading price of AVAX may dip to $18.50.

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