LINK Hits 20-Day High, DOGE Rebounds From Monday’s Losses – Market Updates Bitcoin News
Chainlink surged to a 20-day high on November 29, as the token rose for the second day in a row. Cryptocurrency markets were mostly higher in today’s session, after a weak start to the week. Dogecoin was another notable gainer on Tuesday, as the meme coin bounced back from yesterday’s losses.
Chainlink (LINK)
Chainlink (LINK) climbed to its highest point in three weeks on Tuesday, as prices rose for the second day in a row.
After a low of $6.67 to start the week, LINK/USD rallied to an intraday high of $7.43 earlier in today’s session.
The move saw LINK continue its recent breakout of a long-term ceiling of $7.15, reaching its highest point since November 20 in the process.
Overall, LINK is up nearly 25% over the past few days, registering gains in all but one of the past nine sessions.
Today’s rise comes as the 14-day relative strength index (RSI) moved past a resistance point of 55.00, and is currently trading at 56.89.
In addition to this, the 10-day (red) moving average is now closing in on its 25-day (blue) counterpart, and is positioned for an upward cross.
Dogecoin (DOGE)
Dogecoin (DOGE) rallied from Monday’s losses, as the meme coin surged as much as 10% today.
DOGE/USD, which fell to a low of $0.09145 to start the week, climbed to a high of $0.1047 earlier today.
As a result of the move, dogecoin is now trading again near its three-week high of $0.1079.
Looking at the chart, it appears that there will be an upward crossover between the 10-day (red) and 25-day (blue) moving averages.
Should this happen, it would be a sign of current and upcoming bullish momentum, with DOGE traders likely to move the price closer to $0.1100.
The RSI has just moved past the ceiling of 59.00, and is currently tracking at 60.90. Unless the index falls below this point, the DOGE will potentially continue to climb.
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Will dogecoin end the month above or below $0.1100? Let us know your thoughts in the comments.
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