Dogecoin and Avalanche Surge to Six-Week and Five-Month Highs!

• Dogecoin (DOGE) rose to a six-week high on Saturday, climbing above a key resistance level to start the weekend.
• Avalanche (AVAX) surged by as much as 14% higher to start the weekend, as prices raced past a long-term point of resistance.
• The global crypto market cap was mostly in the green with Dogecoin and Avalanche leading the pack.

The crypto market was buzzing on Saturday, as Dogecoin and Avalanche saw significant price surges. Dogecoin (DOGE) rose to a six-week high, climbing above a key resistance level to start the weekend. The meme coin climbed to its strongest point since December, as the global crypto market cap was mostly in the green in today’s session. Dogecoin (DOGE) was one of Saturday’s most notable movers, as prices rose to their highest point in six weeks. Following a low of $0.08507 on Friday, DOGE/USD rallied to an intraday peak of $0.09297 earlier in the day. As a result of this, dogecoin moved to its strongest point since December 13, which is the last time prices were trading at a resistance level of $0.0930.

Looking at the chart, the move took place as the 14-day relative strength index (RSI) edged closer to a ceiling at 61.00. As of writing, the index is tracking at 59.96, with DOGE trading below earlier highs at a reading of $0.08808. Should DOGE bulls push price strength past the 61.00 mark, it is likely that prices will break out of today’s ceiling at $0.0930.

Avalanche (AVAX) also saw a surge in price, hitting its strongest point since August. AVAX/USD jumped to a high of $21.68 earlier in the day, which comes less than a day after falling to a low of $17.83. Today’s rally has seen avalanche rise to its highest level since August 26, cementing a five-month high in the process. Earlier gains have already begun to fade, with previous bulls seemingly opting to close positions and secure profits. This decline has resulted in the RSI finding its floor, with price strength now tracking at 70.35, which is marginally below overbought territory.

The weekend session ended on a positive note, with the majority of the crypto market in the green. Dogecoin and Avalanche have been the biggest contributors to the gains, with investors looking forward to further upside potential in the coming weeks.