Biggest Movers: XMR, DOT Move Higher, Rebounding From Recent Declines – Market Updates Bitcoin News

Should this hurdle be overcome,In order for this to happen, the relative strength index , which is currently tracking at 68.71, will need to move back towards the 80.00 mark.Polkadot snapped a two-day losing streak on Tuesday, with prices nearing a two-month high.

DOT/USD hit a high of $6.07 earlier in today’s session, which comes less than 24 hours after trading at a low of $5.66. As a result of Tuesday’s surge, DOT moved to a ceiling at $6.10, and closer to Saturday’s high of $6.51.Looking at the chart, the rebound came as the 14-day RSI also bounced from its own support point at 72.45.

Currently, the index is tracking at 74.88, with a ceiling at the 82.00 mark a possible target for buyers.Register your email here to get weekly price analysis updates sent to your inbox:

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