Technical Analysis: Meme Coins, Avalanche Move Higher on Tuesday – Market Updates Bitcoin News

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Meme coins were higher on Tuesday, as the crypto marketplace rebounded from recent declines in price. Both DOGE and SHIB were trading close to 7% higher.

In addition to the meme coins, there were several other gainers on Tuesday, as both traders and long-term investors bought the crypto dip.One of today’s biggest gainers in the crypto top 20 was avalanche , which was up by as much as 15% during the session. AVAX hit an intraday high of $68.03 on Tuesday, climbing from yesterday’s low of $59.59.

This false breakout saw prices hit their lowest level since October 18th, before rallying to a now all-time high slightly above $146.00. Since said breakout, prices found an interim floor around $59, and this has captured the imagination of bulls who bought at the same range in October.It was not all rosy in the top 20, as some cryptos continued to trade in the red, despite today’s rebound in prices.

 

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 /  🏆 531. in TH

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