{"id":21156,"date":"2022-06-27T17:14:00","date_gmt":"2022-06-27T17:14:00","guid":{"rendered":"http:\/\/egrowonline.com\/?p=21156"},"modified":"2022-06-27T17:14:00","modified_gmt":"2022-06-27T17:14:00","slug":"doge-nears-20-day-high-as-tron-also-surges-market-updates-bitcoin-news","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=21156","title":{"rendered":"DOGE Nears 20-Day High, as TRON Also Surges \u2013 Market Updates Bitcoin News"},"content":{"rendered":"


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DOGE was trading higher on Monday, as prices rose to their highest level in almost 20 days. TRX<\/a> was also in the green to start the week, as prices continued to climb, following a recent streak of bullish momentum. <\/b><\/p>\n

Dogecoin (DOGE)<\/h2>\n

DOGE was a notable mover during today\u2019s session, as prices rose to their highest point in nearly 20 days. <\/span><\/p>\n

On Monday, DOGE\/USD rose to an intraday high of $0.07839, which came less than 24 hours after trading at a low of $0.07184.<\/span><\/p>\n

As a result of today\u2019s move, the meme coin collided with a price ceiling at $0.07830, which is the highest point DOGE has hit since June 10.<\/span><\/p>\n

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DOGE\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Since hitting this peak, bulls have vacated earlier positions, pushing prices lower in the process, giving bears a green light to re-enter.<\/span><\/p>\n

Although still up almost 6% from yesterday\u2019s low, DOGE is currently trading at $0.0756, which is marginally below earlier highs.<\/span><\/p>\n

This comes as the 14-day RSI hit the 53.9 level, which is its highest reading since April 26, and also a point of resistance.<\/span><\/p>\n

Should DOGE eventually overcome this point, then we may see further gains in price.<\/span><\/p>\n

TRON (TRX<\/a>)<\/h2>\n

TRX<\/a> was also trading higher to start the week, as prices continued to rise, following a recent streak of upward momentum.<\/span><\/p>\n

Following a low of $0.06415 on Sunday, TRX<\/a>\/USD surged to a peak of $0.07005 earlier in today\u2019s session. <\/span><\/p>\n

This move saw prices climb to their highest point since June 13, when TRON was making its way down to a then one-year low at $0.04700.<\/span><\/p>\n

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TRX<\/a>\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Since then, prices have been in an ascending triangle, hitting a streak of higher highs in the process, with today\u2019s the latest one of these climbs.<\/span><\/p>\n

In order to climb further, we might need to see price strength push through an upcoming resistance level on the RSI indicator.<\/span><\/p>\n

This point, at 50, is one of the only current obstacles in the way of the token recapturing its long-term resistance level at $0.07560.<\/span><\/p>\n

Do you expect TRX<\/a> to reach this level in July? Let us know your thoughts in the comments.<\/i><\/b><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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