Biggest Movers: DOGE Surges to Fresh 2-Month High, AVAX Rebounds on Tuesday
Dogecoin rose for a third consecutive session on Tuesday, as markets continue to speculate what role the meme coin could play on the newly rebranded
X platform. The latest surge took the price to its highest level since early
May. Avalanche was another notable gainer today,
rebounding from recent losses.
Dogecoin (DOGE) climbed to a fresh multi-month high on Tuesday, as traders continued to react to
Twitter’s rebrand to X.
Following a low of $0.07353 to start the week,
DOGE/USD spiked to a peak of $0.07811 earlier in today’s session. This resulted in the meme coin climbing to its strongest point since May 6, which is the last time price was above
$0.08000.
In the event this destination is reached, there is a good chance that
DOGE will be back at $0.08000.
Additionally, avalanche (AVAX) was back in the green during today’s session, after rebounding from Monday’s decline.
AVAX/USD ascended to a high of
$13.38 earlier in the day, a day after slipping to a bottom at
$12.92 to start the week.
The move came as the token closed in on a key support level at
$12.90, however bulls rejected a breakout on this occasion.
