Meme coins were higher on Tuesday, as the global cryptocurrency marketplace rebounded from recent declines in price. Both DOGE and SHIB were trading close to 7% higher during the session. In addition to the meme coins, there were several other gainers on Tuesday, as both traders and long-term investors bought the crypto dip.
Biggest gainers
One of today’s biggest gainers in the crypto top 20 was avalanche (AVAX), 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.
Today’s rally comes 3-days after prices briefly fell below support of $59.70, dropping to a low of $53,47 over the weekend.
This false breakout saw prices hit their lowest level since October 18th, before rallying to a now all-time high (ATH) slightly above $146.00.
Looking at the chart below, the trendline shows that there has been long-term buying pressure, which is evident by the ascending triangle, as a result of continuous hig
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