Shiba Inu (SHIB)
Shiba Inu (SHIB) saw a surge in price, reaching a two-week high after breaking through a key resistance level. The move came as the relative strength index (RSI) surpassed a ceiling at 55.00, indicating increased price strength. Currently, the RSI is at 60.09, just below another ceiling at 61.00. If bulls can surpass this point, the next target price could be $0.000008500.
Tron (TRX)
Tron (TRX) continued its bullish momentum, reaching its highest point since last Sunday. After hitting a low of $0.08221, TRX/USD climbed to $0.08417. Bulls are now aiming for a resistance level at $0.0860, previously reached during last Saturday’s peak. The RSI has moved beyond its own ceiling at 63.00 and is currently at 64.84. If the current sentiment persists, TRX could reach $0.0860 in the coming days.
Subscribe to our Social Media for Exclusive Crypto News and Insights 24/7!
Key Points:
- Shiba Inu (SHIB) rallied to a two-week high after breaking a key resistance level.
- The relative strength index (RSI) moved above a ceiling at 55.00, indicating increased price strength.
- Tron (TRX) extended its bullish momentum for a fourth day, reaching its highest point since last Sunday.
- Bulls in TRX/USD are targeting a resistance level at $0.0860.
- The RSI for TRX is currently at 64.84, suggesting further upward movement.
Hot Take
Both Shiba Inu (SHIB) and Tron (TRX) have shown strong upward momentum, with SHIB breaking through a key resistance level and TRX reaching its highest point in days. The RSI for both cryptocurrencies indicates positive price strength, suggesting that further gains may be possible in the near future. Keep an eye on these coins as they continue to make moves in the market.
