Shiba Inu (SHIB)
Shiba inu (SHIB) reached a two-month high on Monday, showing bullish momentum as a meme coin. After hitting a low of $0.000008171 on Sunday, SHIB/USD surged to an intraday high of $0.000008688 today, approaching its highest point since May 29 at $0.000008888.
- RSI bounced from the support point of 60.00, currently tracking at 64.41.
- Next visible resistance point is at 68.00.
- If SHIB reaches this level, it could hit a ceiling of $0.00000885.
Bitcoin Cash (BCH)
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Bitcoin cash (BCH) also gained on Monday, rising by up to 4% for the week’s start. BCH/USD peaked at $258.30 in today’s session, following Sunday’s low at $243.34. The cryptocurrency is trading near yesterday’s two-week high at the $266.29 point.
- Price strength encountered resistance at 56.00, causing earlier gains to slip.
- RSI is currently at 53.23 and may head towards the 50.00 zone.
- If the decline continues, bears may target $240.00.
Hot Take
Shiba Inu (SHIB) and Bitcoin Cash (BCH) showed positive momentum on Monday. SHIB is approaching its highest point in two months, while BCH reached a two-week high. The RSI levels indicate potential resistance and support points for both cryptocurrencies. It will be interesting to see if SHIB can break through the resistance at 68.00 and if BCH can maintain its upward momentum.
