Shiba Inu (SHIB)
Shiba Inu (SHIB) has experienced a significant jump, reaching a three-month high with a surge of up to 10% in prices.
- SHIB/USD rose from a low of $0.000008551 to a peak of $0.000009509.
- This marks the strongest point for the meme coin since May 6, when it reached a high of $0.00001007.
- The 14-day relative strength index (RSI) surpassed a resistance level of 67.00, currently at 73.62, the highest level since February.
- If momentum continues, the next target for bulls could be a ceiling at $0.00001025.
Dogecoin (DOGE)
Alongside SHIB, dogecoin (DOGE) also saw a rise today, breaking a three-day losing streak.
- DOGE/USD rallied to a high of $0.07628, just hours after hitting a low of $0.07279.
- As a result, DOGE is now trading at its highest point since Wednesday after breaking out of a resistance zone at $0.0760.
- The RSI surpassed its own ceiling at the 52.00 mark, currently reading 55.84.
- Despite the rally, DOGE is still trading nearly 3% lower than the previous weekend.
Hot Take
Both Shiba Inu (SHIB) and dogecoin (DOGE) experienced upward movements in price, with SHIB reaching a three-month high and DOGE breaking its losing streak. While these gains are positive, caution should be exercised as the crypto market remains volatile. It will be interesting to see if these coins can sustain their momentum and reach further targets in the coming days.
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