Shiba Inu (SHIB)
Shiba Inu (SHIB) experienced a notable increase in price, rising by over 10% during the day. After reaching a low on Tuesday, SHIB/USD rallied to its highest level since Sunday. The 14-day relative strength index (RSI) has now reached a ceiling at 66.00, tracking at 65.67 at the time of writing. SHIB/USD is currently trading at $0.000009749.
Main breakdowns:
- SHIB rose by over 10% during the day
- It reached its highest level since Sunday
- The 14-day RSI hit a ceiling at 66.00
- Currently trading at $0.000009749
Solana (SOL)
Solana (SOL) continued its upward trend, reaching a high of $24.91 on Wednesday. This marked a ten-day high for the cryptocurrency, bringing it closer to the $25.00 resistance point. The price strength is currently reading at 58.27, nearing its own resistance point at 60.00. If it surpasses this zone, there is a strong possibility that SOL will be trading above $25.00.
Main breakdowns:
- SOL reached a ten-day high at $24.91
- Close to reaching the $25.00 resistance point
- The price strength is currently at 58.27
- Potential for trading above $25.00
Hot Take: Both Shiba Inu (SHIB) and Solana (SOL) have seen positive price movements recently. SHIB experienced a significant increase and reached its highest level in days. SOL continued its upward trend and is approaching the key resistance point of $25.00. These developments indicate potential opportunities for crypto traders to capitalize on these coins’ momentum.
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