Shiba Inu (SHIB) climbed to a two-week high on Tuesday, as positive tendency sentiment returned to digital currency markets. The meme cryptocurrency rose by as much as 2 percent in today’s session, as the worldwide cryptocurrency market capitalization surged by the same amount. BNB was another notable gainer today.
Shiba Inu (SHIB) (SHIB)
Shiba inu (SHIB) rose to a multi-week high in today’s session, as positive tendency sentiment returned to digital currency markets.
Following a low of $0.000008759 to begin the week, SHIB/USD jumped to a peak of $0.000009067 earlier in the day.
Because of the move, SHIB climbed to its strongest point since May 10, when price hit a high of $0.00000930.
1 of the catalysts of the surge seems to be a breakout which took place on the relative strength index (RSI).
The index moved beyond the ceiling of 40.00, and as of writing is now tracking at 40.83.
Should bulls continue to control sentiment, there is an opportunity they target an next ceiling of 46.00 on the index.
BNB
BNB was another notable gainer on Tuesday, as prices rebounded from a key support level.
BNB/USD rose to an intraday high of $315.21 in today’s session, 24 hours after hitting a low of $309.13.
In general, this recent run, which has seen BNB go up for two consecutive days, comes after a failed breakout of a floor at $302.00.
Owing to today’s uptrend, the RSI is now on the verge of colliding with a key resistance of 49.00.
As of writing, the index is tracking at 48.95, with earlier bulls possibly preparing to take profits.
Register your email here to get weekly price analysis updates sent to your inbox:
