Shiba Inu (SHIB)
Shiba Inu (SHIB) experienced a significant surge in price, reaching a multi-month high. After hitting a low of $0.00001001, SHIB/USD rallied to $0.00001127. This upward movement marks the fifth consecutive day of gains and the strongest point since April.
Key Points:
- SHIB price surged to a multi-month high
- RSI moved past a ceiling of 65.00
- Price strength currently at 74.27
- Next visible resistance zone at 76.00 mark
- Potential target of $0.00001200
Dogecoin (DOGE)
Dogecoin (DOGE) also saw an upward trend, remaining in the green for the fifth consecutive session. DOGE/USD reached an intraday high of $0.07715, surpassing the previous day’s low of $0.07517. This rise brings DOGE to its highest level since August 2, when it peaked at $0.0786.
Key Points:
- DOGE price jumped to its highest level since August 2
- Price strength broke out of a resistance level of 55.00
- Next ceiling at 60.00 mark
- Potential for continued momentum
Hot Take:
Both Shiba Inu (SHIB) and Dogecoin (DOGE) have experienced significant gains recently. The surge in price and the sustained momentum indicate a positive trend for both cryptocurrencies. However, it’s important to consider the volatility and inherent risks associated with the crypto market.
Benito Cormi, the brilliant crypto analyst who has made waves in the world of cryptocurrency. With his razor-sharp analytical skills and deep understanding of the digital asset landscape, Benito has become a trusted figure in the industry and remains at the forefront, tirelessly researching and analyzing market trends to help individuals and businesses make informed decisions in this dynamic landscape.
