Shiba Inu (SHIB)
Shiba Inu (SHIB) saw a 5% increase in value after it was announced that it would be added to Flexible and VIP Loan services. The coin reached a peak of $0.000008677, its highest point since Monday. This surge was partly due to the breakout of the 60.00 level on the 14-day relative strength index (RSI), currently tracking at 62.20.
Solana (SOL)
Solana (SOL) bounced back after two days of losses. After hitting a low of $22.52, SOL/USD climbed to $23.13. However, it is still trading around 7% lower than last week. The rebound in price was influenced by the RSI bouncing from the support level at 45.00 and currently reading 49.04. Bulls are aiming for a move above the $25.00 level, but may face resistance at the 50.00 level on the indicator.
Hot Take
Both Shiba Inu (SHIB) and Solana (SOL) experienced positive movements in their prices. SHIB benefited from being added to loan services, while SOL rebounded after a recent decline. While both coins show potential for further growth, it remains to be seen whether they can overcome the resistance levels on the RSI indicator. Crypto investors should keep a close eye on these developments.
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