Shiba Inu (SHIB)
The price of Shiba Inu (SHIB) rose for the second consecutive day, moving away from a recent support point. It reached a peak of $0.000007391, following a low of $0.00000725 the previous day. This upward movement brought SHIB closer to a ceiling of $0.00000760, distancing itself from a floor of $0.00000710.
As the price approaches the resistance point, the 10-day moving average (red) is also nearing an upward cross with its 25-day counterpart (blue). However, in order to reach this point, bulls will need to surpass the RSI ceiling of 44.00. Currently, the RSI is at 42.46.
Chainlink (LINK)
Chainlink (LINK) experienced a significant surge at the start of the weekend, reaching a multi-week high. After hitting a low of $6.73 on Friday, LINK/USD jumped to a peak of $7.13 in today’s session. This surge brought chainlink to its strongest point since August 15, when it peaked at $7.42.
Although the rally broke a resistance level at $6.90, there is now some price uncertainty. LINK is currently trading at $7.00, while the RSI struggles to surpass the hurdle at 64.00.
Hot Take: Crypto Prices Show Volatility
The recent movements in Shiba Inu and Chainlink prices highlight the volatility within the crypto market. While SHIB managed to distance itself from a support point and approach a resistance level, it still needs to overcome the RSI ceiling for further gains. On the other hand, LINK experienced a surge, but price uncertainty has emerged as the RSI struggles to make significant progress. These fluctuations demonstrate the importance of monitoring technical indicators and market trends when making crypto investments.
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