SHIB was trading by as much as 10% higher on Saturday, as crypto markets were mainly in the green. NEAR was also higher on Saturday, prices having now risen for three consecutive sessions. Overall, crypto markets are up 2.73% as of writing.
SHIB was one of the notable movers in crypto markets on Saturday, as prices rose by over 10% to start the weekend.
The price of the meme coin rose to an intraday high of $0.00001178 in today’s session, which is the third straight daily gain in SHIB.
As a result of Saturday’s surge, SHIB/USD is now trading nearly 50% higher in the last seven days alone, making it one of the biggest movers within that period.
Looking at the chart, today’s rally has seen prices near this week’s high of $0.00001209, which is the highest the token has hit since May 31.
Should this week’s momentum continue upward, then bulls will likely attempt to recapture this point over the next few days.
A stumbling block could come via the 14-day RSI, which is currently tracking at a resistance point of 56.60, which is also its highest point since late March.
If SHIB bulls were to apply even more pressure on current bears, then we would likely need to see a breakout of this ceiling.
SHIB was one of the notable movers in crypto markets on Saturday, as prices rose by over 10% to start the weekend.
The price of the meme coin rose to an intraday high of $0.00001178 in today’s session, which is the third straight daily gain in SHIB.
As a result of Saturday’s surge, SHIB/USD is now trading nearly 50% higher in the last seven days alone, making it one of the biggest movers within that period.
Looking at the chart, today’s rally has seen prices near this week’s high of $0.00001209, which is the highest the token has hit since May 31.
Should this week’s momentum continue upward, then bulls will likely attempt to recapture this point over the next few days.
A stumbling block could come via the 14-day RSI, which is currently tracking at a resistance point of 56.60, which is also its highest point since late March.
If SHIB bulls were to apply even more pressure on current bears, then we would likely need to see a breakout of this ceiling.