Alexander Savenkov On Friday, Shiba inu emerged as a significant climber, achieving a two-week record during the day’s trading. The surge saw the meme coin grow by up to 6%, even while the overall global crypto market cap largely stagnated. In the meantime, Tron notched up gains for the fourth consecutive day.
Shiba Inu (SHIB)
Shiba Inu (SHIB) surged to a two-week record this Friday, following its surpassing a crucial resistance level.
SHIB/USD soared to a high of $0.000008217 earlier in the day’s trading, bouncing back from Thursday’s low of $0.000007754.
The surge in Shiba inu on Friday occurred as the crypto successfully breached a significant resistance barrier at the $0.000008000 level, thus marking its highest level since June 15.
SHIB/USD – Daily Chart
Another contributing factor to the day’s activity seems to be the relative strength index (RSI) climbing over a threshold of 55.00.
At present, the price strength stands at the 60.09 level, barely below a threshold at 61.00.
Should the bulls succeed in surpassing this level, the next potential target price could well be $0.000008500.
Tron (TRX)
Tron (TRX) sustained its recent upward momentum for a fourth successive day, with today’s increase pushing the token to its highest level since the previous Sunday.
After hitting a low of $0.08221 on Thursday, TRX/USD rose to an intraday high of $0.08417 earlier during the day’s trading.
It seems Tron bulls are setting their sights on a resistance level at $0.0860, a peak last reached during last Saturday’s high of $0.0943.
TRX/USD – Daily Chart
Since reaching that 20-month high, TRX has primarily consolidated, although bullish momentum appears to be slowly picking up again.
This resurgence comes as the relative strength index (RSI) crossed its own threshold at 63.00, and is currently standing at 64.84.
If the current market sentiment persists, TRX might touch $0.0860 in the upcoming days.
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What’s driving Tron’s recent upward momentum? Share your opinions in the comments section.
Table Of Contents
Frequently Asked Questions (FAQs) about Cryptocurrency Surge
What cryptocurrency saw a significant increase on Friday?
Shiba Inu (SHIB) saw a notable increase on Friday, reaching a two-week high.
How much did Shiba Inu (SHIB) increase by?
Shiba Inu (SHIB) rose by as much as 6% during the Friday session.
How has Tron (TRX) been performing recently?
Tron (TRX) has been on a bullish run, extending its gains for the fourth straight session.
What is the next potential target price for Shiba Inu (SHIB)?
If the current bullish trend continues, the next potential target price for Shiba Inu (SHIB) could be $0.000008500.
What could be the next potential level for Tron (TRX) in the coming days?
If the present market sentiment remains, Tron (TRX) could possibly reach a level of $0.0860 in the near future.
More about Cryptocurrency Surge
- Shiba Inu (SHIB) CoinMarketCap
- Tron (TRX) CoinMarketCap
- Crypto Market Trends
- Understanding Relative Strength Index (RSI)
- Cryptocurrency News
2 comments
cant believe i missed the shib surge, need to keep a closer eye on the market.
nice analysis guys, keep em coming… that resistance level detail is gold for day traders like me!