Shiba Inu (SHIB) soared to a high not seen in several months this past Saturday, as the meme-based cryptocurrency continued its upward trend in recent days. This rally was spurred by the anticipation surrounding its forthcoming layer 2 release. Dogecoin also built on its recent success as the weekend began.
Shiba Inu (SHIB)
The cryptocurrency’s value rose from a Friday low of $0.00001001 to an earlier Saturday peak of $0.00001127.
The chart illustrates that this latest spike in price came as the relative strength index (RSI) exceeded the 65.00 threshold.
At present, the price strength reading stands at 74.27, and the following apparent resistance level is at 76.00.
If the bullish trend reaches this mark, SHIB might potentially achieve $0.00001200.
DOGE/USD reached a Saturday intraday peak of $0.07715, following a Friday low of $0.07517.
DOGE/USD – Daily Chart
Much like Shiba Inu, the surge in Dogecoin’s price happened as the price strength broke through a resistance level of 55.00.
Bulls now face a 60.00 ceiling, should they continue to uphold the momentum they’ve built this week.
Frequently Asked Questions (FAQs) about fokus keyword: cryptocurrency
What caused Shiba Inu (SHIB) to surge to a multi-month high on Saturday?
The surge in Shiba Inu’s price was a result of bullish momentum that extended over five consecutive days, reaching its strongest point since April. The anticipation surrounding its upcoming layer 2 launch also contributed to the rally.
What were the significant price points for SHIB over the weekend?
SHIB’s price rallied from a low of $0.00001001 on Friday to a peak of $0.00001127 earlier on Saturday. If the bullish trend hits a resistance level of 76.00, SHIB could possibly reach $0.00001200.
How did Dogecoin (DOGE) perform over the weekend?
Dogecoin also raced higher during the weekend, remaining in the green for a fifth consecutive session. It jumped to an intraday high of $0.07715 on Saturday, following a low of $0.07517 on Friday, reaching its strongest level since August 2.
What are the resistance levels for both SHIB and DOGE?
For SHIB, the next visible resistance zone is at the 76.00 mark, while for DOGE, a ceiling of 60.00 awaits the bulls, should they maintain the week’s momentum.
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More about fokus keyword: cryptocurrency
- Shiba Inu Official Website
- Dogecoin Official Website
- Cryptocurrency Market Analysis
- Latest Cryptocurrency News