SHIB was trading almost 15% higher during today’s session, as its price approached a ten-day high. DOGE was also trading in the green Tuesday with its prices reaching their highest point since June 12.
Shiba Inu (SHIB)
SHIB was once again in the green on Tuesday, as it continued to move away from this weekend’s lows.
SHIB/USD dropped to $0.00000707 at the intraday lowest since October 2021.
Today, the intraday price peak was $0.000009556.
This marks the highest price the meme coin has traded since June 12. It comes just as bulls try to recover a critical resistance point.
Looking at the chart, this ceiling appears to be the $0.00001135 point, which hasn’t seen a true breakout since early May.
SHIB overall sentiment seems bullish. Relative strength is now at its highest level since April.
Dogecoin (DOGE).
The token’s steady rise has been due to Elon Musk declaring that he would continue to support DOGE, despite recent price declines.
These gains have seen prices of DOGE/USD climb to an intraday high of 0.0668 in today’s session, which is the most prices have traded at in nine days.
Prices have increased from 0.0494 on Saturday (a low of 15 months) to almost 20% today.
This momentum could be challenged as the 14-day RSI appears to have hit a critical resistance level.
This is the 44.50 ceiling, which hasn’t been broken since May 3, when DOGE was trading at $0.1330.
If this level is broken, we might see more bulls trying to push prices towards the breaking point.
What do you think about meme coins surviving a crypto winter. Please share your views with us in the comments.
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