The biggest winner in crypto markets Tuesday was Shiba inu, (SHIB), as Robinhood added this meme coin its crypto offering list. This happened as Robinhood added several other coins to its list of crypto offerings.
Shiba Inu (SHIB)
Shiba inu (SHIB) was undoubtedly the biggest gainer during Tuesday’s trading session, as it was finally confirmed that Robinhood had added the meme coin to its offering.
SHIB/USD rallied earlier today to an intraday peak of $0.00002695 after it fell to $0.00002198 at the beginning of this week.
After prices recovered on Monday from their long-term support level, this peak marked the highest SHIB traded level since February 17.
Looking at the chart, yesterday’s floor at $0.00002175, held firm for the last few weeks, as bulls likely were anticipating today’s announcement.
SHIB’s price surge has resulted in it breaking out of its resistance of $0.00002747.
Despite the nearly two-month-high, the 14-day RSI still only tracks at 57. The recent peak was closer to 70.
Robinhood traders may see this opportunity to drive the meme currency higher.
NEAR Protocol (NEAR).
Although SOL was also added to Robinhood on Tuesday, it was NEAR which was today’s second-biggest gainer.
NEAR rose to a peak of $17.17 during today’s session, as prices continued to move away from its recent support level.
NEAR’s gains have been somewhat diluted as NEAR matures and prices approach $17.55 as resistance.
But, the bears intervened before the trend reached this level. The price NEAR appears to be consolidating, and it has been unable to stop the uptrend.
Today’s surge comes as price strength climbed back above a recent floor within the 14-day RSI indicator, and now sits at the 60 level.
NEAR is at 64 points, which means there are potential gains. But, it’s possible that NEAR will drop further if $17.55 resistance is reached.
Are you positive that NEAR will break above $17.55 resistance? Please share your views with us in the comments.
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