On Tuesday, Meme coins were still higher despite the fact that cryptocurrency markets are mostly in red. Dogecoin has risen more than 130% in the past week as it reaches its highest level since April. Shiba Iuu also saw an increase, moving back above the key price ceiling.
Dogecoin (DOGE).
Dogecoin’s (DOGE), extended its gains from Tuesday as it surged to an all-time high of multi-months.
Following a low of $0.117 to start the week, DOGE/USD raced to an intraday peak of $0.1572 during today’s session.
It has risen to its highest level since April and is currently trading at 130% more than it was last week.
This surge in dogecoin has occurred as Tesla CEO, and long-standing meme coin supporter Elon Tesla recently concluded his takeover at Twitter.
Musk tweeted Tuesday a photo of a Shiba Inu wearing a Twitter banner. Some believe this endorsement.
The 14-day relative strength indicator (RSI), as of writing is at 90.24. This is the highest level for the index since over a decade.
Shiba Inu (SHIB)
Elon Musk tweeted that shiba inu prices (SHIB), were also rising after the price climbed past a critical resistance level.
SHIB/USD surged to a high of $0.00001345 earlier in today’s session, gaining for a second straight day in the process.
The move occurred as the meme currency surpassed its current ceiling of $0.00001300, which was previously mentioned.
The chart indicates that SHIB’s RSI is at 65.30. That is slightly lower than the ceiling at 70.00.
Should price strength continue to rise, we could see bulls attempt to recapture last Saturday’s high of $0.00001518.
Bulls can also take comfort in the trending higher of both the 10-day (red) and 25-day moving averages.
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Were there any chances that shiba-inu could regain its recent highs in this week’s market? Please share your views with us in the comments.
Images CreditsShutterstock. Pixabay. Wiki Commons
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