SHIB Hits 3-Week High, ATOM up by Over 20% Today – Market Updates Bitcoin News

Shiba inu moved to a three-week high on Friday, as crypto markets surged during today’s session. As bullish sentiment returned, markets were mostly in green. Cosmos saw a significant mover today as it rose more than 20%.

Shiba Inu (SHIB)

Shiba inu (SHIB) rebounded during Friday’s session, as prices rallied following a recent spell of consolidation.

On Friday, SHIB/USD reached an intraday record high of $0.00001379 as the prices broke away from two successive resistance points.

SHIB’s first ceiling was $0.00001290, which had been in effect since August.

Biggest Movers: SHIB Hits 3-Week High, ATOM up by Over 20% Today
SHIB/USD – Daily Chart

The bullish momentum intensified and the token surged towards $0.00001380 as resistance.

Overall, the shiba Inu’s trading is at its best since August 26th when it was above $0.00001400.

As of writing, some of today’s earlier gains have eased, as the relative strength index (RSI), moved closer to an obstacle at the 54.00 mark.

Cosmos (ATOM)

Cosmos (ATOM), which saw prices rise to an all-time high of four months, was higher for the third consecutive session.

Following a rally beyond its ceiling of $13.35 during yesterday’s session, ATOM/USD hit a high of $16.23 earlier today.

Today’s move sees ATOM climb to its highest point since May 7, and comes as the token has now risen by nearly 30% in the past two days.

Biggest Movers: SHIB Hits 3-Week High, ATOM up by Over 20% Today
ATOM/USD – Daily Chart

The chart shows the RSI at 72.23. That is deep into overbought territory.

The overall price strength has reached its highest point since January 1, which may lead to bears reentering the market.

It is yet to be determined if ATOM has hit its current peak, or if this week’s run can be extended into the weekend.

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Are you convinced that the cosmos could reach $20.00 by September? Please share your views with us in the comment section.

Eliman Dambell

Eliman has a unique perspective on market analysis, having been a broker director, educator in retail trading, and commentator in Crypto, Stocks, and FX.

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