Biggest Movers: DOGE Hits 8-Week High as Meme Coins Rally on Tuesday

Dogecoin climbed to an eight-week precocious connected Jan. 31, arsenic prices broke retired of a cardinal absorption level connected Tuesday. The meme coin surged up pursuing the merchandise of the latest user assurance study successful the United States. Shiba inu besides moved higher, rebounding from losses to commencement the week.

Dogecoin (DOGE)

Dogecoin (DOGE) raced higher connected Tuesday, arsenic the meme coin broke retired of a cardinal absorption level.

Following a debased of $0.08578 to commencement the week, DOGE/USD roseate to an intraday precocious of $0.095 earlier today.

As a effect of the surge, dogecoin roseate to its strongest constituent since December 11, erstwhile prices were astatine a precocious of $0.0972.

DOGE/USD – Daily Chart

Since the move, earlier gains person somewhat eased, arsenic the 14-day comparative spot scale (RSI) collided with a ceiling of its own.

As of writing, the scale is tracking astatine 65.03, which is marginally supra a absorption level astatine 65.00.

Providing bulls are capable to support existent momentum, their adjacent people volition apt beryllium $0.099.

Shiba Inu (SHIB)

Another notable mover was shiba inu (SHIB), which rebounded pursuing losses to commencement the week.

SHIB/USD roseate to a precocious of $0.00001195 successful today’s session, which comes a time aft the token was astatine a debased of $0.00001134.

Tuesday’s surge saw SHIB ascent backmost supra a cardinal enactment level of $0.00001165, and came arsenic the RSI besides rebounded.

SHIB/USD – Daily Chart

As of writing, the scale is presently tracking astatine 62.57, which is marginally supra a level astatine 60.00.

Should momentum proceed to determination higher, the adjacent people for shiba inu bulls volition apt beryllium a ceiling astatine 68.00

Providing this people is hit, it is simply a beardown anticipation that SHIB/USD volition beryllium trading supra $0.00001220.

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Could we spot meme coins proceed to rally successful the coming days? Let america cognize your thoughts successful the comments.

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