Biggest Movers: DOGE Over 130% Higher in the Last 7 Days

Meme coins remained higher connected Tuesday, contempt cryptocurrency markets mostly trading successful the red. Dogecoin is present implicit 130% higher successful the past week, arsenic the token climbed to its highest constituent since April. Shiba inu was besides higher, climbing backmost supra a cardinal terms ceiling.

Dogecoin (DOGE)

Dogecoin (DOGE) extended caller gains connected Tuesday, arsenic the token surged to a caller multi-month high.

Following a debased of $0.117 to commencement the week, DOGE/USD raced to an intraday highest of $0.1572 during today’s session.

The rally sees the meme coin determination to its highest constituent since April, and arsenic of penning it is trading implicit 130% higher from the aforesaid constituent past week.

DOGE/USD – Daily Chart

This caller surge successful dogecoin comes arsenic Tesla CEO and semipermanent meme coin protagonist Elon Musk precocious completed his takeover of Twitter.

On Tuesday, Musk besides tweeted a representation of a shiba inu canine wearing a Twitter banner, which immoderate judge could beryllium an endorsement.

As of writing, the 14-day comparative spot scale (RSI) is present tracking astatine 90.24, which is the highest constituent for the scale successful implicit a year.

Shiba Inu (SHIB)

Following the tweet from Elon Musk, shiba inu (SHIB) was besides higher, arsenic prices climbed supra a cardinal absorption level.

SHIB/USD surged to a precocious of $0.00001345 earlier successful today’s session, gaining for a 2nd consecutive time successful the process.

As referenced earlier, the determination came arsenic the meme coin roseate past its caller ceiling of $0.00001300.

SHIB/USD – Daily Chart

Looking astatine the chart, the RSI for SHIB is presently tracking astatine 65.30, which is somewhat nether the adjacent disposable ceiling of 70.00.

Should terms spot proceed to rise, we could spot bulls effort to recapture past Saturday’s precocious of $0.00001518.

Both the 10-day (red), and 25-day (blue) moving averages look to beryllium trending higher, which is different affirmative denotation for bulls.

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Could we spot shiba inu recapture caller highs this week? Let america cognize your thoughts successful the comments.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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