Biggest Movers: DOGE, SHIB Near 10-Day Highs, Following Recent Surges in Price

SHIB was trading astir 15% higher during today’s session, arsenic its terms approached a ten-day high. Its chap meme coin, DOGE, was besides successful the greenish connected Tuesday, with prices hitting their highest constituent since June 12.

Shiba Inu (SHIB)

SHIB was erstwhile again successful the greenish connected Tuesday, arsenic it continued to determination distant from this weekend’s lows.

Over the weekend, SHIB/USD fell to an intraday debased of $0.00000707, which was its lowest constituent since October 2021.

Since then, prices person picked up momentum, and contiguous saw prices deed an intraday highest of $0.000009556.

This is the astir the meme coin has traded astatine since June 12, and comes arsenic bulls are attempting to recapture a cardinal absorption point.

Looking astatine the chart, this ceiling appears to beryllium the $0.00001135 point, which hasn’t seen a existent breakout since aboriginal May.

Overall sentiment successful SHIB seems to person turned bullish, with comparative spot present tracking astatine its highest constituent since April.

Dogecoin (DOGE)

Since Elon Musk stated that helium volition proceed to enactment DOGE contempt its caller declines successful price, the token has racked up dependable gains.

These gains person seen prices of DOGE/USD ascent to an intraday precocious of 0.0668 successful today’s session, which is the astir prices person traded astatine successful 9 days.

Overall, prices person climbed from a bottommost of 0.0494 connected Saturday, which was a 15-month low, to present trading astir 20% higher.

However, this momentum whitethorn beryllium challenged, with the 14-day RSI appearing to person reached a cardinal absorption point.

This is the 44.50 ceiling, which hasn’t been breached since May 3, erstwhile DOGE was trading astatine $0.1330.

Should we spot this level broken, past we could spot an influx of much bulls looking to instrumentality prices backmost towards that point.

Do you expect meme coins to past a crypto winter? Let america cognize your thoughts successful the comments.