Biggest Movers: SHIB Jumps 13% on Saturday, Hitting a 4-Month High

Shiba inu extended caller gains into the weekend, arsenic the meme coin roseate to its highest constituent successful 4 months. Today’s surge saw prices ascent by arsenic overmuch arsenic 13%, and comes contempt cryptocurrency markets mostly consolidating. Dogecoin besides moved higher, breaking retired of a caller ceiling successful the process.

Shiba inu (SHIB)

Shiba inu (SHIB) was 1 of the biggest movers successful the marketplace for a 2nd consecutive session, with prices rising by arsenic overmuch arsenic 13% higher today.

SHIB/USD roseate to a precocious of$0.00001457 connected Saturday, which was its strongest constituent since October 29.

The determination comes pursuing a debased of $0.00001232 connected Friday, and arsenic bulls led a breakout of a terms ceiling astatine $0.00001290.

SHIB/USD – Daily Chart

Looking astatine the chart, the surge besides led to a breakout of the comparative spot scale (RSI), which deed a 12-day high.

The scale moved beyond a ceiling astatine 74.00 earlier successful the day, and is presently tracking astatine a speechmaking of 79.15.

This is adjacent to a ceiling astatine 80.00, and has resulted successful earlier bulls opening to wantonness erstwhile positions.

Dogecoin (DOGE)

Dogecoin (DOGE) besides surged successful Saturday’s session, with prices breaking retired of a cardinal absorption level.

Following a debased of $0.09107 connected Friday, DOGE/USD raced to an intraday highest of $0.09489 to commencement the weekend.

As a effect of this move, the meme coin erstwhile again moved supra a ceiling astatine $0.0935 earlier successful the day.

DOGE/USD – Daily Chart

However, arsenic the league progressed, momentum has since dropped, and this comes arsenic the RSI collided with a hurdle.

The scale ran into absorption astatine the 63.00 mark, causing bulls to retreat, successful fearfulness of a terms reversal.

As of writing, terms spot is present astatine 61.92, with DOGE trading astatine $0.09383.

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Could meme coins proceed to determination higher successful today’s session? Let america cognize your thoughts successful the comments.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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