Technical Analysis: LEO up 60% Today, SHIB Falls Lower Following Monday’s Gains

Shiba inu’s (SHIB) 50% emergence connected Tuesday, seems to person inspired LEO bulls, who moved to propulsion prices up by 61% successful today’s session. The determination comes arsenic crypto markets consolidated yesterday’s gains.

Biggest gainers

Monday’s biggest loser, was Tuesday’s biggest gainer, arsenic UNUS SED LEO was up by arsenic overmuch arsenic 61% arsenic of writing.

LEO/USD roseate to an intraday precocious of $8.04 during today’s session, aft trading astatine a debased of $4.82 to commencement the week.

The determination comes pursuing a breakout of the $5.40 absorption level, which was formed past Friday, and successful spot up until today.

As a effect of the rally, the 14-day RSI surged to a precocious of 81, which was a level that was besides captured connected Friday, pursuing different sizeable terms swing.

LEO/USD – Daily Chart

However, arsenic seen from the past clip the RSI tracked astatine this level, bears swiftly re-entered, arsenic prices look to beryllium overbought.

There has already been immoderate profit-taking from today’s swing, arsenic aboriginal entrants look to debar falling unfortunate to a reversal akin to past week’s move.

Biggest losers

Following a emergence of implicit 50% connected Monday, Shiba Inu was trading adjacent to 14% little connected Tuesday, however, this was not today’s carnivore of the day.

Yesterday’s biggest bull turned carnivore during the session, arsenic traders look to person parachuted from the rocket vessel to the moon.

$SHIB was down 12.90% arsenic of writing, falling to an intraday debased of $0.00002953 successful the process, arsenic it erstwhile again fell beneath absorption of $0.00003406.

SHIB/USD – Daily Chart

The determination halted what seemed to beryllium an imminent upside crossover of the 10-day (red) and 25-day (blue) moving average.

Has the tide already turned connected SHIB, oregon volition we spot further rises this week? Let america cognize your thoughts successful the comments.

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