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Meme cash remained larger on Tuesday, regardless of cryptocurrency markets largely buying and selling within the crimson. Dogecoin is now over 130% larger within the final week, because the token climbed to its highest level since April. Shiba inu was additionally larger, climbing again above a key worth ceiling.
Dogecoin (DOGE)
Dogecoin (DOGE) prolonged current good points on Tuesday, because the token surged to a recent multi-month excessive.
Following a low of $0.117 to start out the week, DOGE/USD raced to an intraday peak of $0.1572 throughout at present’s session.
The rally sees the meme coin transfer to its highest level since April, and as of writing it’s buying and selling over 130% larger from the identical level final week.
This current surge in dogecoin comes as Tesla CEO and long-term meme coin supporter Elon Musk not too long ago accomplished his takeover of Twitter.
On Tuesday, Musk additionally tweeted an image of a shiba inu canine carrying a Twitter banner, which some consider may very well be an endorsement.
As of writing, the 14-day relative energy index (RSI) is now monitoring at 90.24, which is the best level for the index in over a yr.
Shiba Inu (SHIB)
Following the tweet from Elon Musk, shiba inu (SHIB) was additionally larger, as costs climbed above a key resistance stage.
SHIB/USD surged to a excessive of $0.00001345 earlier in at present’s session, gaining for a second straight day within the course of.
As referenced earlier, the transfer got here because the meme coin rose previous its current ceiling of $0.00001300.
Wanting on the chart, the RSI for SHIB is presently monitoring at 65.30, which is just below the following seen ceiling of 70.00.
Ought to worth energy proceed to rise, we might see bulls try to recapture final Saturday’s excessive of $0.00001518.
Each the 10-day (crimson), and 25-day (blue) shifting averages seem like trending larger, which is one other constructive indication for bulls.
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Might we see shiba inu recapture current highs this week? Tell us your ideas within the feedback.
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