SHIB Surges to 3-Month High to Start the Weekend
Shiba inu was a notable gainer during Saturday’s session, as the meme coin climbed to a three-month high. The move comes as traders continue to react to Binance’s decision to approve the coin as a collateral asset, in addition to the upcoming launch of Shibarium. Dogecoin also snapped its recent losing streak today. Shiba inu (SHIB) jumped to a three-month high on Saturday, with prices surging by as much as 10%.
Looking at the chart, the move comes as the 14-day relative strength index (RSI) moved past a resistance level of 67.00. At the time of writing, the index is tracking at 73.62, which is its highest level since February. Should momentum continue throughout the weekend, the next target for bulls is likely to be a ceiling at $0.00001025. In addition to SHIB, dogecoin (DOGE) also rose higher today, snapping a three-day losing streak in the process. This coincided with the RSI moving past its own ceiling at the 52.00 mark. It is currently at a reading of 55.84. Despite today’s rally, dogecoin is still trading nearly 3% lower than at the same point last weekend.
