Biggest Movers: SHIB Surges to 2-Week High on Friday
Shiba inu was a notable gainer on Friday, climbing to a two-week high during today’s session in the process.
The move came as the meme coin rose by as much as 6%, despite the global crypto market cap mostly consolidating.
Tron rose for a fourth straight session today.
Shiba inu (SHIB) rallied to a two-week high on Friday,
after breaking out of a key resistance level.
SHIB/USD surged to a peak of
$0.000008217 earlier in today’s session, following Thursday’s low at
$0.000007754. Friday’s move came as
shiba inu broke out of a key resistance level at the
$0.000008000 mark, hitting its highest point since
June 15 in the process.
Another reason for today’s action appears to be the relative strength index
(RSI) moving above a ceiling
at 55.00. Currently, price strength is tracking at the
60.09 level, which is marginally below a ceiling at 61.00.
Should bulls manage to race past this point, there is a good chance the next target price will be
$0.000008500.
