Biggest Movers: SHIB Climbs to 4-Month High, as MemeCoins Rally on Saturday
Shiba inu
surged to a multi-month high on Saturday, as the memecoin extended its recent run of bullish momentum. The rally began as a result of the hopes surrounding its upcoming layer
2 launch. Following a low of
$0.00001001 on Friday,
SHIB/USD rallied to a peak of
$0.00001127 earlier in the day.
The move came as
SHIB surged for a fifth straight day, climbing to its strongest point since
April in the process.
Looking at the chart, the latest rally occurred as the relative strength index
(RSI) moved past a ceiling of
65.00.
Currently,
price strength is at a reading of 74.27, with the next visible resistance zone at the
76.00 mark.
Should bulls hit this target,
SHIB could possibly hit
$0.00001200.
