Biggest Movers: DOGE, SHIB Near 10-Day Highs, Following Recent Surges in Price

Biggest Movers: DOGE, SHIB Near 10-Day Highs, Following Recent Surges in Price

SHIB was trading almost 15% higher during today’s session, as its price approached a ten-day high. Its fellow meme coin, DOGE, was also in the green on Tuesday, with prices hitting their highest point since June 12. Shiba Inu (SHIB)

SHIB was once again in the green on Tuesday, as it continued to move away from this weekend’s lows.

Over the weekend, SHIB/USD fell to an intraday low of $0.00000707, which was its lowest point since October 2021.

Since then, prices have picked up momentum, and today saw prices hit an intraday peak of $0.000009556. SHIB/USD – Daily Chart

This is the most the meme coin has traded at since June 12, and comes as bulls are attempting to recapture a key resistance point.

Looking at the chart, this ceiling appears to be the $0.00001135 point, which hasn’t seen a true breakout since early May.

Overall sentiment in SHIB seems to have turned bullish, with relative strength now tracking at its highest point since April.

Dogecoin (DOGE)

Since Elon Musk stated that he will continue to support DOGE despite its recent declines in price, the token has racked up steady gains.

These gains have seen prices of DOGE/USD climb to an intraday high of 0.0668 in today’s session, which is the most prices have traded at in nine days.

Overall, prices have climbed from a bottom of 0.0494 on Saturday, which was a 15-month low, to now trading nearly 20% higher. DOGE/USD – Daily Chart

However, this momentum may be challenged, with the 14-day RSI appearing to have reached a key resistance point.

This is the 44.50 ceiling, which hasn’t been broken since May 3, when DOGE was trading at $0.1330.

Should we see this level broken, then we could see an influx of more bulls looking to take prices back towards that point. Tags in this story Doge, dogecoin, Meme Coins, shib, Shibainu

Do you expect meme coins to survive a crypto winter? Let us know your thoughts in the comments. Eliman Dambell

Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX. Bitcoin, Ethereum Technical Analysis: ETH, BTC Climb for Back-to-Back Sessions for First Time in Nearly 2 Weeks MARKET UPDATES | 10 hours ago Biggest Movers: MKR up 20% to Start the Week, Whilst AVAX Rebound Continues MARKET UPDATES | 1 day ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleTop Privacy Cryptocurrencies by Market Cap Lost Half Their Value in Less Than 2 Months Next articleRussian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’ Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItRipple CEO: SEC Lawsuit Over XRP "Has Gone Exceedingly Well"

The CEO of Ripple Labs says that the lawsuit brought by the U.S. Securities and Exchange Commission (SEC) against him and his company over XRP "has gone exceedingly well." He stressed: "This case is important, not just for Ripple, it’s ... read more.Fidelity Investments Launches Crypto, Metaverse ETFs — Says "We Continue to See Demand" Goldman Predicts US Recession Odds at 35% in 2 Years, John Mauldin Wouldn"t Be Surprised if Stocks Fell 40% Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms Iran to Increase Penalties for Unauthorized Cryptocurrency Mining