The crypto market was largely green, with SHIB trading as much as 10% higher on Saturday; NEAR was also higher on Saturday and prices have now risen for three consecutive sessions. Overall, the crypto market is up 2.73% at the time of writing.
SHIB was one of the notable movers in the crypto market on Saturday, with prices up over 10% to start the weekend.
The price of the meme coin rose to an intraday high of $0.00001178 in today’s session, the third consecutive daily rise for SHIB.
As a result of Saturday’s surge, SHIB/USD is now trading about 50% higher over the past seven days alone, one of the biggest moves in that period.
The chart shows that today’s rally is near this week’s high of $0.00001209, the highest the token has recorded since May 31.
If this week’s momentum continues to climb, bulls will likely try to retake this point in the coming days.
The 14-day RSI is currently at a resistance point of 56.60, also the highest since late March, which could be a drag.
If the SHIB bulls are to put more pressure on the current Bears, they will need to break out of this ceiling.
Near Protocol (NEAR)
NEAR had another big rally on Saturday, as bulls extended their recent rally for a third straight session.
This comes as the world’s 25th largest crypto token rose to a peak of $4.39 earlier in the day and the $4.20 ceiling was breached.
The move would see NEAR rise to its highest price in over two weeks, with traders confirming that the price is set to go above $5.
There appears to be a slight cap at $4.75 for that to happen, but the bulls will need to overcome this level to retake it.
At the time of this writing, the 14-day RSI is tracking at a 3-month peak, which is another resistance point that could prevent prices from rising further.
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