Shiba Inu traded near two-month highs on Tuesday, although prices fell slightly from yesterday’s peak. At the time of this writing, meme coin prices remain elevated despite the easing of earlier gains. Bitcoin Cash was also higher, rising for the seventh consecutive session.
SHIB continues to move close to these levels, although its upward momentum has slowed after hitting a two-month high yesterday.
The meme coin price hit an intraday high of $0.00001243 on Tuesday, just below Monday’s peak of $0.00001260.
With today’s move, SHIB/USD collided with a long-term resistance level of $0.00001240, which has not been broken since mid-May.