Shibabu remained near three-month highs to start the week after breaking through key resistance levels over the weekend. The surge in meme coins came despite the crypto market being mostly in the red on Monday. Another token that rose during today’s bearish session was unus sed leo, which hit a two-week high.
Shiba Inu (SHIB)
Shiba Inu (SHIB) saw a notable rally at the end of the week as the meme coin remained near a 3-month high.
After hitting an intraday high of $0.00001790 on Sunday, SHIB/USD rallied to a peak of $0.00001774 earlier in the session today.
Thus, the first spike occurred as SHIB/USD broke out of the key price ceiling of $0.00001290, which has held firm since May 11.
After surging above this point, the index hit a high of 83.24, its strongest reading since October 2021.
Since this peak, the RSI has moved slightly lower, tracking at a point of 74.18 at the time of writing.
Overall, as a result of overbought prices, SHIB bulls appear to have abandoned their previous positions.
Unus sed leo (LEO)
In addition to SHIB, unus sed leo (LEO) also made a big move in today’s session, rising to its highest level in two weeks.
LEO/USD surged to an intraday high of $5.35 to start the week’s session as bulls look to break the $5.40 resistance level.
Today’s peak comes as the token rallied for the fifth consecutive session and in turn hit its highest point since July 29.
Like the Shiba Inu mentioned earlier, the RSI indicator for LEO has also moved higher and above its own ceiling of 48.90.
It is currently chasing a peak of 58.72, its highest level since July 7. price strength will need to continue to rise and exceed $60 if it is going to break through $5.40.
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Image Credits: Shutterstock, Pixabay, Wiki Commons, Dennis Diatel / Shutterstock.com.
