Dogecoin traded for the first time in weeks on January 1st. I priced it high. 5, as Memecoin rose after recent consolidation. Shiba Inu was also on the green after today’s profit.
Dogecoin (DOGE) rose for the second time in a row on Thursday, meme his coin moved away from the recent consolidation spell.
Following Wednesday’s low of $0.07181, DOGE/USD rose to an intraday peak of $0.07503 today.
The move sent the token to its highest level since December 27th. At this time, the price was in the midst of a prolonged sell-off.
Since then, the Dogecoin bulls appeared to be back in action. This coincides with traders finally returning from the recent Christmas and New Year. celebration.
As can be seen from the
chart, price gains also occur when the 14-day Relative Strength Index (RSI) briefly breaks through key resistance zones.
Index is currently hovering at 42.81, just above the 42.00 ceiling
Shiba Inu (SHIB)
The riser was fellow meme coin Shiba Inu (SHIB) also rose in consecutive sessions.
SHIB/USD surged to a peak of $0.000008531 earlier today after he bottomed out at $0.000008171 on Wednesday.
Thursday’s surge in prices pushed the Shiba Inu to its highest since December 18 before the holiday season consolidation.
chart, today’s move shows that the SHIB is below his $0.00000850 recent resistance point. It breaks out and the RSI follows suit.
Price strength has surged past its own ceiling at the 50.00 level and is currently tracking at 51.63.
Despite this sign of bullish sentiment, the next visible upper bound is approaching 53.00.
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