Shiba Inu hits five-week high on Tuesday The session, despite the fact that the cryptocurrency market is largely consolidated. At the time of writing, the global cryptocurrency market cap is trading down 0.20% while Memecoin is up nearly 5%. Apecoin also surged in today’s session, rising to its highest level since November.
Shiba Inu (SHIB)
Shiba Inu (SHIB) was one of Tuesday’s notable risers, with the token’s price rising for his sixth straight run. bottom.
SHIB/USD traded at a low of 0.000008603 and within 24 hours he surged to a high of 0.000009593 earlier in the day.
As a result of this latest price spike, the Shiba Inu rose to its highest price since December 5th.
chart, today’s uptrend is the 10-day (red) and 25-day (blue) moving averages It appears to occur following an upward crossover of lines.
In addition, the 14-day Relative Strength Index (RSI) rose above its recent high of 65.50.
The index is now tracking 67.50 and the next visible peak is the 73.00 zone.
Apecoin (APE)
Apecoin (APE) was another big move in today’s session, extending his recent gains for a fifth straight day.
Following an early week low of $4.50, APE/USD raced to an intraday peak of $4.98 earlier in the day.
The move pushed apecoin to its highest level since November 5th, coming after breaking the $4.60 price cap.
Following today’s surge, the APE chart’s RSI is now at its strongest point on record, at 79.09 reading.
This could mean that the price is currently in overbought territory and that the bears are preparing for a re-entry.
Despite this potential reversal, the bulls still appear to be targeting the $5.30 cap, which has not been reached since October 11th.
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