Biggest Movers: DOGE up 30%, Following Twitter Logo Change

Dogecoin continued to commerce near a four-month excessive on Tuesday, following a 30% worth surge to begin the week. The rally got here after Twitter modified its brand from the standard blue chook, to a cartoon image of Doge. Shiba inu was additionally increased, because it moved to a multi-week excessive.

Dogecoin (DOGE)

Dogecoin (DOGE) was one in every of in the present day’s largest gainers, as markets continued to react to Twitter’s logo change.

DOGE/USD raced to a excessive of $0.1026 late on Monday, following a low of $0.07663 earlier within the day.

As a results of this transfer, the meme coin rose to its strongest level since December 5, when it hit a peak of $0.1118.

Looking on the chart, Tuesday’s surge seems to coincide with the relative power index (RSI) breaking out of a ceiling at 70.00.

At the time of writing, the index is monitoring at 73.45, which is its highest studying since November.

Overall, dogecoin is up over 30% on the time of writing, and practically 40% increased than on the identical time final week.

Shiba Inu (SHIB)

Another notable gainer on Tuesday was shiba inu (SHIB), which moved to a three-week excessive prior to now a number of hours.

Following a low of $0.00001065 to begin the week, SHIB/USD climbed to a peak of $0.00001157 yesterday night.

This resulted in costs leaping by as a lot as 6%, hitting their highest stage since March 14 within the course of.

Similar to DOGE, the transfer seemingly happened following a breakout of a key resistance stage of 55.00 on the RSI indicator.

Price power is now monitoring at 55.76, and seems to be heading in the direction of the next ceiling at 58.00.

Should it attain its obvious goal, SHIB will probably transfer past March’s excessive of $0.00001184.

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Do you count on dogecoin and shiba inu to increase this rally additional into the week? Let us know your ideas within the feedback.