Biggest Movers: SHIB, DOT Remain Near 3-Month Highs, Despite Crypto Markets Falling

Shiba inu was one in every of Friday’s largest gainers, because the meme coin remained near a latest three month excessive. The token has been within the inexperienced for almost all of at present’s session, regardless of the worldwide cryptocurrency market cap falling 1.28% on the time of writing. Polkadot was additionally larger, because it continued to commerce above a key value ceiling.

Shiba inu (SHIB)

Shiba inu (SHIB) was a notable mover on Friday, with costs remaining near yesterday’s three month excessive.

SHIB/USD rose to a excessive of $0.00001291 on Thursday, which was its strongest level since November, nonetheless fell decrease, as bulls moved to take income.

As merchants deserted their positions, SHIB fell to a low of $0.00001196 yesterday, nonetheless costs have since recovered, and are at the moment sitting at $0.00001251.

Looking on the chart, Thursday’s decline pushed SHIB in direction of a ground at 61.00 on the relative power index (RSI), nonetheless bulls rejected a breakout.

As of penning this, the index is monitoring at 69.41, which is marginally beneath a resistance level at 70.00.

In order for SHIB to recapture yesterday’s peak, this ceiling at 70.00 will first have to be damaged.

Polkadot (DOT)

Polkadot (DOT) additionally maintained bullish momentum in at present’s session, because the token continued to commerce above a key resistance stage.

After giving up a excessive of $6.84 on Thursday, DOT/USD dropped to a low of $6.53 later within the day.

The token has since rebounded, and as of writing that is at the moment buying and selling at $6.79, which is marginally beneath a ceiling at $6.80.

Looking on the chart, the 14-day RSI indicator is at a studying of 66.53, and is quick approaching a ceiling of 68.00.

Similar to SHIB, DOT merchants might want to race previous this level to ensure that market momentum to stay bullish.

Should this occur, then it’s attainable that polkadot might transfer nearer to the $7.00 mark.

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Could we see polkadot hit $7.00 earlier than the top of the week? Let us know your ideas within the feedback.