Biggest Movers: SHIB Remains Near 3-Month High, Whilst LEO Hits 2-Week High 

Shiba inu remained near a three-month excessive to begin the week, after breaking out of a key resistance degree over the weekend. The surge of the meme coin got here regardless of the crypto market largely being within the crimson on Monday. Another token that rose throughout at present’s bearish session was unus sed leo, which hit a two-week excessive.

Shiba inu (SHIB)

Shiba inu (SHIB) was a notable gainer to begin the week, because the meme coin remained close to to a three-month excessive.

Following an intraday excessive of $0.00001790 on Sunday, SHIB/USD rallied to a peak of $0.00001774 earlier in at present’s session.

The preliminary surge got here as SHIB broke out of a key value ceiling of $0.00001290, which had been holding agency since May 11.

Looking on the chart, this got here because the 14-day relative energy index (RSI) rose above its personal resistance at 62.40.

After surging above this level, the index hit a excessive of 83.24, which is its strongest studying since October 2021.

Since this peak, the RSI has moved marginally decrease, and as of writing is monitoring at some extent of 74.18.

Overall, it seems as if SHIB bulls have deserted their earlier positions, because of costs turning into overbought.

Unus Sed Leo (LEO)

In addition to SHIB, unus sed leo (LEO) was one other huge mover in at present’s session, with it climbing to its highest level in two weeks.

LEO/USD raced to an intraday excessive of $5.35 to begin this week’s session, as bulls tried to interrupt a resistance degree of $5.40.

Today’s peak comes because the token rose for a fifth consecutive session, and in flip hit its highest level since July 29.

Similar to shiba inu earlier, the RSI indicator on LEO additionally climbed, shifting previous its personal ceiling of 48.90.

As of writing, the index is now monitoring at a peak of 58.72, which is its highest degree since July 7.

Should bulls try to interrupt the $5.40 level, then value energy might want to proceed to climb, and transfer past the 60 mark.

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Will at present’s bearish session prolong into the rest of the week? Let us know your ideas within the feedback.