{"id":20577,"date":"2022-06-21T18:58:52","date_gmt":"2022-06-21T18:58:52","guid":{"rendered":"http:\/\/egrowonline.com\/?p=20577"},"modified":"2022-06-21T18:58:52","modified_gmt":"2022-06-21T18:58:52","slug":"doge-shib-near-10-day-highs-following-recent-surges-in-price-market-updates-bitcoin-news","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=20577","title":{"rendered":"DOGE, SHIB Near 10-Day Highs, Following Recent Surges in Price \u2013 Market Updates Bitcoin News"},"content":{"rendered":"


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SHIB was trading almost 15% higher during today\u2019s session, as its price approached a ten-day high. Its fellow meme coin, DOGE, was also in the green on Tuesday, with prices hitting their highest point since June 12.<\/b><\/p>\n

Shiba Inu (SHIB)<\/h2>\n

SHIB was once again in the green on Tuesday, as it continued to move away from this weekend\u2019s lows.<\/span><\/p>\n

Over the weekend, SHIB\/USD fell to an intraday low of $0.00000707, which was its lowest point since October 2021.<\/span><\/p>\n

Since then, prices have picked up momentum, and today saw prices hit an intraday peak of $0.000009556.<\/span><\/p>\n

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SHIB\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

This is the most the meme coin has traded at since June 12, and comes as bulls are attempting to recapture a key resistance point.<\/span><\/p>\n

Looking at the chart, this ceiling appears to be the $0.00001135 point, which hasn\u2019t seen a true breakout since early May.<\/span><\/p>\n

Overall sentiment in SHIB seems to have turned bullish, with relative strength now tracking at its highest point since April.<\/span><\/p>\n

Dogecoin (DOGE)<\/h2>\n

Since Elon Musk stated that he will continue to support DOGE despite its recent declines in price, the token has racked up steady gains.<\/span><\/p>\n

These gains have seen prices of DOGE\/USD climb to an intraday high of 0.0668 in today\u2019s session, which is the most prices have traded at in nine days.<\/span><\/p>\n

Overall, prices have climbed from a bottom of 0.0494 on Saturday, which was a 15-month low, to now trading nearly 20% higher.<\/span><\/p>\n

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DOGE\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

However, this momentum may be challenged, with the 14-day RSI appearing to have reached a key resistance point.<\/span><\/p>\n

This is the 44.50 ceiling, which hasn\u2019t been broken since May 3, when DOGE was trading at $0.1330.<\/span><\/p>\n

Should we see this level broken, then we could see an influx of more bulls looking to take prices back towards that point.<\/span><\/p>\n

Do you expect meme coins to survive a crypto winter? Let us know your thoughts in the comments.<\/i><\/b><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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