Greatest Movers: DOGE, SHIB Surge as Elon Musk Tweets Canine CEO Photos
February 15, 2023
Dogecoin rallied on Feb. 15, as Elon Musk tweeted an image of a Shiba Inu canine, with the caption: “The brand new CEO of Twitter is superb.” Following this tweet, each dogecoin and shiba inu surged, extending current beneficial properties. Total, the worldwide cryptocurrency market cap is 2.42% larger as of writing.
Dogecoin (DOGE)
Dogecoin (DOGE) rose by as a lot as 6% on Wednesday, as markets reacted to tweets from Tesla CEO Elon Musk.
DOGE/USD surged to an intraday excessive of $0.08707 earlier in immediately’s session, which comes a day after buying and selling at a backside of $0.08141.
As we speak’s transfer noticed the meme coin climb for a second straight session, breaking out of a resistance stage at $0.0840 within the course of.
Upside momentum comes because the 14-day relative power index (RSI) surged, and as of writing it’s monitoring at 50.81
Worth power has now risen to its highest level in almost every week, and is quick approaching a ceiling at 52.00.
Because of this, earlier beneficial properties have considerably eased, with dogecoin now buying and selling at $0.08656.
Shiba Inu (SHIB)
Shiba inu (SHIB) additionally rose for a second consecutive day, breaking out of a resistance stage of its personal.
Following a low of $0.00001222 on Tuesday, SHIB/USD raced to an intraday excessive of $0.00001313 earlier within the day.
Like with dogecoin, immediately’s rally noticed the meme coin race previous a ceiling at $0.00001285, climbing by almost 6% within the course of.
As may be seen from the chart, there was additionally a breakout on the RSI indicator, which moved past a ceiling at 55.00
At the moment, the index is monitoring at 56.95, with the closest level of resistance on the 61.00 mark.
There’s a likelihood that early bulls will decide to take revenue shut thus far, as total market sentiment stays partially bearish.
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Might meme cash proceed to rally because the week progresses? Tell us your ideas within the feedback.
