Biggest Movers: DOGE Hits 8-Week High as Meme Coin Rally on Tuesday
Dogecoin (DOGE) managed to move higher on Tuesday as the meme coin managed to break out of a key resistance.
DOG COIN reached a 1-day high of $0.095 earlier in today’s session after going down to a certain level of $0.08578 to start the week and as a result of the rally, the coin is at its highest and strongest since December 11. The price managed to reach while the prices were at the high level of $0.0972. The earlier gains have been pared down after this event and the 14-day Relative Strength Index has hit its own ceiling. As of writing, the index is trading at 65.03, which is slightly above the resistance level of 65.00. Definitely in today’s session we can say that the current position will hold but the next target is likely to be $0.099.
Another notable gainer was Shiba Inu (SHIB), which bounced back after losses to start the week and hit a high of $0.00001195 in today’s session, a day after the coin hit a low of $0.00001134. has come. This Tuesday’s surge saw the coin climb above the key support level of $0.00001165, and from the rebound of the RSI we can see that the index is currently tracking at 62.57 at the time of writing, which is a low of 60.00. Slightly above. If this situation can hold and the momentum moves further then we can say that, then the next target for the Shiba Inu bulls is likely to be the ceiling of 68.00. If this mark is hit then we can say that SHIB/USD will be trading above $0.00001220.
