Biggest Movers: SHIB hit a 2-month high on Wednesday
Shiba Inu (SHIB) went on a rallying spree on Wednesday as the meme coin managed to reach a 2-month high after Tuesday’s decline.
After a low of $0.00001053, SHIB/USD managed to reach a 1-day high of $0.00001289 earlier in today’s session. Today’s move has definitely got the Shiba Inu climbing to its best price since early November and prices last hit the ceiling of $0.00001290 and looking at the charts we can infer that This is published after prices rebounded from the 14-day Relative Strength Index (RSI) support point at 76.00.
As of writing, the index is eyeing a level of 80.31 which falls in the overbought zone. Earlier gains have been erased and Meme Coin is currently trading at $0.0000124.
Polkadot (DOT) appears to be trading at a 2-month high as the coin recovered and surpassed a key resistance level, trading as high as $6.19 before selling off following the release of US retail sales data. level reached. Sales in the world’s largest economy fell 1.1% in December, compared with the 0.8% drop people had expected and earlier gains have been erased as a result of the news and the price is currently trading at $5.69. The Relative Strength index also indicates that price strength is breaking below the 70.00 floor, and is currently tracking 64.25. Should this reversal worsen, DOT could move to a low of $5.00.
