In a positive turn of events, Shiba Inu (SHIB) experienced a rise of more than 10% during today’s trading session. This surge in bullish sentiment also led to the meme coin reaching its highest point so far this week. Additionally, Solana (SOL) made significant gains, hitting a ten-day high on Wednesday.
Shiba Inu (SHIB)
Yesterday, Shiba Inu (SHIB) stood out as one of the notable movers in the cryptocurrency market, with its value increasing by over 10% throughout the day.
After hitting a low of $0.000009027 on Tuesday, SHIB/USD experienced a rally and reached an intraday peak of $0.00001002 earlier in today’s session.
This marks the second consecutive price rise for SHIB, propelling the coin to its highest level since Sunday.
The surge in momentum has resulted in the 14-day relative strength index (RSI) reaching a ceiling at 66.00.
Currently, the RSI stands at 65.67, while the value of Shiba Inu has fallen from its previous high.
SHIB/USD is currently being traded at $0.000009749.
Solana (SOL)
Solana (SOL) continued its positive streak, entering the green zone for the third consecutive trading session as it moves closer to the $25.00 mark.
On Wednesday, SOL/USD jumped to a high of $24.91, following a brief dip to $23.21 the day before.
This upward movement has brought the cryptocurrency to a ten-day high and has it nearing the $25.00 resistance level.
Currently, the price strength of SOL is approaching its own resistance point at 60.00, currently registering at 58.27.
If it manages to surpass the 60.00 zone, there is a strong possibility that Solana will be trading above $25.00.
If you want to receive weekly price analysis updates directly to your inbox, register your email here.
Please share your thoughts in the comments section. Do you believe this bullish trend will continue for the remainder of the week?
Hashtags: #cryptocurrency #ShibaInu #SHIB #Solana #SOL #trading #bullish #memecoin #crypto
SEO Keywords: Shiba Inu, SHIB, Solana, SOL, cryptocurrency market, bullish sentiment, meme coin, price rise, trading session, resistance level, price strength, weekly analysis.
Keyphrase: Shiba Inu and Solana Experienced Gains as Cryptocurrency Markets Rally
Image: https://weeklyfinancenews.online/wp-content/uploads/2023/08/sbf.jpg
Comments are closed.