Skip to main content

Biggest Movers: SHIB, XMR Extend Recent Gains on Monday

Shiba inu rose for a third consecutive session on Monday, as the meme coin continued to move away from last week’s lows. Today’s surge comes as the global cryptocurrency market cap was largely unchanged, and is down 0.01% as of writing. Monero was another notable mover to start the week, as it too rose in back-to-back sessions.

Shiba Inu (SHIB)

Shiba inu (SHIB) was in the green to start the week, as the meme coin rose for a third consecutive session.

Following a low of $0.00000848 on Sunday, SHIB/USD surged to an intraday high of $0.00000875 earlier today.

The move saw the token continue to climb away from last week’s low of $0.00000800, which was its weakest point since June.

Looking at the chart, SHIB has somewhat retreated from earlier highs, as price uncertainty increased, as the coin edged closer to a key resistance level.

As of writing, shiba inu is trading at $0.000008684, which is below today’s top, and below a ceiling of $0.000008800.

This comes as the relative strength index (RSI) collided with, but failed to break out of, its own resistance point at the 43.00 mark.

Monero (XMR)

Monero (XMR) was another notable token to climb on Monday, as it also extended a recent bull run.

XMR/USD rose for a third straight day to start the week, hitting a high of $145.97 in the process.

Monday’s move comes as monero continues to move away from a recent support point of $140.00, which was last hit this past Saturday.

As a result of today’s surge, the RSI of 14 days is now hovering around a ceiling at the 53.00 mark, which seems to be an obstacle preventing any further upward moves.

Should this ceiling be broken, the target for XMR bulls will likely be a ceiling of $150.00, which is where the token was trading prior to last week’s U.S. Federal Reserve interest rate decision.

As of writing, XMR/USD is trading at $145.25, which is still 1.42% higher than Sunday’s low of $143.00.

Register your email here to get weekly price analysis updates sent to your inbox:

Will we see XMR hit $150.00 before Christmas day? Let us know your thoughts in the comments.



from Bitcoin News https://ift.tt/3aXCBZ8
Labels:

Comments

Post a Comment

Popular posts from this blog

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m
10 comments
Read more

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli
Post a Comment
Read more

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought
Post a Comment
Read more