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Biggest Movers: SHIB Surges to 2-Week High on Friday, Whilst TRX Extends Gains

Biggest Movers: SHIB Surges to 2-Week High on Friday, Whilst TRX Extends Gains

Shiba inu was a notable gainer on Friday, climbing to a two-week high during today’s session in the process. The move came as the meme coin rose by as much as 6%, despite the global crypto market cap mostly consolidating. Tron rose for a fourth straight session today.

Shiba Inu (SHIB)

Shiba inu (SHIB) rallied to a two-week high on Friday, after breaking out of a key resistance level.

SHIB/USD surged to a peak of $0.000008217 earlier in today’s session, following Thursday’s low at $0.000007754.

Friday’s move came as shiba inu broke out of a key resistance level at the $0.000008000 mark, hitting its highest point since June 15 in the process.

Another reason for today’s action appears to be the relative strength index (RSI) moving above a ceiling at 55.00.

Currently, price strength is tracking at the 60.09 level, which is marginally below a ceiling at 61.00.

Should bulls manage to race past this point, there is a good chance the next target price will be $0.000008500.

Tron (TRX)

Tron (TRX) extended a recent bull run for a fourth day, with today’s move taking the token to its highest point since last Sunday.

Following a low of $0.08221 on Thursday, TRX/USD climbed to an intraday high of $0.08417 earlier in today’s session.

Tron bulls appear to be targeting a resistance level at $0.0860, which was last hit during last Saturday’s peak of $0.0943.

Since hitting that 20-month high TRX has mostly consolidated, however bullish momentum seems to be gradually returning.

This comes after the relative strength index (RSI) moved beyond a ceiling of its own at 63.00, and is now tracking at 64.84.

If current sentiment remains, TRX could reach $0.0860 in the coming days.

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What is behind tron’s recent bull run? Let us know your thoughts in the comments.



from Bitcoin News https://ift.tt/t9FP1LM
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