Doge reaches 8-week high as Meme Coins Rally on Tuesday-market tactualizations

Dogecoin climbed on January 31 for an eight-week high when the courses broke out on Tuesday over an important level of resistance. After the publication of the latest consumer confidence report, the MEM Coin rose sharply in the United States. Shiba Inu also moved higher and recovered from the losses at the beginning of the week.

Dogecoins (Doge)

Dogecoin (Doge) raced higher on Tuesday than the Meme Coin broke out of an important level of resistance.

After a low of $ 0.08578 at the beginning of the week, Doge/USD rose to an intra-raday high of $ 0.095

As a result of the increase, Dogecoin rose to his strongest point since December 11th, when prices were at a maximum of $ 0.0972.

Earlier profits have subsided since the movement, since the 14-day relative strength index (RSI) collided with its own upper limit.

At the moment, the index moves at 65.03, which is slightly above a resistance level of 65.00

Provided that the bulls are able to maintain the current dynamics, your next goal will probably be $ 0.099.

Shiba Inu (Shib)

Another remarkable movement was Shiba Inu (Shib), which recovered after losses at the beginning of the week.

Shib/USD rose to a high of $ 0.00001195 in today's session, which comes one day after the low of $ 0.00001134.

The increase on Tuesday Shib again had an important level of support of $ 0.0000165, and the RSI also recovered.

At the moment, the index is currently 62.57, which is slightly above a lower limit of 60.00

If the momentum continues to rise, the next destination for Shiba-Inu bulls will probably be an upper limit at 68.00

Provided that this brand is reached, it is very likely that Shib/USD will be traded over $ 0.00001220.

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could we experience another rally of the meme coins in the coming days? Share your thoughts in the comments.

Eliman Damell

Eliman brings an eclectic point of view to the market analysis. Previously, he was a brokerage director and online trading instructor. He currently acts as a commentator for various investment classes, including crypto, stocks and foreign exchange, and is also the founder of a startup.

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