Doge, Shib will climb on Thursday at multi -week highs - market tactualizations

Dogecoin raced to a multi-week high on January 5th than Meme coins rose higher after the last days of consolidation. The coin rose for the second time in a row on Thursday, which is ahead of the US working market numbers outside of agriculture on Friday. Shiba Inu was also in the green after today's winnings.

Dogecoins (Doge)

Dogecoin (Doge) rose for the second time in a row on Thursday, like the Meme Coin has moved away from a consolidation phase of recent times.

After a low of $ 0.07181 on Wednesday, Doge/USD climbed to an intra-raday high of $ 0.07503.

The movement brought the token to its highest level since December 27th when the price was in the middle of a continuing sale.

Since then, the Dogecoin bulls seem to have become active again, which coincides with the fact that the dealers have finally returned from the last Christmas and New Year's celebrations.

As can be seen in the chart, the price increase is also due to the fact that the 14-day relative strength index (RSI) has broken out from an important resistance zone.

The index currently pursues 42.81, which is slightly above an upper limit of 42.00

Shiba Inu (Shib)

Another remarkable winner on Thursday was Fellow Meme Coin Shiba Inu (Shib), who also rose for a back-to-back session.

Shib/USD rose to a maximum of $ 0.000008531 this morning after it had fallen to a low of $ 0.000008171 on Wednesday.

The price increase on Thursday Shiba Inu sent his strongest point since December 18, before consolidating the holiday season.

If you look at the diagram, today's movement also saw that Shib broke out at a recent resistance point at $ 0.00000850, and the RSI also followed this example.

The price strength increased beyond its own upper limit at 50.00 and is currently 51.63.

Despite this sign of an interest bullish mood, the next visible upper limit is 53.00 close, which could lead to the fact that former householders choose profits and make positions.

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Do you expect this rally to continue this week at Meme Coins? Share your thoughts in the comments.

Eliman Damell

Eliman brings an eclectic view of the market analysis, he was previously a broker director and trainer in retail. He currently acts as a commentator for various investment classes, including crypto, stocks and foreign exchange.

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