Shib is on a new 2-month high-market updates on Wednesday

Shiba Inu rose to a high of several months on Wednesday, as the Meme Coin collided with an important price limit. The prices rose by up to 17 %in today's session, since the global market capitalization for cryptocurrencies also tended upwards. Polkadot was once again in the green area, with the token hovering near its own two -month high.

Shiba Inu (Shib)

Shiba Inu (Shib) gathered on Wednesday as Meme Coin rose to a two -month high after declines on Tuesday.

after a low of $ 0.00001053 RASTE SHIB/USD at the beginning of today's session to an intraday height of $ 0.00001289

With today's movement, Shiba Inu has risen to his strongest point since the beginning of November when the prices recently collided with an upper limit of $ 0.00001290.

If you look at the diagram, the movement came when the 14-day relative strength index (RSI) recovered from a support point at 76.00.

At the moment, the index moves at a level of 80.31, which is deep in the overbought area.

previous profits were also wiped out and the Meme Coin is currently being traded at $ 0.0000124.

polkadot (point)

Polkadot (DOT) was still being traded near a two -month high, since the token remained near an important level of resistance.

dot/USD used to jump to a high of $ 6.19 before it was sold after the publication of the US individual sales sales.

sales in the largest economy in the world decreased by 1.1 % in December, more than the decline of 0.8 % that many had expected.

As a result of the message, previous profits have now been destroyed, with the price currently being traded at $ 5.69.

The RSI also gave in, whereby the price strength has fallen below a lower limit of 70.00 and is currently moving at 64.25.

If this reversal is deteriorating, Dot could head to a lower limit of $ 5.00.

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Will Polkadot move further down during the week? 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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