Shib rises to 5-week high, APE increased on the fifth day in a row-market tactualizations

Shiba Inu reached a five-week high on Tuesday, although the cryptocurrency markets largely consolidated. At the moment, global crypto market capitalization is traded by 0.20 % lower, but the Meme Coin has increased by almost 5 %. Apecoin also rose sharply in today's session, as it rose to its strongest point since November.

Shiba Inu (Shib)

Shiba Inu (Shib) was one of the remarkable winners on Tuesday when the prices of the token rose for the sixth time in a row.

Shib/USD previously rose to a high of $ 0.000009593, which is reached less than 24 hours after trading at a low of $ 0.000008603

As a result of this latest price increase, Shiba Inu has been climbing to its highest level since December 5th.

from the chart it looks as if today's rally was carried out after an upward crossover of the sliding 10-day (red) and 25-day average (blue).

In addition, the 14-day relative strength index (RSI) has increased over a recent upper limit of 65.50

The index is currently moving at 67.50, with the next visible upper limit in the range of 73.00

apecoin (ape)

apecoin (APE) was another great promoted in today's meeting and extended the recent profits to a fifth day in a row.

After a low of $ 4.50 at the beginning of the week, APE/USD raced earlier a day at an intraaday maximum of $ 4.98

The movement brought APECOIN to the highest level since November 5 and took place after the outbreak of a price limit of $ 4.60

As a result of today's increase, the RSI is now on the APE chart with a value of 79.09 at its strongest point since the start of the records.

This means that the prices are now deep in the overbaufed area, which could mean that the bears are preparing for re -entry.

Despite this potential trend reversal, the bulls still strive for an upper limit of $ 5.30, which has not been achieved since October 11th.

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could APECOIN rise to $ 5.30 in January? 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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