SHIBA Inu Surges 10% on Saturday NEAR Hits Two Week High

SHIB traded 10% higher on Saturday as crypto markets were mainly green. NEAR was high on Saturday, and now prices have risen for three consecutive sessions. Overall, crypto markets are up 2.73% at the time of writing.

Shiba Inu (SHIB)

Ship was one of the most significant moves in crypto markets on Saturday as prices rose as much as 10% to start the weekend.

At today’s session the price of the meme currency touched an intraday high of $ 0.00001178, which is SHIB’s third direct daily gain.

As a result of Saturday’s rise, the SHIB / USD has now traded almost 50% higher in the last seven days alone, one of the biggest moves during that period.

Biggest moves: SHIB rose 10% on Saturday, reaching a 2-week high
SHIB / USD – Daily Chart

Looking at the chart, today’s rally has seen prices close to this week’s high of $ 0.00001209, the highest token hit since May 31st.

If the pace continues upwards this week, the bulls will try to recapture this point over the next few days.

A stumble could come via the 14-day RSI, which is currently tracking the resistance point at 56.60, its highest point since late March.

If the SHIB bulls were to put even more pressure on the current bears, we would have to watch this ceiling break.

Near protocol (nearby)

NEAR posted another big gain on Saturday as the bulls extended their recent gains to a third consecutive session.

The world’s 25th largest cryptocurrency rose to $ 4.39 the previous day, and its ceiling has been surpassed by $ 4.20.

The move sees it close to its highest point in two weeks, with traders taking prices above $ 5.

SHIBA Inu Surges 10% on Saturday NEAR Hits Two Week High
SHIBA Inu Surges 10% on Saturday NEAR Hits Two Week High
Near / USD – Daily Chart

To do this, there seems to be a small ceiling at $ 4.75, which the bulls must overcome if they are to recapture this position.

As of writing, the 14-day RSI is at a three-month high, which is a point of resistance and may prevent prices from climbing further.

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Disclaimer: The information provided in this article is solely the author’s opinion and not investment advice – it is provided for educational purposes only. By using this, you agree that the information does not constitute any investment or financial instructions. Do conduct your own research and reach out to financial advisors before making any investment decisions.

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