Shiba inu was a notable gainer on Friday, climbing to a two-week high during today’s session in the process. The move came as the meme coin rose by as much as 6%, despite the global crypto market cap mostly consolidating. Tron rose for a fourth straight session today.
Shiba Inu (SHIB)
Shiba inu (SHIB) rallied to a two-week high on Friday, after breaking out of a key resistance level.
SHIB/USD surged to a peak of $0.000008217 earlier in today’s session, following Thursday’s low at $0.000007754.
Friday’s move came as shiba inu broke out of a key resistance level at the $0.000008000 mark, hitting its highest point since June 15 in the process.
Another reason for today’s action appears to be the relative strength index (RSI) moving above a ceiling at 55.00.
Currently, price strength is tracking at the 60.09 level, which is marginally below a ceiling at 61.00.
Should bulls manage to race past this point, there is a good chance the next target price will be $0.000008500.
Tron (TRX)
Tron (TRX) extended a recent bull run for a fourth day, with today’s move taking the token to its highest point since last Sunday.
Following a low of $0.08221 on Thursday, TRX/USD climbed to an intraday high of $0.08417 earlier in today’s session.
Tron bulls appear to be targeting a resistance level at $0.0860, which was last hit during last Saturday’s peak of $0.0943.
Since hitting that 20-month high TRX has mostly consolidated, however bullish momentum seems to be gradually returning.
This comes after the relative strength index (RSI) moved beyond a ceiling of its own at 63.00, and is now tracking at 64.84.
If current sentiment remains, TRX could reach $0.0860 in the coming days.
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What is behind tron’s recent bull run? Let us know your thoughts in the comments.
