Saturday saw shiba inu climb to its highest point since Monday, as bulls made a slight return to the market. The meme coin rose by as much as 4% on Saturday, as the global crypto market cap made gradual gains to start the weekend. Solana was another notable mover, climbing above the $22.00 zone.
Shiba Inu (SHIB)
Shiba inu (SHIB) rallied for a third straight session on Saturday, as the meme coin jumped nearly 4% higher in the day.
Following a low of $0.000006828 on Friday, SHIB/USD climbed to a peak of $0.000007099 to start the weekend.
This is the highest point that SHIB has hit since Monday, when price was trading at a high of $0.00000721.
The rally started after bulls rejected a breakout of a floor at $0.00000670 earlier this week, and they now look to be taking the coin to a resistance level of $0.00000760.
From the chart, it appears that the surge has resulted in the relative strength index (RSI) moving above its own ceiling at 45.00.
At the time of writing, price strength is at a reading of 46.39, with the next visible point of resistance at 51.00.
Solana (SOL)
Solana (SOL) extended its own gains to start the weekend, as the cryptocurrency finally rose above $22.00.
SOL/USD peaked at $22.20 earlier in today’s session, which comes following Friday’s low at the $21.39 level.
Earlier gains have since eased as the day matured, which came after bulls began to close previous positions.
One reason for this can be attributed to the RSI, which collided with a ceiling around the 53.00 region.
Currently, the index is tracking at 53.02, with solana trading at $21.92, as momentum begins to shift.
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Will solana remain below $22.00 for the rest of the weekend? Let us know your thoughts in the comments.
via Eliman Dambell
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