SHIB moves to 5-week high as APE moves to 2-month peak.
. As of writing, the global crypto market cap is trading 0.20% lower, however the meme coin is up by nearly 5%. Apecoin also surged in today’s session, as it rose to its strongest point since November.Shiba inu was one of Tuesday’s notable gainers, as prices of the token rose for a sixth straight session.
From the chart, it appears as though today’s rally came following an upwards crossover of the 10-day and 25-day moving averages.Currently, the index is tracking at 67.50, with the next visible ceiling at the 73.00 zone.Apecoin was another big mover in today’s session, extending recent gains to a fifth consecutive day.
The move pushed apecoin to its highest level since November 5, and came following a breakout of a price ceiling at $4.60.As a result of today’s surge, the RSI on the APE chart is now at its strongest point on record, with a reading of 79.09.
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