Dogecoin rallied connected Feb. 15, arsenic Elon Musk tweeted a representation of a Shiba Inu dog, with the caption: “The caller CEO of Twitter is amazing.” Following this tweet, some dogecoin and shiba inu surged, extending caller gains. Overall, the planetary cryptocurrency marketplace headdress is 2.42% higher arsenic of writing.
Dogecoin (DOGE)
Dogecoin (DOGE) roseate by arsenic overmuch arsenic 6% connected Wednesday, arsenic markets reacted to tweets from Tesla CEO Elon Musk.
DOGE/USD surged to an intraday precocious of $0.08707 earlier successful today’s session, which comes a time aft trading astatine a bottommost of $0.08141.
Today’s determination saw the meme coin ascent for a 2nd consecutive session, breaking retired of a absorption level astatine $0.0840 successful the process.

Upside momentum comes arsenic the 14-day comparative spot scale (RSI) surged, and arsenic of penning it is tracking astatine 50.81
Price spot has present risen to its highest constituent successful astir a week, and is accelerated approaching a ceiling astatine 52.00.
As a effect of this, earlier gains person somewhat eased, with dogecoin present trading astatine $0.08656.
Shiba Inu (SHIB)
Shiba inu (SHIB) besides roseate for a 2nd consecutive day, breaking retired of a absorption level of its own.
Following a debased of $0.00001222 connected Tuesday, SHIB/USD raced to an intraday precocious of $0.00001313 earlier successful the day.
Like with dogecoin, today’s rally saw the meme coin contention past a ceiling astatine $0.00001285, climbing by astir 6% successful the process.

As tin beryllium seen from the chart, determination was besides a breakout connected the RSI indicator, which moved beyond a ceiling astatine 55.00
Currently, the scale is tracking astatine 56.95, with the nearest constituent of absorption astatine the 61.00 mark.
There is simply a accidental that aboriginal bulls volition opt to instrumentality nett adjacent to this point, arsenic wide marketplace sentiment remains partially bearish.
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Could meme coins proceed to rally arsenic the week progresses? Let america cognize your thoughts successful the comments.
Eliman Dambell
Eliman brings an eclectic constituent of presumption to marketplace analysis. He was antecedently a brokerage manager and online trading educator. Currently, helium acts arsenic a commentator crossed assorted plus classes, including Crypto, Stocks and FX, whilst besides a startup founder.
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