Biggest Movers: SHIB Surges to 5-Week High, APE up for Fifth Straight Day

Shiba inu moved to a five-week precocious during Tuesday’s session, contempt cryptocurrency markets mostly consolidating. As of writing, the planetary crypto marketplace headdress is trading 0.20% lower, nevertheless the meme coin is up by astir 5%. Apecoin besides surged successful today’s session, arsenic it roseate to its strongest constituent since November.

Shiba Inu (SHIB)

Shiba inu (SHIB) was 1 of Tuesday’s notable gainers, arsenic prices of the token roseate for a sixth consecutive session.

SHIB/USD surged to an precocious of $0.000009593 earlier successful the day, which comes little than 24 hours aft trading astatine a debased of $0.000008603.

As a effect of this latest surge successful price, shiba inu climbed to its highest constituent since December 5.

SHIB/USD – Daily Chart

From the chart, it appears arsenic though today’s rally came pursuing an upwards crossover of the 10-day (red) and 25-day (blue) moving averages.

In summation to this, the 14-day comparative spot scale (RSI) has risen supra a caller ceiling astatine 65.50.

Currently, the scale is tracking astatine 67.50, with the adjacent disposable ceiling astatine the 73.00 zone.

Apecoin (APE)

Apecoin (APE) was different large mover successful today’s session, extending caller gains to a 5th consecutive day.

Following a debased of $4.50 to commencement the week, APE/USD raced to an intraday highest of $4.98 earlier successful the day.

The determination pushed apecoin to its highest level since November 5, and came pursuing a breakout of a terms ceiling astatine $4.60.

APE/USD – Daily Chart

As a effect of today’s surge, the RSI connected the APE illustration is present astatine its strongest constituent connected record, with a speechmaking of 79.09.

This means that prices are present heavy successful overbought territory, which could mean that bears are preparing for reentry.

Despite this imaginable reversal, bulls are seemingly inactive targeting a ceiling astatine $5.30, which hasn’t been deed since October 11.

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Could apecoin rally to deed $5.30 during the period of January? Let america cognize your thoughts successful the comments.

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