SHIB was trading 10% higher on Saturday, as the crypto markets were mainly in the green. NEAR was also higher on Saturday, now prices are rising for three consecutive sessions. Overall, the crypto markets are up 2.73% as of writing.
Shiba Inu (SHIB)
SHIB was one of the notable movers in the crypto markets on Saturday, as prices rose by more than 10% to begin the weekend.
Mem coin price hit an intraday high of $0.0001178 in today’s session, the third consecutive daily gain in SHIB.
As a result of Saturday’s surge, SHIB/USD is now trading up almost 50% over the past seven days alone, making it one of the biggest movers of that period.
Looking at the charts, today’s price rally is seen near this week’s high of $0.00001209, which is the coin’s highest since May 31.
If this week’s upward move continues, the bulls may attempt to reclaim this point in the coming days.
A stumbling block could come via the 14-day RSI, which is currently tracking the resistance point of 56.60, which is also its highest point since late March.
If the SHIB bulls continue to put even more pressure on the current bears, we will need to break this range.
Near Protocol (Near)
NEAR was another big gainer on Saturday, as bulls extended recent gains for the third consecutive session.
The world’s 25th largest crypto token peaked at $4.39 earlier in the day, and this comes after its $4.20 threshold was breached.
The move sees NEAR climbing to its highest point in two weeks, and traders are set on taking the price above $5.
For this to happen, it seems like there is a minor range at $4.75 which the bulls will need to overcome in order to regain this level.
As of writing, the 14-day RSI is tracking a three-month peak, which is also a point of resistance and could potentially prevent the price from climbing further.
Do you expect a break above the $5 level this weekend? Let us know your thoughts in the comments.
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