Businessnewshubb
Advertisement
  • Home
  • World
  • Business News
  • Markets
  • Startup
  • Contact Us
No Result
View All Result
  • Home
  • World
  • Business News
  • Markets
  • Startup
  • Contact Us
No Result
View All Result
Businessnewshubb
No Result
View All Result
Home Markets

SHIB Surges to 5-Week High, APE up for Fifth Straight Day – Market Updates Bitcoin News

January 10, 2023


Shiba inu moved to a five-week high during Tuesday’s session, despite cryptocurrency markets mostly consolidating. 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 (SHIB)

Shiba inu (SHIB) was one of Tuesday’s notable gainers, as prices of the token rose for a sixth straight session.

SHIB/USD surged to an high of $0.000009593 earlier in the day, which comes less than 24 hours after trading at a low of $0.000008603.

As a result of this latest surge in price, shiba inu climbed to its highest point since December 5.

Biggest Movers: SHIB Surges to 5-Week High, APE up for Fifth Straight Day
SHIB/USD – Daily Chart

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

In addition to this, the 14-day relative strength index (RSI) has risen above a recent ceiling at 65.50.

Currently, the index is tracking at 67.50, with the next visible ceiling at the 73.00 zone.

Apecoin (APE)

Apecoin (APE) was another big mover in today’s session, extending recent gains to a fifth consecutive day.

Following a low of $4.50 to start the week, APE/USD raced to an intraday peak of $4.98 earlier in the day.

The move pushed apecoin to its highest level since November 5, and came following a breakout of a price ceiling at $4.60.

Biggest Movers: SHIB Surges to 5-Week High, APE up for Fifth Straight Day
APE/USD – Daily Chart

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.

This means that prices are now deep in overbought territory, which could mean that bears are preparing for reentry.

Despite this potential reversal, bulls are seemingly still targeting a ceiling at $5.30, which hasn’t been hit since October 11.

Register your email here to get weekly price analysis updates sent to your inbox:

Could apecoin rally to hit $5.30 during the month of January? Let us know your thoughts in the comments.

Eliman Dambell

Eliman brings an eclectic point of view to market analysis. He was previously a brokerage director and online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.




Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It





Source link

Previous Post

Amid Europe’s energy crisis, this Dutch tulip farmer is swapping gas for heat from Bitcoin mining

Next Post

Delhivery’s IPO to Open for Subscription on May 11

Next Post

Delhivery's IPO to Open for Subscription on May 11

Coinsquare moves to terminate CoinSmart acquisition deal

Salesforce turmoil continues into new year, as recent layoffs attest • TechCrunch

Stock and Share Market News, Economy and Finance News, Sensex, Nifty, Global Market, NSE, BSE Live IPO News

US seeks to block Microsoft's €65 billion deal to buy 'Call of Duty' maker Activision Blizzard

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

YouTube rolls back its rules against election misinformation

by admin
June 3, 2023

YouTube was the slowest major platform to disallow misinformation during the 2020 U.S. election and almost three years later, the...

A survey of the challenges women founders face when fundraising (and how to overcome them)

by admin
June 3, 2023

40 women founders from 25 different countries share their views for other women entrepreneurs fundraising. Co-founded by Kate Dwyer and...

Tesla says all new Model 3s now qualify for full $7,500 tax credit

by admin
June 2, 2023

All new Tesla Model 3 vehicles will now qualify for the full $7,500 federal EV tax credit, according to a...

Collision nears a one-year Toronto extension, efforts mount for a West Coast alternative

by admin
June 2, 2023

Vancouver group advocates for Collision, as SAAS NORTH organizers look to offer a locally run alternative. With Collision’s long-term future...

business-news-hubb-white

© Business News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Categories

  • Home
  • World
  • Business News
  • Markets
  • Startup
  • Contact Us

Newsletter Sign Up.

No Result
View All Result
  • Home
  • World
  • Business News
  • Markets
  • Startup
  • Contact Us

© 2022 Business News Hubb All rights reserved.