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) 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.