Shiba inu rose by as much as 10% during today’s session, as bullish sentiment returned to cryptocurrency markets. The meme coin climbed to its highest point this week, with the global crypto market cap up nearly 2% as of writing. Solana was another big gainer, hitting a ten-day high on Wednesday.
Shiba Inu (SHIB)
Shiba inu (SHIB) was one of Wednesday’s notable movers, as the meme coin rose by over 10% during the day.
Following a low of $0.000009027 on Tuesday, SHIB/USD rallied to an intraday peak at $0.00001002 earlier in today’s session.
This is the second straight price rise for SHIB, and it has pushed the coin to its highest level since Sunday.
As a result of the surge in momentum, the 14–day relative strength index (RSI) has now collided with a ceiling at 66.00.
At the time of writing, the index is tracking at 65.67, with shiba inu also falling from its previous high.
SHIB/USD is now trading at $0.000009749.
Solana (SOL)
Solana (SOL) remained in the green for a third consecutive session, as it continued its push towards $25.00.
SOL/USD jumped to a high of $24.91 on Wednesday, a day after falling to a bottom at the $23.21 level.
Overall, this saw the cryptocurrency climb to a ten-day high, and close in on a collision with the $25.00 ceiling.
This comes as the price strength nears its own resistance point at 60.00. It is currently reading at 58.27.
In the event it hits the 60.00 zone, there is a strong possibility solana will be trading above $25.00.
Register your email here to get weekly price analysis updates sent to your inbox:
Will this recent bull spell last for the rest of the week? Let us know your thoughts in the comments.