With a Saturday increase of up to 14%, toncoin experienced one of the greatest increases among the top 100. The increase happens as the market's response to the recent cooperation with Telegram news is still being felt. Shiba inu increased as well, reaching a one-week high.
Token (TON)
On Saturday, Toncoin increased by as much as 14% as traders continued to respond to the collaboration with Telegram.
To start the weekend, TON/USD soared to an intraday high of $2.23 after hitting a low of $1.94 on Saturday.
With this price increase, Toncoin reached its highest point since April 27, when it reached a high of $2.37.
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| TON/USD--Daily Chart |
Overall, it appears that the movement occurred as the 14-day RSI breached a ceiling at 70.00.
The index is currently lying at 72.68 as of this writing, which is significantly overbought territory and could be reason for concern for bulls.
If TON keeps rising, a ceiling at $2.35 might be the point at which bears try to drive prices down.
Inu Shiba (SHIB)
After a five-day bull run, Shiba Inu (SHIB) climbed to a one-week high to open the weekend.
After hitting a low of $0.000007331 the day before, SHIB/USD reached a height of $0.000007564 earlier in today's session.
The meme coin has increased to its greatest level since last Saturday thanks to today's rally, which came after a breakthrough at a ceiling of $0.00000735.
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| SHIB/USD--Daily Chart |
Early gains have now retreated, and SHIB is currently tracking around $0.000007425. This development coincides with the RSI hitting a barrier.
Price strength is currently tracking in the 40.97 area after failing to move over a ceiling at 43.00.
SHIB will probably get closer to $0.000008000 if bulls manage to rally past the aforementioned obstacle.
Could shiba inu gain ground this weekend? Post your comments to let us know what you think.