SHIB Hits 3-Week High, ATOM up by Over 20% Today – Market Updates Bitcoin News

Shiba inu moved to a three-week high on Friday, as crypto markets surged during today’s session. Markets were mainly in the green, as bullish sentiment returned to end the week. Cosmos was a notable mover once again, as the token rose by over 20% today.

Shiba Inu (SHIB)

Shiba inu (SHIB) rebounded during Friday’s session, as prices rallied following a recent spell of consolidation.

SHIB/USD rose to an intraday high of $0.00001379 on Friday, as prices broke out of two consecutive resistance points.

The first ceiling that SHIB rose past was the $0.00001290 level, which has been in place since late August.

Biggest Movers: SHIB Hits 3-Week High, ATOM up by Over 20% Today
SHIB/USD – Daily Chart

Following this, bullish momentum intensified, with the token surging towards another resistance level of $0.00001380.

Overall, shiba inu is now trading at its highest point since August 26, when prices were above $0.00001400.

As of writing, some of today’s earlier gains have eased, as the relative strength index (RSI), moved closer to an obstacle at the 54.00 mark.

Cosmos (ATOM)

Cosmos (ATOM) was higher for a third straight session, as prices rose to a fresh four-month high this afternoon.

Following a rally beyond its ceiling of $13.35 during yesterday’s session, ATOM/USD hit a high of $16.23 earlier today.

Today’s move sees ATOM climb to its highest point since May 7, and comes as the token has now risen by nearly 30% in the past two days.

Biggest Movers: SHIB Hits 3-Week High, ATOM up by Over 20% Today
ATOM/USD – Daily Chart

Looking at the chart, the RSI is now tracking at 72.23, which is deep in overbought territory.

Overall, price strength is now at its strongest point since the start of the year, which could potentially see bears begin to reenter the market.

It is yet to be determined if ATOM has hit its current peak, or if this week’s run can be extended into the weekend.

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

Do you believe cosmos can hit $20.00 in September? Let us know your thoughts in the comments.

Eliman Dambell

Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.




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.


Be the first to comment

Leave a Reply

Your email address will not be published.


*