The Biggest Movers: SHIB increases to a maximum of 3 months to start the weekend

Shiba inu was a notable gainer during Saturday’s session as the meme coin rose to a three-month high. The move comes as traders continue to react to Binance’s decision to approve the coin as collateral in addition to the upcoming Shibarium release. Dogecoin also broke its recent losing streak today.

Shiba Inu (SHIB)

Shiba inu (SHIB) jumped to a three-month high on Saturday, with prices rising as much as 10%.

After a low of $0.000008551 on Friday, SHIB/USD surged to a high of $0.000009509 at the start of today’s session.

This resulted in the meme coin rising to its strongest point since May 6, when the price peaked at $0.00001007.

Looking at the chart, the move occurred when the 14-day RSI broke above a resistance level of 67.00.

At the time of this writing, the index is at 73.62, which is the highest level since February.

If the momentum continues through the weekend, the next target for the bulls is likely to be $0.00001025.

Dogecoin (DOGE)

In addition to SHIB, dogecoin (DOGE) also rallied today, breaking a three-day losing streak in the process.

DOGE/USD surged to $0.07628, less than 24 hours after the meme coin hit a low of $0.07279.

As a result of this price surge, DOGE is trading at its highest point since Wednesday after breaking the $0.0760 resistance zone.

This coincided with the RSI breaking above its own top at the 52.00 mark. It currently sits at a reading of 55.84.

Despite today’s rally, dogecoin is still trading nearly 3% lower than where it was at the same point last weekend.