• SHIB jumped 13% on Saturday, hitting a 4-month high.
• Dogecoin also moved higher, breaking out of a recent ceiling in the process.
• Both coins saw an increase in momentum as the RSI broke through key resistance levels.
Cryptocurrency Markets Consolidate
Cryptocurrency markets were mostly consolidating on Saturday, with many assets trading sideways or within tight ranges. Despite this, two of the most popular meme coins still managed to achieve significant gains throughout the day.
Shiba Inu (SHIB)
Shiba Inu (SHIB) extended recent gains into the weekend, as prices rose by as much as 13%. This surge took prices to their highest point since October 29th and resulted in a breakout of a price ceiling at $0.00001290. The relative strength index also moved beyond its ceiling at 74.00 earlier in the day, reaching a 12-day high of 79.15 before retreating slightly.
Dogecoin (DOGE)
Dogecoin (DOGE) was also able to make headway during Saturday’s session, with prices rising from a low of $0.09107 to an intraday peak of $0.09489 over the course of the day’s trading period. As a result of this move, DOGE/USD broke out above its price ceiling at $0.0935 and appeared set for further bullish momentum until the RSI collided with resistance at 63.00 level causing bulls to retreat and prices to consolidate once more around $0.09383 currently..
Biggest Movers: SHIB Jumps 13%
Shiba Inu (SHIB) and Dogecoin (DOGE) were some of biggest movers in cryptocurrency markets on Saturday, with both coins managing to break out from key price ceilings despite overall market consolidation during that time period . Both SHIB/USD and DOGE/USD had their highest points since October 29th and March 16th respectively due to today’s surge which saw SHIB climb by up to 13%, while DOGE rose above its previous resistance level at 09350 USDT momentarily before briefly retracing back down again towards current levels around 09380 USDT
Conclusion
Despite cryptocurrency markets consolidating on Saturday, Shiba Inu (SHIB) and Dogecoin (DOGE) managed to outperform other assets by achieving significant gains throughout today’s session due largely in part thanks to their respective breakouts past key price ceilings that were previously holding them back from continuing this upward trend further over recent weeks