{"id":12261,"date":"2022-05-13T16:08:59","date_gmt":"2022-05-13T16:08:59","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/index.php\/2022\/05\/13\/shib-dot-nearly-30-higher-as-sol-also-surges-market-updates-bitcoin-news\/"},"modified":"2022-05-13T16:08:59","modified_gmt":"2022-05-13T16:08:59","slug":"shib-dot-nearly-30-higher-as-sol-also-surges-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/shib-dot-nearly-30-higher-as-sol-also-surges-market-updates-bitcoin-news\/","title":{"rendered":"SHIB, DOT Nearly 30% Higher, as SOL Also Surges \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Cryptocurrency markets were mostly in the green on Friday, as DOT was up by nearly 40%, moving away from an 18-month low. Although SOL, AVAX, and MATIC all rose by over 20%, it was SHIB that was one of the standout gainers in today\u2019s session.<\/b><\/p>\n

Polkadot (DOT)<\/h2>\n

DOT was one of today\u2019s biggest gainers, as it climbed by nearly 40% during Friday\u2019s stretch, moving away from recent lows in the process.<\/span><\/p>\n

On Friday, DOT\/USD surged to a peak of $11.73, which comes less than 24 hours after it hit a low of $7.04<\/span><\/p>\n

This bottom was the lowest level DOT has reached since January 2021, and came as prices fell for eight of the last nine days.<\/span><\/p>\n

\"Biggest
DOT\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Today\u2019s rally commenced as prices jumped from a now support level of $8.50, climbing by as much as 38% to its intraday high. <\/span><\/p>\n

Despite the rise, the 14-day RSI is still marginally oversold, and currently tracks at the 37.87 level, which is just below a ceiling of 40.<\/span><\/p>\n

Should we see this ceiling broken, then we will see the price resistance of $12.50 also give way.<\/span><\/p>\n

Shiba Inu (SHIB)<\/h2>\n

While SOL, MATIC, and AVAX were all trading by as much as 20% higher on Friday, it was a meme coin which was today\u2019s most notable secondary mover.<\/span><\/p>\n

SHIB was easily one of today\u2019s biggest gainers, as it too rallied away from recent lows, following this week\u2019s crypto sell-off.<\/span><\/p>\n

Following a low of $0.00001041 on Thursday, shiba inu rose to an intraday peak of $0.00001426 to end the week.<\/span><\/p>\n

\"Biggest
SHIB\/USD \u2013 Daily Chart<\/figcaption><\/figure>\n

Today\u2019s move saw SHIB\/USD move away from a recent eight-month low, as prices look to stabilize in the aftermath of recent declines.<\/span><\/p>\n

Looking at the chart, the rally came as the 14-day RSI moved past a resistance level of 33.60, and is now tracking above 35.<\/span><\/p>\n

The next notable ceiling is at the 40 mark, which may test bullish pressure, with some likely to use it as an opportunity to exit, while securing gains.<\/span><\/p>\n

Will today\u2019s crypto rally extend into the weekend? Let us know your thoughts in the comments.<\/i><\/b><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman 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.

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Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n

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