{"id":15636,"date":"2022-12-19T17:22:12","date_gmt":"2022-12-19T17:22:12","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/shib-xmr-extend-recent-gains-on-monday-market-updates-bitcoin-news\/"},"modified":"2022-12-19T17:22:12","modified_gmt":"2022-12-19T17:22:12","slug":"shib-xmr-extend-recent-gains-on-monday-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/shib-xmr-extend-recent-gains-on-monday-market-updates-bitcoin-news\/","title":{"rendered":"SHIB, XMR Extend Recent Gains on Monday \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Shiba inu rose for a third consecutive session on Monday, as the meme coin continued to move away from last week\u2019s lows. Today\u2019s surge comes as the global cryptocurrency market cap was largely unchanged, and is down 0.01% as of writing. Monero was another notable mover to start the week, as it too rose in back-to-back sessions.<\/strong><\/p>\n

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

Shiba inu (SHIB) was in the green to start the week, as the meme coin rose for a third consecutive session.<\/p>\n

Following a low of $0.00000848 on Sunday, SHIB\/USD surged to an intraday high of $0.00000875 earlier today.<\/p>\n

The move saw the token continue to climb away from last week\u2019s low of $0.00000800, which was its weakest point since June.<\/p>\n

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

Looking at the chart, SHIB has somewhat retreated from earlier highs, as price uncertainty increased, as the coin edged closer to a key resistance level.<\/p>\n

As of writing, shiba inu is trading at $0.000008684, which is below today\u2019s top, and below a ceiling of $0.000008800.<\/p>\n

This comes as the relative strength index (RSI) collided with, but failed to break out of, its own resistance point at the 43.00 mark.<\/p>\n

Monero (XMR<\/a>)<\/h2>\n

Monero (XMR<\/a>) was another notable token to climb on Monday, as it also extended a recent bull run.<\/p>\n

XMR<\/a>\/USD rose for a third straight day to start the week, hitting a high of $145.97 in the process.<\/p>\n

Monday\u2019s move comes as monero continues to move away from a recent support point of $140.00, which was last hit this past Saturday.<\/p>\n

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

As a result of today\u2019s surge, the RSI of 14 days is now hovering around a ceiling at the 53.00 mark, which seems to be an obstacle preventing any further upward moves.<\/p>\n

Should this ceiling be broken, the target for XMR<\/a> bulls will likely be a ceiling of $150.00, which is where the token was trading prior to last week\u2019s U.S. Federal Reserve interest rate decision.<\/p>\n

As of writing, XMR<\/a>\/USD is trading at $145.25, which is still 1.42% higher than Sunday\u2019s low of $143.00.<\/p>\n

Register your email here to get weekly price analysis updates sent to your inbox:<\/em><\/p>\n

Will we see XMR<\/a> hit $150.00 before Christmas day? Let us know your thoughts in the comments.<\/strong><\/em><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX.

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

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Disclaimer<\/strong>: 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<\/a> 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.<\/p>\n<\/div>\n

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