{"id":17250,"date":"2023-02-03T17:25:41","date_gmt":"2023-02-03T17:25:41","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/shib-dot-remain-near-3-month-highs-despite-crypto-markets-falling-market-updates-bitcoin-news\/"},"modified":"2023-02-03T17:25:41","modified_gmt":"2023-02-03T17:25:41","slug":"shib-dot-remain-near-3-month-highs-despite-crypto-markets-falling-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/shib-dot-remain-near-3-month-highs-despite-crypto-markets-falling-market-updates-bitcoin-news\/","title":{"rendered":"SHIB, DOT Remain Near 3-Month Highs, Despite Crypto Markets Falling \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Shiba inu was one of Friday\u2019s biggest gainers, as the meme coin remained close to a recent three month high. The token has been in the green for the majority of today\u2019s session, despite the global cryptocurrency market cap falling 1.28% at the time of writing. Polkadot was also higher, as it continued to trade above a key price ceiling.<\/strong><\/p>\n

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

Shiba inu (SHIB) was a notable mover on Friday, with prices remaining close to yesterday\u2019s three month high.<\/p>\n

SHIB\/USD rose to a high of $0.00001291 on Thursday, which was its strongest point since November, however fell lower, as bulls moved to take profits.<\/p>\n

As traders abandoned their positions, SHIB fell to a low of $0.00001196 yesterday, however prices have since recovered, and are currently sitting at $0.00001251.<\/p>\n

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

Looking at the chart, Thursday\u2019s decline pushed SHIB towards a floor at 61.00 on the relative strength index (RSI), however bulls rejected a breakout.<\/p>\n

As of writing this, the index is tracking at 69.41, which is marginally below a resistance point at 70.00.<\/p>\n

In order for SHIB to recapture yesterday\u2019s peak, this ceiling at 70.00 will first need to be broken.<\/p>\n

Polkadot (DOT)<\/h2>\n

Polkadot (DOT) also maintained bullish momentum in today\u2019s session, as the token continued to trade above a key resistance level.<\/p>\n

After giving up a high of $6.84 on Thursday, DOT\/USD dropped to a low of $6.53 later in the day.<\/p>\n

The token has since rebounded, and as of writing this is currently trading at $6.79, which is marginally below a ceiling at $6.80.<\/p>\n

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

Looking at the chart, the 14-day RSI indicator is at a reading of 66.53, and is fast approaching a ceiling of 68.00.<\/p>\n

Similar to SHIB, DOT traders will need to race past this point in order for market momentum to remain bullish.<\/p>\n

Should this happen, then it is possible that polkadot could move closer to the $7.00 mark.<\/p>\n

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

Could we see polkadot hit $7.00 before the end of the week? 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 online trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

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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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