{"id":19481,"date":"2023-04-04T15:50:32","date_gmt":"2023-04-04T15:50:32","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/doge-up-30-following-twitter-logo-change-market-updates-bitcoin-news\/"},"modified":"2023-04-04T15:50:32","modified_gmt":"2023-04-04T15:50:32","slug":"doge-up-30-following-twitter-logo-change-market-updates-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/doge-up-30-following-twitter-logo-change-market-updates-bitcoin-news\/","title":{"rendered":"DOGE up 30%, Following Twitter Logo Change \u2013 Market Updates Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
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Dogecoin continued to trade close to a four-month high on Tuesday, following a 30% price surge to start the week. The rally came after Twitter changed its logo from the traditional blue bird, to a cartoon picture of Doge. Shiba inu was also higher, as it moved to a multi-week high.<\/strong><\/p>\n

Dogecoin (DOGE)<\/h2>\n

Dogecoin (DOGE) was one of today\u2019s biggest gainers, as markets continued to react to Twitter\u2019s logo change<\/a>.<\/p>\n

DOGE\/USD raced to a high of $0.1026 late on Monday, following a low of $0.07663 earlier in the day.<\/p>\n

As a result of this move, the meme coin rose to its strongest point since December 5, when it hit a peak of $0.1118.<\/p>\n

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

Looking at the chart, Tuesday\u2019s surge appears to coincide with the relative strength index (RSI) breaking out of a ceiling at 70.00.<\/p>\n

At the time of writing, the index is tracking at 73.45, which is its highest reading since November.<\/p>\n

Overall, dogecoin is up over 30% at the time of writing, and nearly 40% higher than at the same time last week.<\/p>\n

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

Another notable gainer on Tuesday was shiba inu (SHIB), which moved to a three-week high in the past several hours.<\/p>\n

Following a low of $0.00001065 to start the week, SHIB\/USD climbed to a peak of $0.00001157 yesterday evening.<\/p>\n

This resulted in prices jumping by as much as 6%, hitting their highest level since March 14 in the process.<\/p>\n

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

Similar to DOGE, the move seemingly took place following a breakout of a key resistance level of 55.00 on the RSI indicator.<\/p>\n

Price strength is now tracking at 55.76, and appears to be heading towards a higher ceiling at 58.00.<\/p>\n

Should it reach its apparent target, SHIB will likely move beyond March\u2019s high of $0.00001184.<\/p>\n

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

Do you expect dogecoin and shiba inu to extend this rally further into the week? Let us know your thoughts in the comments.<\/strong><\/em><\/p>\n

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\nEliman Dambell <\/h6>\n

\nEliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on 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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