• Dogecoin (DOGE) and Shiba Inu (SHIB) surged to 8-week highs on Tuesday, with both coins breaking resistance levels.
• DOGE/USD rose to an intraday high of $0.095, while SHIB/USD climbed back above the key support level of $0.00001165.
• The move came as a result of the release of the latest consumer confidence report in the United States.
Biggest Movers: DOGE and SHIB Surge
Dogecoin (DOGE) and Shiba Inu (SHIB) both saw significant gains on Tuesday, with prices surging to eight-week highs. The movement came following the release of the latest consumer confidence report in the United States.
Dogecoin (DOGE) moved higher on Tuesday, breaking out from a key resistance level at $0.08578 to reach an intraday high of $0.095 – its highest point since December 11th when prices were at a peak of $0.0972. The 14-day relative strength index (RSI), which had collided with a ceiling at 65, was currently tracking at 65.03 as momentum continued to move higher for bulls targeting their next area of focus at $0.099 or beyond that if able to maintain current momentum .
Shiba Inu (SHIB)
Shiba Inu also saw notable gains on Tuesday, rebounding from losses earlier in the week amidst news from the US consumer confidence report to reach an intraday high of $0.00001195 – climbing back above its key support level at $0.00001165 as its RSI climbed back up towards 62 and beyond that possibly 68 if momentum is able to sustain itself higher for bulls aiming for their next target price set around $0.00001220 or more depending on how strong they are able to stay over time .
The meme coin market has been very volatile lately but these recent moves show promise for dogecoin and shiba inu holders hoping for further growth this year as long as they are ready for any potential dips or volatility along their journey ahead!