SHIB hits 5-week high, EPA rises for fifth straight day

Shiba inu hit a five-week high during Tuesday’s session, despite the consolidation in the crypto-currency markets. At the time of writing, the overall crypto-currency market is down 0.20 percent, but the meme currency is up nearly 5 percent. Apecoin also jumped in today’s session, as it hit its strongest point since November.

Shiba Inu (SHIB)

Shiba inu (SHIB) was one of Tuesday’s notable winners, as prices for the token rose for a sixth consecutive session. SHIB hit a high of $0.000009593 earlier in the day, less than 24 hours after hitting a low of $0.000008603.

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As a result of this latest price spike, shiba inu has reached its highest point since December 5.

Biggest Moves: SHIB hits 5-week high, APE up for fifth straight day.

On the chart, it looks like today’s rally took place following an upward crossover of the 10-day (red) and 25-day (blue) moving averages. In addition, the 14-day Relative Strength Index (RSI) has risen above a recent ceiling at 65.50.

Currently, the index is holding at 67.50, with the next visible ceiling in the 73.00 area.

Apecoin (APE)

Apecoin (APE) was another big move in today’s session, extending recent gains to a fifth consecutive day. After a low of $4.50 earlier in the week, the APE hit an intraday high of $4.98 earlier in the day.

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The move pushed the apecoin to its highest level since Nov. 5, and followed a price cap breakout at $4.60.

Biggest moves: SHIB hits 5-week high, APE up for fifth straight day.

As a result of today’s rise, the RSI on the APE chart is now at its strongest point, with a reading of 79.09. This means that prices are now deep in overbought territory, which could mean that the bears are preparing for a comeback.

Despite this potential reversal, the bulls still seem to be targeting a ceiling at $5.30, which hasn’t been reached since October 11.

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