SHIB jumps 10% on Saturday as NEAR hits two-week high | NEAR

SHIB was trading up to 10% higher on Saturday as crypto markets were mostly in the green. NEAR was also higher on Saturday, with prices now rising for three consecutive sessions. Overall, crypto markets are up 3% today.

Shiba Inu (SHIB)

SHIB was one of the notable moves in the crypto markets on Saturday, with prices rising over 10% to start the weekend.

Meme coin price has peaked intraday of $0.00001178 in today’s session, which is SHIB’s third consecutive daily gain.

Following Saturday’s rise, SHIB has gained nearly 50% over the past seven days, making it one of the biggest risers in this period.

Looking at the chart, today’s rally has seen prices approach this week’s high of $0.00001209, which is the highest the token has reached since May 31.

If this week’s momentum continues, the bulls will likely attempt to retake this point over the next few days. A stumbling block could come from the 14-day RSI, which currently sits at a resistance point of 56.60, which is also its highest point since late March.

If the SHIB bulls were to apply even more pressure on the current bears, then we would likely need to see a break of this ceiling.

Near Protocol (NEAR)

NEAR was another big gainer on Saturday as the bulls extended recent gains to a third consecutive session of upside.

The world’s 25th largest crypto token hit a high of $4.39 earlier today, and that comes after its cap at $4.20 was breached.

The move sees NEAR surge to its highest point in over two weeks, with traders likely set on price hold above $5.

To do this, there seems to be a slight ceiling at $4.75, which the bulls need to overcome, if they want to regain this level.

The 14-day RSI sits at a three-month high, which is also a point of resistance and could potentially hold prices back higher.

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