Shiba inu was one of Saturday’s notable gainers, as price rebounded from recent lows to start the weekend. Today’s rebound comes as the global crypto market cap moved into the green earlier in the session. XRP was also higher on Saturday.
Shiba Inu (SHIB)
Shiba inu (SHIB) moved away from a recent support point to start the weekend, as bulls opted to buy a recent dip in price.
Following a low of $0.000008016 on Friday, SHIB/USD rose to an intraday peak of $0.00000822 on Saturday.
As a result, shiba inu moved away from the aforementioned price floor around the $0.00000790 zone.
The bounce comes as the relative strength index (RSI) also avoided a support of its own at 39.00, and has now jumped to a reading of 43.27.
A ceiling of 47.00 now awaits traders in the event that bullish momentum intensifies during the weekend.
Additionally, XRP was also in the green, rebounding from recent losses of its own.
XRP/USD rose to a high of $0.5298 to start the weekend, less than 24 hours after trading at a low of $0.5128.
Similar to shiba inu above, the rise in price sees the meme coin attempt to move beyond a recent floor at $0.5045.
Earlier gains have somewhat eased, however, as the RSI collided with a resistance level of 35.00, with price falling to a current reading of $0.5235.
In the event that this ceiling is broken, bulls will most likely be targeting exits around the $0.5435 zone.
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Will this target be hit this weekend? Let us know your thoughts in the comments.