Biggest Movers: SHIB up Almost 20% Following Robinhood Listing, Near Also Higher
Shiba inu (SHIB) was one of the biggest gainers in crypto markets on Tuesday, as Robinhood added the meme coin to its list of crypto offerings. This came as the trading app also added a host of others, including SOL which also gained following recent losses. Shiba Inu (SHIB)
Shiba inu (SHIB) was undoubtedly the biggest gainer during Tuesday’s trading session, as it was finally confirmed that Robinhood had added the meme coin to its offering.
Following a low of $0.00002198 to start the week, SHIB/USD rallied to an intraday high of $0.00002695 earlier today.
This peak was the highest level SHIB has traded since February 17, and comes after prices rebounded from the long-term support level on Monday. SHIB/USD – Daily Chart
Looking at the chart, yesterday’s floor at $0.00002175, held firm for the last few weeks, as bulls likely were anticipating today’s announcement.
As a result of the surge in price, SHIB has now broken out of its long-term resistance level of $0.00002747.
Despite this almost two-month high, the 14-day RSI is only tracking at 57, with its recent high closer to 70.
Robinhood traders could see this as an opportunity to push the meme coin higher.
NEAR Protocol (NEAR)
Although SOL was also added to Robinhood on Tuesday, it was NEAR which was today’s second-biggest gainer.
NEAR rose to a peak of $17.17 during today’s session, as prices continued to move away from its recent support level.
Earlier gains in NEAR have somewhat eased as the day matured, as prices came closer to the resistance point of $17.55. NEAR/USD – Daily Chart
However, before touching this point, bears have moved to quash the upwards trend, as the price NEAR seems as if it will continue to consolidate.
Today’s surge comes as price strength climbed back above a recent floor within the 14-day RSI indicator, and now sits at the 60 level.
With the nearest ceiling at the 64 point, there may be some further gains in NEAR, however, if the resistance of $17.55 is hit, we may see yet another drop. Tags in this story Analysis, NEAR, Robinhood, shib
Do you believe NEAR could breakout above the resistance level of $17.55? Let us know your thoughts in the comments. Eliman Dambell
Eliman brings a diversified point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX. Bitcoin, Ethereum Technical Analysis: BTC Back Above $40,000 Following Record U.S. Inflation Data MARKET UPDATES | 10 hours ago Biggest Movers: RUNE and THETA Fall by Over 10% on Monday MARKET UPDATES | 1 day ago
Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleFast, Secure and Interoperable, Parex Is the New Decentralized Exchange to Look Out For Next articleInflation Rises Sharply in the US as Consumer Prices in March Spiked to 8.5% Disclaimer: 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 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. Read disclaimerShow comments More Popular NewsIn Case You Missed ItPolygon Announces Zero-Knowledge Identity Platform for Web3
On March 29, Polygon, the layer two (L2) scaling solution that runs parallel with the Ethereum blockchain, has announced a new identity platform called Polygon ID. While the protocol is is still under development, Polygon ID is powered by zero-knowledge ... read more.NFT Marketplace Opensea to Add Credit Card, Apple Pay Support via Moonpay Kenya Central Bank Governor: Low Smartphone Penetration Working Against Plan to Launch CBDC US Senator Cruz Introduces Bill to Prevent Federal Reserve From Using Digital Currency as Surveillance Tool Sanctions Motivate Russia to Create Own Crypto Market Infrastructure, Finance Ministry Says