Shiba Inu and Apecoin experienced significant gains during Tuesday’s trading session. Despite market consolidation, investors have been able to find profitable opportunities. At the time of writing, the global crypto market cap was trading slightly lower, while the meme coin was up nearly 5%. Tuesday’s session also saw an increase in activity, the highest since November.
Shiba Inu (SHIB)
The Shiba Inu token was one of the biggest gainers in the market. SHIB/USD had surged for the sixth consecutive session, indicating a bullish trend. It achieved an intraday peak of $0.000009593, not long after bottoming out at $0.000008603.
The token had reached its highest point since December 5th. A crossover between the 10-day (red) and 25-day (blue) moving averages had triggered the rise.
The Relative Strength Index (RSI) had also skyrocketed, moving above 65.50. The index is currently at 67.50, and could reach 73.00.
Apecoin (APE)
Apecoin (APE) was another major gainer during the session. Prices rose for the fifth consecutive day, reaching an intraday peak of $4.98 after bottoming out at $4.50. APE had not reached such a high point since October 11th.
The token had been propelled by an RSI reading of 79.09; its highest ever. This could indicate that prices were overbought and could be followed by a bearish return. However, the bulls were still aiming for the $5.30 ceiling, which had not been reached since 2005.
