Shiba Inu and Dogecoin both gained significant ground during the weekend, reaching new highs that had not been seen in four months and one day respectively. Despite the general market consolidation, gains of up to 13% were seen in the meme coins.
Shiba-inu (SHIB)
Shiba Inu (SHIB) was one of the main movers in the markets over the weekend, with its value rising as much as 13% in a single day. This pushed the SHIB/USD exchange rate to its highest level since October 29th, as it rose from a low of $0.00001232 to a price of $0.00001457.
On the chart, the rise in price was also reflected in the Relative Strength Index (RSI), which broke the 75.00 mark. This led the index to reach a 12-day high of 79.15, just under the 80.00 resistance.
Dogecoin (DOGE)
Dogecoin (DOGE) also saw a significant rise in price during the weekend, breaking through a key resistance level in the process. The meme coin started the weekend off with a low of $0.09107, before reaching an intraday high of $0.09489.
The transfer saw DOGE/USD move above the $0.0935 mark, although the momentum appears to have slowed down as the Relative Strength Index (RSI) hit a resistance at 63.00.
