Shiba Inu, inu saw its crypto token spike on Wednesday as it reached a two-month high. Prices rose throughout the day as the global crypto market cap gained and the meme coin soared with a top rate of 17%. Polkadot also saw gains, with the token hovering close to its two-month peak.
Shiba Inu (SHIB)
Shiba Inu (SHIB) experienced an increase in prices on Wednesday, with the meme coin jumping to a two-month high. After reaching a low of $0.00001053, SHIB/USD climbed to an intraday peak of $0.00001289. This marked the highest point for the crypto token since early November, when prices hit the $0.00001290 ceiling.
The chart shows that this rally occurred as the 14 day RSI moved away from the 76.00 support. Currently, the index is hovering at 80.31, which is considered to be overbought. The gains made previously have now been reversed, with the meme coin trading at $0.0000124.
Moles (DOT)
Polkadot (DOT) also saw gains, trading close to its two-month peak. The USD/DOT ratio jumped to $6.19 earlier today, before falling back following the US retail sales data release. Sales in the world’s biggest economy dropped by 1.1%, more than the 0.8% decline that many experts had anticipated.
