Dogecoin (DOGE) and Shiba Inu (SHIB) both rose on Wednesday as markets reacted to Tesla CEO Elon Musk’s tweets. Earlier in the session, Dogecoin reached an intraday high of $0.08707, breaking through a resistance level of $0.0040. SHIB/USD rose for the second day in a row, breaking through $0.00001285 and climbing nearly 6%. The 14-day relative strength index (RSI) has risen to its highest level in nearly a week and is approaching the 52.00 level. The RSI indicator also showed a breakout.
Biggest Movers: DOGE, SHIB Surge as Elon Musk Tweets Dog CEO Pictures