The strongest swingers are SHIB, which is up over 20%

13-Apr-2022 By: Somesh Gaur

The strongest swingers are SHIB,

which is up over 20% after Robinhood's listing, and NEAR, which is rising too.

Shiba Inu (SHIB) was one of the top gainers in cryptocurrency markets on Tuesday after Robinhood added the meme coin to its roster of crypto products. This happened when the trading app launched a slew of new ones, including SOL, which rebounded after recent losses.

Shiba Inu (SHIB) was the clear winner during Tuesday's trading session, as it was officially revealed that Robinhood has added the meme currency to its offering. SHIB/USD rose to an intraday high of $0.00002695 earlier today after falling to a low of $0.00002198 to begin the week. This is the highest level at which SHIB has traded since February 17, and it comes after prices rose from a long-term support level on Monday. Looking at the chart, yesterday's floor of $0.00002175 has likely held solid for the previous few weeks while bulls awaited today's news. SHIB has finally broken through its long-term resistance level of $0.00002747 as a result of the price rise. Despite this nearly two-month high, the 14-day RSI is only at 57, with a recent high closer to 70. Robinhood traders may view this as a chance to increase the value of the meme currency. Although SOL was added to Robinhood on Tuesday, NEAR was the day's second-largest gainer. During today's session, NEAR reached a high of $17.17, as prices continued to rise away from their previous support level. NEAR's earlier gains have moderated as the day progressed, as prices approached the $17.55 barrier level. However, before reaching this level, bears managed to halt the rising trend, as the price NEAR appears to be consolidating. Today's increase comes as price strength has risen back above a recent floor in the 14-day RSI signal, which presently stands at 60. With the nearest ceiling at 64 points, there may be some additional gains in NEAR, but if the resistance of $17.55 is met, we may see another dip.

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