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Biggest Movers: SHIB up Almost 20% Following Robinhood Listing, Near Also Higher

Shiba inu (SHIB) was one of the biggest gainers in crypto markets on Tuesday, as Robinhood added the meme coin to its list of crypto offerings. This came as the trading app also added a host of others, including SOL which also gained following recent losses.

Shiba Inu (SHIB)

Shiba inu (SHIB) was undoubtedly the biggest gainer during Tuesday’s trading session, as it was finally confirmed that Robinhood had added the meme coin to its offering.

Following a low of $0.00002198 to start the week, SHIB/USD rallied to an intraday high of $0.00002695 earlier today.

This peak was the highest level SHIB has traded since February 17, and comes after prices rebounded from the long-term support level on Monday.

Biggest Movers: SHIB up Almost 20% Following Robinhood Listing, Near Also Higher
SHIB/USD – Daily Chart

Looking at the chart, yesterday’s floor at $0.00002175, held firm for the last few weeks, as bulls likely were anticipating today’s announcement.

As a result of the surge in price, SHIB has now broken out of its long-term resistance level of $0.00002747.

Despite this almost two-month high, the 14-day RSI is only tracking at 57, with its recent high closer to 70.

Robinhood traders could see this as an opportunity to push the meme coin higher.

NEAR Protocol (NEAR)

Although SOL was also added to Robinhood on Tuesday, it was NEAR which was today’s second-biggest gainer.

NEAR rose to a peak of $17.17 during today’s session, as prices continued to move away from its recent support level.

Earlier gains in NEAR have somewhat eased as the day matured, as prices came closer to the resistance point of $17.55.

Biggest Movers: SHIB up Almost 20% Following Robinhood Listing, Near Also Higher
NEAR/USD – Daily Chart

However, before touching this point, bears have moved to quash the upwards trend, as the price NEAR seems as if it will continue to consolidate.

Today’s surge comes as price strength climbed back above a recent floor within the 14-day RSI indicator, and now sits at the 60 level.

With the nearest ceiling at the 64 point, there may be some further gains in NEAR, however, if the resistance of $17.55 is hit, we may see yet another drop.

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Do you believe NEAR could breakout above the resistance level of $17.55? Let us know your thoughts in the comments.'
Eliman Dambell

Eliman brings a diversified point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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