SHIB and DOT Near 3-Month Highs, Crypto Markets Fall

• Shiba Inu (SHIB) and Polkadot (DOT) remain near three-month highs, despite the crypto markets falling.
• SHIB/USD rose to a high of $0.00001291 on Thursday and is currently trading at $0.00001251.
• DOT/USD dropped to a low of $6.53 on Thursday, but has since rebounded and is currently trading at $6.79.

Biggest Movers: SHIB and DOT Remains Near 3-Month Highs

Despite the global cryptocurrency market cap falling 1.28% at the time of writing, Shiba inu (SHIB) and Polkadot (DOT) remain close to recent three month highs.

Shiba Inu (SHIB)

Shiba inu (SHIB) was one of Friday’s biggest gainers, with prices remaining close to yesterday’s three month high of $0.00001291. However, SHIB/USD fell lower due to traders taking profits, dropping to a low of $0.00001196 yesterday before recovering back up to its current price level of $0.00001251.

Looking at the chart, Thursday’s decline pushed SHIB towards a floor at 61.00 on the relative strength index (RSI). Currently, it is tracking at 69.41, which is marginally below a resistance point at 70.00 – meaning that bulls will need to break this ceiling if they want SHIB to recapture yesterday’s peak again soon enough..

Polkadot (DOT)

Polkadot also maintained bullish momentum today as it continued to trade above key resistance levels after giving up a high of $6.84 on Thursday and dropping down afterwards to a low of $6.53 later in the day before rebounding back up again now trading around its current price point level of $6.79 . The 14-day RSI indicator is currently at 66 . 53 , approaching 68 . 00 which needs breaking if market momentum wants kept being bullish leading DOT closer towards hitting its next target price mark – the 7$ mark .

Conclusion

Both Shiba Inu & Polkadot have been showing impressive signs of resilience recently even when cryptocurrency markets are bearish by staying near their respective 3 month highs despite some minor corrections along the way that have been quickly recovered from shortly after they happenned suggesting that those two tokens could be ready for further upside potential soon enough if broader crypto markets manage stabilizing themselves in order for them being able to make new ATHs soon .