Shiba inu surged to a multi-month high on Wednesday, as the meme coin collided with a key price ceiling. Prices rose by as much as 17% in today’s session, as the global cryptocurrency market cap also trended higher. Polkadot was once again in the green, with the token hovering close to a two-month high of its own.Shiba inu rallied on Wednesday, as the meme coin surged to a two-month high, following declines on Tuesday.
Today’s move saw shiba inu climb to its strongest point since early November, when prices last collided with a ceiling at the $0.00001290 level.Looking at the chart, the move came as the 14-day relative strength index rebounded from a support point at 76.00.Earlier gains have also been wiped out, and the meme coin is currently trading at $0.0000124.Polkadot continued to trade near a two-month high, as the token remained near a key resistance level.
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