DOGE has risen by over 130% in the last week.
Meme coins remained higher on Tuesday, despite cryptocurrency markets mostly trading in the red. Dogecoin is now over 130% higher in the last week, as the token climbed to its highest point since April. Shiba inu was also higher, climbing back above a key price ceiling.Dogecoin extended recent gains on Tuesday, as the token surged to a fresh multi-month high.
The rally sees the meme coin move to its highest point since April, and as of writing it is trading over 130% higher from the same point last week.This recent surge in dogecoin comes as Tesla CEO and long-term meme coin supporter Elon Musk recently completed his takeover of Twitter. As of writing, the 14-day relative strength index is now tracking at 90.24, which is the highest point for the index in over a year.Following the tweet from Elon Musk, shiba inu was also higher, as prices climbed above a key resistance level.
Looking at the chart, the RSI for SHIB is currently tracking at 65.30, which is slightly under the next visible ceiling of 70.00.
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