Biggest Movers: TON Surges 14% on Saturday, SHIB Hits 1-Week High

Toncoin was undoubtedly one of the biggest moves in the top 100, as the token rose by as much as 14% on Saturday. The rise comes as markets continue to react to the news of a recent partnership with Telegram. Shiba inu was also higher, hitting a one-week high.

Toncoin (TON)

Toncoin rose by as much 14% on Saturday, as traders continued to react to the partnership with Telegram.

Following a low of $1.94 on Saturday, TON/USD raced to an intraday high of $2.23 to start the weekend.

This surge in price pushed toncoin to its strongest level since April 27, when the price was trading at a high of $2.37.

Overall, it appeared that the move came as the 14-day relative strength index (RSI) broke out of a ceiling at 71.00.

As of writing, the index is now sitting at 72.68, which is deep in overbought territory, and a potential cause for concern for bulls.

Should TON continue to climb, a ceiling at $2.35 could be a point where bears look to send prices lower.

Shiba Inu (SHIB)

Shiba inu (SHIB) rose to a one-week high to start the weekend, which comes after a five-day bull run.

SHIB/USD peaked at $0.000007564 earlier in today’s session, following a low at $0.000007331 the day before.

Today’s surge pushed the meme coin to its highest level since last Saturday and comes following a breakout at a ceiling of $0.00000735.

Earlier gains have since faded, with SHIB now tracking at $0.000007425, which comes as the RSI collided with a hurdle.

Price strength failed to move beyond a ceiling at 43.00, and is currently tracking at the 40.97 zone.

In the event bulls secure a rally beyond the aforementioned resistance, SHIB will likely edge closer to $0.000008000.

Register your email here to get weekly price analysis updates sent to your inbox:

Could shiba inu continue to rise over the weekend? Let us know your thoughts in the comments.